Junket commission cap stays same

Staff reporter

The highest junket commission rate will remain capped at 1.25 percent of the total net rolling amount from January, the Macau administration announced.

And casino junket operators that take in the world's biggest gaming hub will each need to pay a guarantee of 1.5 million patacas (HK$1.45 million ) to renew their licenses or to apply for new ones.

The Macau Legislative Assembly this month passed a bill regulating the SAR's junket operators. That will go into effect next month. Secretary for Economy and Finance Lei Wai-nong noted at the time that while the junket commission rate was 1.25 percent the administration was open to a change in the rate.

Meanwhile, shares of Macau casino stocks listed in Hong Kong continued to rally on Beijing's widespread easing of anti-pandemic rules.

Sands China (1928) rose 1.6 percent while Galaxy Entertainment (0027) went up 2.1 percent.