CASINO

Macau Roosevelt Hotel finds new business partner

TAGs: junket operators, Macau, Macau Roosevelt Hotel, tak chun group

Since May 23, Macau junket investor Tak Chun Group (TCG) has been operating as a VIP gambling partner of the Macau Roosevelt Hotel’s casino. The partnership was confirmed by TCG in a phone interview with GGRAsia. The group now operates 16 VIP gaming clubs across the city.

Macau Roosevelt Hotel finds new business partnerThe new VIP club offers 11 gaming tables in five different rooms. The casino is licensed under casino operator SJM Holdings and is officially called the Casino Jockey Club. SJM retained the name when the gambling operations were moved from a nearby horse racing track.

In March, the CEO of TCG, Vincent Li, announced that the company anticipates launching another Macau VIP club at the MGM Cotai resort. The moves are all part of the firm’s plan to continue expansion both inside of Macau, as well as internationally.

TCG has two VIP clubs in Manila—one at Melco Resorts-operated City of Dreams Manila and the other at the Solaire Resort and Casino, which is owned and operated by Bloomberry Resorts. In addition to the MGM Cotai club, the firm also opened a VIP club at the Okada Manila casino resort in March.

The firm has been busy with expansions lately, adding a new VIP gambling facility at the Crowne Plaza Danang resort in Vietnam in April. Earlier in the year, it announced another new VIP gaming club, this one at the Sands China’s Plaza Macao casino. In its portfolio, TCG now operates 20 VIP facilities spread across the Asia-Pacific region, all carrying the company brand. In February, the firm announced that it had experienced almost 30% growth last year, but didn’t specify if this was in reference to revenue or gambling turnover.

The new VIP club at the Macau Roosevelt could be tied to the exit of the David Group, another junket investment group. The David Group gave up its operations at the casino in October 2017. A spokesperson for the company said at the time, “Due to consideration of our business development needs, which are to optimise our management and integrate our resources, our company has decided to cease the VIP gaming operation at the Macau Roosevelt Hotel after some analysis.”

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