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Casino regulators to impose $1,000 fee for junket license
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Posted on Sep 15 2015
The Commonwealth Casino Commission’s recently adopted “junket regulations” sets a license fee of $1,000 on operators who wish to bring in “high-rollers” to gamble at the Saipan casino.
“The next step in this process is to file the regulations via emergency adoption and also publication through the Commonwealth Register for public comments, which we plan to complete sometime this week,” casino commissioner executive director Edward Deleon Guerrero told Saipan Tribune yesterday.
According to junket regulations, copies of which were obtained by Saipan Tribune yesterday, the junket operator license will be valid for a period of two years unless revoked by the Commonwealth Casino Commission. It will cost $1,000 to renew a license.
Best Sunshine International, Ltd—which owns the Saipan casino—must also pay 0.01 percent of the rolling volume generated under and pursuant to the terms of the junket agreement as a regulatory fee.
According to regulations, Best Sunshine must keep a log of the junket representatives registered by the junket operator and make this available to the casino commission.
The regulations also define several restrictions.
Best Sunshine cannot, under the junket regulations, offer or provide complimentary cash, chips, wagering credits or instruments to any “restricted person” at any time.
“Restricted person” means any Commonwealth board member, officer, or employee.
Best Sunshine can offer or provide complimentary room, food, beverage, transportation, or non-wagering entertainment expenses to restricted persons if such good, service, or discount is offered to all members of the general public in similar circumstances.
