The Macau Association of Gaming and Entertainment Promoters – a trade organization for the Macau government-licensed firms that lend stake money to VIP gamblers visiting the city – says it is “not giving up” its plan to establish a central credit database to track credit issued to individual players. The association wants to press forward despite having no feedback from the government regarding approval for the scheme, and after spending months preparing the project.
The risk of bad debt is a constant problem for the Macau junket sector, especially for the smaller licensed gaming promoters that may not have a player pool large enough to maintain steady capital liquidity in the event of player defaults. There have been anecdotal reports of players already blacklisted by one gaming promoter due to credit default, then registering with another and gaining fresh credit. This was said to be possible because junket organisations were not always sharing intelligence on such matters.
Kwok Chi Chung, president of the association, told GGRAsia his group was still waiting for a response from the city’s Personal Data Protection Office regarding the credit database proposal and when it might be permitted to launch.
Source: GGracia
