Lei dos junkets
ap24 The Legislative Assembly of Macau’s approval of gaming credit legislation, which prohibits junkets from extending gaming credit, is viewed as a significant step towards aligning with public policy in China and Macau. Fredric Gushin, managing director of Spectrum Gaming Group In an interview with AGB, industry veteran Fredric Gushin endorsed the legislation, stating, “There are unique issues in China because gambling debts are not legal, making the credit decision more important. The junkets operated in an old-fashioned, underground manner, which was inconsistent with public policy in China, Macau, and indeed the world.” Gushin believes that casinos should be responsible for everything that occurs within their premises, hence “the concept of junkets performing critical casino-related functions is inconsistent with that.” He also noted the cessation of junkets owning the cage (physical cashier counters on casino floors), likening it to the gaming credit legislation. The recent l