|
|
Edited by Ritu13 at 22-12-2023 01:39 PM
On November 3, the Legislative Council's Second Standing Committee held a meeting to analyze and discuss the "Legal System of Credit for Lucky Gambling in Entertainment Venues." The meeting was attended by the Financial Secretary, Paul Chan, and the Director of the Betting and Lotteries Commission, Raymond Tam.
The Chairman of the National People's Congress, Chen Zewu, stated during a media briefing that the meeting primarily focused on the credit entities and regulatory aspects. The government expressed its commitment to incorporating the feedback from the meeting and submitting a new draft as soon as possible. They aim to pass the l
According to this legislation, only approved companies that have contracts with betting intermediaries and engage in credit activities within entertainment venues can obtain credit qualifications. Chen Zewu also mentioned that the committee is concerned about the scrutiny and supervision of banks for account opening and deposit funds by betting intermediaries, as well as whether these intermediaries would require relevant licenses after obtaining approval under the new legislation.
The legislation governing gambling is expected to be passed within this year and implemented from January 1 of the following year. |
|
Post time 9-11-2023 09:50:54