Singapore legislation
Clause 110
Clause 110
Junkets
(1)
No person shall organise, promote or conduct a junket without a licence granted by the Authority in accordance with the regulations.
(2)
The Authority shall not grant a licence to a junket promoter unless satisfied that the criteria specified in the regulations are met.
(3)
Any casino operator which enters into an agreement with an unlicensed junket promoter to organise or promote a junket shall be liable to disciplinary action.
(4)
The Authority may, by notice in writing, require a casino operator to terminate any agreement with an unlicensed junket promoter within the time specified in the notice, and any casino operator which fails to comply with such notice shall be liable to disciplinary action.
(5)
Any person who contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction ––
in the case of an individual, to a fine not exceeding $150,000; or
in any other case, to a fine not exceeding $300,000,and, in the case of a continuing offence, to a further fine not exceeding ––
$15,000, in the case of an individual; or
$30,000, in any other case,for every day or part thereof during which the offence continues after conviction.
(6)
The Authority may, with the approval of the Minister, make regulations for or with respect to regulating or prohibiting the promotion and conduct of junkets, the licensing of junket promoters, arrangements for premium players and the obligations of casino operators in relation to junket promoters and premium players.
(7)
In particular, the regulations may ––
impose restrictions on who may be approved to organise or promote a junket; (b)prescribe the procedure for applications for the approval of the Authority;
prescribe the fees to be charged;
require the junket promoter or the casino operator concerned to give the Authority advance notice of the junket and to furnish to the Authority detailed information concerning the conduct of and the arrangements for the conduct of any junket;
require any contract or other agreement that relates to the conduct of a junket to be in a form and containing provisions approved by the Authority;
require the junket promoter or the casino operator concerned to give specified information concerning the conduct of the junket to participants in the junket;
require the junket promoter or the casino operator concerned to give the Authority advance notice of any arrangement for premium players and to furnish to the Authority specified information concerning the arrangement;
regulate the conduct of licensed junket promoters and prescribe the disciplinary actions, including a financial penalty not exceeding $400,000, against any licensed junket promoter who contravenes any provision of the regulations; and
provide that any contravention of any provision of the regulations shall be an offence punishable with a fine not exceeding $100,000 or with imprisonment for a term not exceeding 12 months or with both.