Ponte 16 CEO approves Macau's bet-credit plan for satellite casinos

Ponte 16 CEO approves Macau’s bet-credit plan for satellite casinos

One of the bosses of Macau gaming resort Ponte 16, Hoffman Ma Ho Man, has said that the Macau government’s proposed changes to gambling-credit law are unlikely to have much impact on the city’s existing satellite casinos. This is because such credit issuance had dramatically reduced in the Macau market before and since the new 10-year gaming concessions that started on January 1. The latest legal proposal, on casino concessionaire- and junket-issued credit for gambling, was briefly outlined on April 21 by the city’s Executive Council. Under some of its provisions, the so-called ‘management companies’ would not themselves be allowed to “establish any casino gaming credit contract” or perform any related “legal acts”.

Source: GGRAsia.com