MAC PRL Casino Credit Legal System

On Apr. 21, MAC PRL proposed casino games of credit bill.

  • MAC PRL proposed a bill on the legal system of credit for games of chance in casinos.
  • Follows MAC GVT Jul. 2022 republish legal regime for casino operation, see #115819.
  • Document dated Apr. 21, 2023, received from MAC PRL May. 9, summarized May. 10.
  • Bill
  • Stipulates that gaming intermediary and the contractor that have signed a gaming intermediary contract are required to sign a contract for credit business, get approval.
  • Define specifications of the contract including handling of amendment and termination.
  • No longer allow management company to represent contractor engaging in credit business in casinos by signing contract with contractor.
  • Stipulate the supervision, authorities of government agencies and penalty system.
  • Proposed effective date to be Jan. 1, 2024; abolish 5/2004 law at the same time.
  • Effectiveness
  • The bill will be discussed in MAC PRL on May 18, 2023.
  • Apr. 2, 2024 Bill Revised
  • On Apr. 2, 2024, MAC PRL published a revised bill, and signed an opinion letter on it.
  • Added provisions re termination of the qualification to engage in credit business.
  • Gives the Chief Executive discretionary authority to terminate the qualification of the contracting company to engage in credit business based on significant public interests.
  • The bill will be discussed and voted on Apr. 11, 2024.
  • Document dated Apr. 2, 2024, received from MAC PRL Apr. 5, summarized on Apr. 9.
  • Apr. 22, 2024 Gazette
  • On Apr. 22, 2024, MAC GVT published the Law on casino games of credit in gazette.
  • The law will be effective from Aug. 1, 2024.

Regulators MAC PRL
Entity Types Corp; Gambling
Reference OG 7/2024, 4/22/2024; Bill 4/VII/2024, 4/2/2024; PR, 4/21/2023
Functions Compliance; Legal; Operations; Risk
Countries Macao (SAR)
Products Corporate; Loan
Regions AP
Rule Type Final
Rule Date 4/21/2023
Effective Date 8/1/2024
Rule Id 172016
Linked to Rule :115819
Reg. Last Update 4/22/2024
Report Section International

Last substantive update on 04/24/2024