DEATH OF A SALESMAN? THE NEW JUNKET REGULATION AND PRACTICE IN MACAU

Abstract

THIS REVIEW ARTICLE IS AMONG THE FIRST TO EXAMINE THE NEW JUNKET REGULATIONS IN THE MACAU GAMING INDUSTRY. PARTICULAR EMPHASIS IS ON THE LEGAL AND REGULATORY FRAMEWORK GOVERNING THE JUNKET ACTIVITY OF GAMING PROMOTERS AND THEIR ASSOCIATES. THE RECENT CHANGES TO MACAU GAMING LAWS HAVE RESULTED IN STRONGER LICENSING REQUIREMENTS FOR LOCAL JUNKET PARTICIPANTS AND PRECIPITATED THE COLLAPSE OF THE VIP ROOM SYSTEM IN CASINOS. FURTHERMORE, THIS ARTICLE HIGHLIGHTS THE POLICY AND MANAGERIAL IMPLICATIONS OF THE CURRENT JUNKET ENVIRONMENT FOR THE GAMING INDUSTRY IN MACAU AND POSSIBLY OTHER REGIONAL GAMING JURISDICTIONS. THE EFFECTS OF THE NEW LEGAL ENVIRONMENT FOR MACAU JUNKETS COULD ALSO PROVIDE INSIGHTS INTO THE IMPLEMENTATION OF SIMILAR LEGISLATION IN OTHER JURISDICTIONS.