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Asian gambling this it´s how industry has changed

Published date: 2017-08-08
Macau is seeing a resurgence in VIP gaming businesses run by small- and mid-sized junket operators. These firms have opened at least five VIP clubs at the city’s casino resorts between May and July.

Macau is seeing a resurgence in VIP gaming businesses run by small- and mid-sized junket operators. These firms have opened at least five VIP clubs at the city’s casino resorts between May and July.


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“Currently, the business conditions (for VIP gaming in Macau) has improved a lot, hence some of the junket operators have resumed their businesses in the city,” said the president of the Association of Gaming and Entertainment Promoters Kwok Chi Chung.

 

He added that the better-than-expected performance of mainland China’s economy has been positive for the city’s junket business as these operators largely rely on Chinese high rollers. (READ SO: MACAU ANALYZE CHANGES IN TERMS OF TAXES FOR THE NEW CONCESSIONS)

“Many junket operators now have changed for a better business strategy, now they no longer only aim for the very rich clients, which in turn helps to reduce debt collection risk and stabilize their businesses,” told Kwok.


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Macau’s casino gross gaming revenue (GGR) in VIP baccarat segment in the April to June period was approximately MOP35.86 billion (US$4.46 billion), up by 34.8 percent year-on-year.

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