Tag Archives: junkets
- Macau junkets close out 2015 with two more entries in criminal scrapbook
December 30, 2015
Macau casino junket operators capped off their annis horriblis with a couple more incidents for the 2015 criminal scrapbook. Last week, Macau’s Judiciary Police arrested a man who stole $157k from his junket partner in October 2013. The Macau Daily Times reported that the suspect admitted his guilt in the...
- Jimei Group junket reportedly closes another Macau VIP room
October 29, 2015
Macau’s beleaguered junket industry took another hit this week on reports that yet another junket operator was downsizing its VIP gaming activity. On Monday, the Chinese-language newspaper Economic Journal reported that Jimei International Entertainment Group had closed one of its VIP rooms at the Wynn Macau casino. Jimei has also...
- Macau: Beware Governments Bearing “Helpful Policies”
October 6, 2015
It’s a gambit to start out a column by pouring cold water on potentially good news with negative shock value, but after a huge red hot Macau stocks rally which brought Wynn up 23% in a single day, some cold water may be needed. Earlier this week, Beijing’s point man...
- Macau’s ‘giant’ junkets on the way out, analyst says
September 29, 2015
Junket operators in Macau are packing their bags, thanks to negative headlines and fears of theft in the city state. Grant Govertsen, analyst at Union Gaming Securities Asia Limited, believe the VIP story in Macau will continue to decline as more operators seek “safer” investment opportunities outside Macau following the...
- Junket Neptune Group considers shutting down VIP business
September 28, 2015
Macau junket operator Neptune Group has posted a net loss of HKD828 million ($103m) for the fiscal year ended June 30 due to the “spectacular slowdown” in the local VIP gaming industry. According to its filing with Hong Kong Stock Exchange on Friday, Neptune Group Ltd’s gaming revenue is down...
- Macau gaming regulator to revise junket regulation
September 22, 2015
Macau gaming regulator said that it would revise junket regulation, implementing tighter rules on accounting and auditing. Macau’s Gaming Inspection and Coordination Bureau (DICJ) said Monday that the revision on the Administrative Regulation No. 6/2002, which regulates the conditions and procedures for issuing a license to junket operators, will focus...
Parisian Macao battling Legionnaires’ Disease outbreak
April 25, 2017
Execs to take on blockchain at iGaming Asia Congress 2017
March 21, 2017