As you can recall, there was a proposal made by the Macau Game Inspection Coordination Agency (DICJ) in 2016, which raised the amount to 10 million MOPs (US$1.25 million). The proposal was even braver this Sunday, as Kwok gave the idea of raising the reserve fund to 50 million MOPs (US$6.2 million).파워볼사이트

The move is considered because it will ensure that new junkets will gain ground in Macau’s ever-changing VIP gambling market. It also explained that requirements for capital increase are needed because many Macau junkets are handing over billions of patacas every month. Kwak made it clear that some 120 registered junkets who survived the most recent downturn in the Macau gambling industry will not be affected by changes in any way.

On the contrary, the new call to maintain more capital reserves could potentially prevent more dreamy junkets from making plans in the future to participate in the world’s fastest-growing gambling hub, the giant gambling industry. Two years ago, the sector suffered a crisis because many investors lost confidence in the market’s credibility. All of this was triggered by a lack of liquidity and a number of internal theft scandals that led to a sudden collapse of a number of casino operators.

Another important thing is that his group proposed to Macau’s Game Inspection Coordination Bureau to require more demands and licenses for Junket partners. These officials help new VIP gambling enthusiasts join and handle both credit and gambling debt payments. The move aims to further strengthen security on-site and in particular in the VIP sector.