Tag Archives: junket
China – Shrinking junket business is good for Macau’s stability
Brokerage firm Sanford C. Bernstein has given its view on the demise of Macau’s casino junkets with the prediction that between 15 and 30 per cent of junket VIP customers will become premium mass segment players while others will become VIP players for the casino, meaning casinos will make more money from them by cutting…
China – Chips down for Iao Kun Group in Macau’s VIP sector
Revenues for VIP gaming promoter Iao Kun Group Holding Company were down by US$0.32bn, or 36 per cent year-over-year in April as growth in Macau’s VIP sector continued to slump. Win rate for the month of April 2016 was 3.95 per cent. For the first four months of 2016, IKGH’s Rolling Chip Turnover was US$1.52bn…
China – Wynn rocked by inside junket job
Hong Kong-based investment bank Daiwa Capital Markets has informed that up to $US258m has been stolen from a VIP room operator in inside Wynn Macau. Wynn Macau’s shares fell by nine per cent on the news casino. Daiwa said: “Staff at Dore Holdings, a VIP room operator in Macau, have allegedly fled with between HKD200m…
Cambodia – Heng Sheng to bring VIP’s to Donaco’s StarVegas
Donaco International has signed an agreement with Heng Sheng Group, one of Macau’s leading VIP gaming promoters, to bring its VIP players to the Star Vegas Resort & Club. Heng Sheng Group was established in Macau in 2011, and provides dedicated services to its members in the form of gaming options and leisure travel. The…
China – US union calls for action over Macau’s junkets
The International Union of Operating Engineers (IUOE), a US-based trade union, has sent a communication to Wang Qishan, Head of the Chinese Communist Party’s Central Commission for Discipline Inspection (CCDI), to highlight flaws in Macau’s regulation of the VIP junket system. Gaming promoters are licensed in Macau to recruit and often provide credit to high…
Australia – Macau junket signs up with Crown in Perth and Melbourne
Macau-based VIP room gaming promoter Iao Kun Group Holding is to start providing VIP players to the Crown Perth Casino in Perth, Australia and for the Crown Melbourne Casino in Melbourne, Australia. The junket group has entered into a non-binding memorandum of understanding whereby it will acquire all of the profit interests of Lou Kan…
