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The number of licensed junket operators will be capped at 50 in 2024

Macao’s six concessionaires have each been given a maximum number of operators they are allowed to work with, with Sands China and SJM allocated the most.

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Macao’s six concessionaires have each been given a maximum number of operators they are allowed to work with, with Sands China and SJM allocated the most.

ARTICLE BY

PUBLISHED

UPDATED: 21 Dec 2023, 11:09 pm

The number of licensed junket operators allowed to work with Macao’s six gaming concessionaires next year will be capped at 50, according to multiple media reports.

The figure is up from the 36 operators licensed in Macao this year, but still well short of the 100 or so operators before the pandemic.

The news was reportedly made public by the SAR’s Gaming Inspection and Coordination Bureau on Monday. The number of junket agents, meanwhile, has been capped at 250.

[See more: This is what draws the most bets at Macao’s casinos]

Each concessionaire has been given a maximum number of junket partners. For Sands China and SJM Resorts, this is 12 each. MGM China and Melco Resorts have been granted eight each, while five each have been allotted to Galaxy Entertainment Group and Wynn Macau.

However, under a new gaming law that came into effect at the start of 2023, each licensed junket operator can only partner with one concessionaire. 

The new regulations also cap commissions for junket operators at 1.25 percent of rolling chip turnover and require them to pay a monthly 5 percent tax on their commissions. 

 

UPDATED: 21 Dec 2023, 11:09 pm

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