Uncategorized
Vote on Macau Junket Bill to Take Place This Month
Macau’s new junket law is expected to be presented to the Legislative Assembly for its final vote on December 15, after the body debating its conditions signs off on its opinion on December 9.
According to reports, the bill will prohibit junkets, agents or management companies from receiving funds for gaming purposes, subject to administrative penalty, if the funds are not intended for gaming purposes, those involved can face criminal penalties.
Under the new bill, junkets and agents will have to open accounts with the gaming concessionaires, where they can deposit gaming-related cash and chips. However, the funds must be owned by the junket or agent.
Gaming concessionaires will be able to open individual accounts for players to deposit funds and chips, but all transactions must be documented and comply with anti-money laundering legislation.
The new law defines a two to five-year prison sentence for illegal acceptance of deposits.
Under the new junket law, junkets will only be allowed to operate with one of the six concessionaires, while all junket applications will be decided on by the Secretary for Economy and Finance, whereas previously these were handled by the gaming watchdog (DICJ).
The current 46 license junkets are expected to be able to maintain their licenses after the new gaming concessions come into effect on January 1, provided they sign an agreement with a concessionaire. Only companies will be able to obtain junket licenses, whereas previously individuals could also register as junkets. The companies will be required to prove at least MOP10 million ($1.24m) in share capital.
After 2024, the government will decide if it wants to alter the overall number of junket operators in Macau, according to its plans for the development of the gaming sector.
Powered by WPeMatico
Uncategorized
Quantum continues expansion streak with two director-level new hires
Reading Time: 2 minutes
One of betting and gaming’s best-known customer acquisition and comparison businesses, Quantum, has announced the next steps in its ambitious growth plan by welcoming two new director-level appointees.
Joining the business are Dimitris Papamichael as commercial director and Luke Watkin as marketing director – both in newly created roles. They come in alongside a full C-suite and a full team of new tech hires that continues a recruitment drive which began in 2023 – and reflects Quantum’s rapid and consistent growth throughout the last five years.
Papamichael will be responsible for all revenue-generating activities across the business in a pivotal leadership role. He’ll shape Quantum’s commercial strategy as the company diversifies into new verticals while maintaining its strong position in the iGaming sector. He’ll also lead an expanding team of commercial and sales managers.
Watkin will lead the development and execution of the marketing strategy across all business verticals. As marketing director, he’ll be instrumental in shaping Quantum’s marketing vision, building scalable systems, and delivering commercial impact as it expands into new markets. Watkin will build and mentor a high-performing marketing team and is also tasked with driving further recruitment.
Speaking of the appointments and new strategic direction, CMO James McCarthy said: “It’s a pleasure to welcome Dimitris and Luke to Quantum during what is undoubtedly a really fascinating time in our growth. From cementing our relationship with some of iGaming’s biggest names to helping us expand into exciting new sectors, both of our new Directors will be integral to the continued success of the business.”
Papamichael said: “I’m thrilled to be joining Quantum at such an exciting stage of its incredible growth journey. The company has already achieved so much, and there’s huge potential ahead as we expand into new markets and sectors. I can’t wait to work with the exceptionally talented team here to seize the many opportunities ahead and drive the next phase of growth.”
Watkin said: “I am delighted to join a business with such a proven track record of excellence in its core markets, as well as highly ambitious plans for strategic expansion into new markets and territories. I am looking forward to contributing towards building on the exceptional progress the team has made to date, and accelerating that growth in the years ahead.”
This people news comes hot on the heels of the company’s exciting rebrand news of last week, moving toward the “quantum” in QiH Group” as well as redefining the business’ purpose and strategic direction.
The post Quantum continues expansion streak with two director-level new hires appeared first on European Gaming Industry News.
Uncategorized
FLY AWAY TO FORTUNE WITH ZITRO’S “RAINBOW BIRDS”
Reading Time: < 1 minute
The post FLY AWAY TO FORTUNE WITH ZITRO’S “RAINBOW BIRDS” appeared first on European Gaming Industry News.
Uncategorized
PHP13 MILLION UP FOR GRABS IN PAGCOR’S LINKED BINGO EVENT
Reading Time: < 1 minute
The post PHP13 MILLION UP FOR GRABS IN PAGCOR’S LINKED BINGO EVENT appeared first on European Gaming Industry News.
-
Denmark5 days agoPeter & Sons Expands Its Danish Presence Through Partnership with Spillehallen
-
Trusted7 days agoTrusted Crypto Casinos of 2025: Jackbit Introduces No-KYC Play, Fast Withdrawals & a New Welcome Bonus for Global Players
-
Baltics4 days agoDATA.BET Now Powers Esports for Entain NCE Across Baltics & Nordics
-
Latest News4 days agoReels.io Goes Live with Vegangster’s Next-Gen Video Discovery
-
Latest News4 days ago7StarsPartners Announces the Door to Dubai Promotion, Featuring a Grand Prize: A Luxury Apartment in Dubai
-
Demi Gods VII Ultra Mode4 days agoSpinomenal presents: Demi Gods VII Ultra Mode
-
Limit6 days agoNo Limit Casino 2025: JACKBIT Leads as the No Limit Online Casino for High-Roller Players & 7,000+ Games
-
Latest News4 days agoDive for riches in Relax Gaming release Treasure Tumble Dream Drop



