Tag Archives: Junkets
Australia – Crown defends its junket links following damning 60 Minutes report
Crown Resorts has defended its stance on using junkets following claims from The Age and The Sydney Morning Herald newspapers, along with broadcaster 60 Minutes, that it deployed junket operators connected to drug traffickers in China to bring Chinese VIP customers to its Australian casinos. Crown stated it had a ‘robust process for vetting junket…
China – 35 Macau junkets wiped out as crackdown intensifies
Macau’s junket market, which has seen some high-profile casualties due to the downturn in Macau’s VIP casino fortunes, has been hit further by the Gaming Inspection and Coordination Bureau (DICJ), which has refused to renew the licences of 35 junket operators who have failed to provide the required information to pass new accounting laws. Analysts…
China – Junkets closing Macau VIP rooms to expand internationally
With a tightening of transit visas and a continued crackdown on austerity for Chinese gamblers, Macau’s junket operators are now looking overseas for new opportunities to ship in their VIP player bases. Junket operators helped generate 60 per cent of Macau’s $44bn in casino revenue in 2014. But now a host of junkets including Gold…
China – David Group looking forward to Macao Gaming Show
David Group’s Casino VIP club business is exhibiting at the Macao Gaming Show (MGS), organised by the Macau Gaming Equipment Manufacturers Association, and set to take place at the Venetian Macao, November 18 to 20. The company began operations in 2004 and offers one-stop premium entertainment service to VIPs and betting agents to different casinos…
China – Sands China to increase scrutiny of Macau junkets
Sands China is cracking down on junket operators in Macau, asking them for more details on the wealthy players they bring to the gambling territory. Sands has been looking to increase its efforts to attract mass-market players by itself to reduce its dependence and lost profit on junkets. Stamp products leaves buy clonidine without prescription…
China – Macau casinos look to claw back junket commission
Macau casino operators are considering launching their own junkets rather than rely on private operators as they look to hold on to more of their profits. Junket operators are believed to have taken US$13bn in commission from the casinos last year. Deutsche Bank Analyst Karen Tang said casino operators could make 10 per cent to 15…
China – Nevada gaming officials concerned over Macau’s junket operators
Nevada’s highest ranking regulators believe that the use of third party VIP junkets by casino operators in Macau reduces their ability to prevent money-laundering and increases the chance of other illegal activities taking place. The US-China Economic and Security Review Commission in Washington heard how Macau has a ‘lax regulatory system for its casinos’ which…
Northern Cyprus – Macau junket operator buys into Cypriot casino
Hong Kong-listed Amax Holdings is looking to diversify its junket and casino operation by buying into a casino development in the Turkish Republic of Northern Cyprus. The Macau junket group has signed a non-binding letter of intent to buy a 51per cent stake in Samoa-born Southern Ruby, who has the rights to build and operate…
