Tag Archives: junket operators
- Macau casinos extend revenue winning streak to one year
August 1, 2017
Macau casinos have now grown their gaming revenue for 12 consecutive months, as VIP gamblers continue to migrate back to their traditional home. Figures released Tuesday by Macau’s Gaming Inspection and Coordination Bureau (DICJ) show July’s gaming revenue hitting MOP 23b (US $2.86b), a 29% gain over the same month...
- Macau junkets seek higher capital reserves for new operators
July 18, 2017
Macau casino junket operators should be required to maintain significantly higher capital reserves to keep pace with the resurgent VIP gambling market and ensure investor confidence, according to a local junket rep. On Sunday, Macau broadcaster TDM featured an interview with Kwok Chi Chung, the head of Macau’s Association of...
- Sell everything and check back in September
Traders who have played the markets for a very long time tend to believe that news does not move markets long term. Though I have not played this game for very long, I do believe that news is mostly irrelevant. News may wiggle markets, but unless it is some sort...
- Jimei junking junkets for film biz; Duterte targets Jack Lam buddy
June 30, 2017
Casino junket operator Jimei International Entertainment Group is branching out into the world of cinema now that its gaming operations have dried up. On Wednesday, Jimei alerted the Hong Kong Stock Exchange that the company had hired noted film director F. Gary Gray “in relation to the development and production...
- Jimei International scraps Macau junket talks, mulls name change
June 21, 2017
Junket operator Jimei International Entertainment Group Ltd has scrapped talks to participate in a Macau casino VIP gambling operation. On Wednesday, Jimei informed the Hong Kong Stock Exchange that it had terminated negotiations to indirectly participate in a profit sharing deal with a Macau VIP gaming promoter. The filing didn’t...
- Donaco inks junket deal to boost Star Vegas’ VIP gambling
June 16, 2017
Casino operator Donaco International has enlisted the help of more junket operators to boost VIP gambling traffic at its flagship Star Vegas casino in Cambodia. On Friday, Donaco informed the Australian Stock Exchange that it had signed a contract with ‘international casino market agency’ Vivo Tower Limited to broker deals...
Newest Cambodian casino was NOT built in Thailand nat’l park
March 21, 2017
New Cambodia border casino sparks trade war with Thailand
April 19, 2017