One casino gets bigger another decries competitors

one casino gets bigger another decries competitors

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The Internet betting service commenced on 20 September There are over telephone service terminals and a total of over 38, telebet accounts.

The winning dividend of account holders may at their instructions be automatically transferred to their bank accounts.

Launched in June , the personal betting terminal, FAT Fast Access Terminal offers betting, calculation of bet units, record tracking of bets, account enquiry, withdrawal instructions and other related information on races such as declaration and race-odds.

Close to 1, customers are currently using FAT. These races are held on Mondays, Thursdays, Fridays and weekends starting from 7: The casino industry is viewed by some as harmful to society.

With the growth of the casino industry, a business called "bate-ficha" was developed and it is usually run by different triad societies.

Bate-ficha involves selling customers "dead chips" that cannot be exchanged for cash in the casinos, but only by bate-ficha men or women, who are officially known as "gaming promoters" or "middlemen.

Triad involvement in Macau casinos makes a serious social impact on the local area. It attracts the attention of Chinese gangsters, whose deadly battles over the fortunes to be made from racketeering and extortion in the territory are a continuing problem.

As different triad societies compete for controlled territory in the casinos and on the streets, disputes between societies occur from time to time.

These are often settled in violent ways. Even worse, triad societies have grown so powerful in Macau that there was a trend that people tried to seek help from these societies rather than from the police.

Although the situation has improved since the handover to China, the problem is still entrenched in the local area.

Detailed law is enforced in Macau to ensure "qualified operation of gambling" in Macau. Under Macau law, it stated that a permit issued by the Gaming Inspection and Coordination Bureau is required for the operation of lotteries sales, lucky draw or similar activities, and the initial procedure in the application on the operation of lotteries sales, lucky draw, or similar activities is to submit a notification to the relevant government department ten days prior to the application.

In the Macau legal system, gaming law is not considered as a branch of law in the traditional sense. Instead, it may be considered as a transversal gathering of a range of legal topics more or less directly related to gaming, including constitutional law , administrative law , tax law , company law , contract law, and criminal law.

In this manner, issues of public law as well as private law are of relevance for gaming. The variable part falls on the gross gaming revenue.

In addition, a fixed premium is also payable, plus a premium per VIP table, other table, and slot machine. Gaming promoters pay taxes on commissions received.

From the perspective of contract law, gaming and betting are contracts which may or may not generate civil or natural obligations for the parties.

The matter is regulated in the Civil Code art. The problem is that gaming legislation currently does not provide to this effect.

Regarding credit for gaming , Macau law states since that the granting of credit for casino games of fortune generates civil obligations, which are fully enforceable in Macau courts.

Credit for casino games of fortune is defined as any case where chips are passed on to a player without immediate cash payment of such chips; this is an intentionally broad concept.

Credit for gaming is regulated by Law no. Other criminal law matters are covered by broader laws: Game cheating is mentioned in art.

In addition, general laws on the prevention and repression of money laundering and the financing of terrorism through casinos apply.

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