Search Results for: "macau junket"

Premium-mass likely to be the new habitat for many Macau junket operators

December 15, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, Macau, Mergers, Acquisitions & Partnerships

Up to 30% of junket business in the casino hotspot of Macau may reportedly soon abandon the more traditional high-value VIP segment of the market to be concerned solely with a clientele more interested in premi...

Cancellation blow for Macau junket giant Tak Chun Group

Adam Morgan

December 8, 2021

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Employment & Careers, Licenses, Macau, Mergers, Acquisitions & Partnerships, Crime

Asian junket operator Tak Chun Group has reportedly confirmed that the lucrative cooperation agreements it held with Macau’s collection of six licensed casino operators have been unilaterally cancelled. Acco...

Second-quarter employee redundancies for Macau junket firms

Adam Morgan

July 28, 2020

Casino News, Latest Casino and Gambling News, Gaming Industry News, Casino closures, Economy/Finance, Employment & Careers, Macau

In Macau and the number of people employed by the enclave’s many casino junket operators reportedly dropped by around 5,200 during the three months to the end of June to approximately 82,300. According to a ...

Macau junket firms launch VIP operations in Sihanoukville

Adam Morgan

May 7, 2019

Gaming Law & Legislation, Cambodia, Casino News, Latest Casino and Gambling News, Casino openings, Mergers, Acquisitions & Partnerships

Two of Macau’s most prominent junket firms have reportedly recently established VIP-facing operations inside a small casino situated within a new beachfront resort located in the southern Cambodian city of Siha...

Macau junket operator announces proposed name change

Adam Morgan

August 28, 2017

Latest Casino and Gambling News, Macau

After terminating an agreement with Macau casino operator Sands China Limited in July, junket operator Neptune Group Limited has now reportedly announced that it plans to change its name to Rich Goldman Holding...

Macau junket association leader calls on government to tighten requirements

Adam Morgan

July 20, 2017

Latest Casino and Gambling News, Gaming Law & Legislation, Macau

In Macau, the leader for the trade organization that represents the city’s many junket operators has reportedly called on the government to increase the minimum cash requirement a firm must obtain in order to b...

Macau junkets audit expected by August

Lars Jones

May 17, 2017

Latest Casino and Gambling News, Gaming Law & Legislation, Money Laundering, Macau

Some of the 40 VIP gambling promoters accounts that have been reviewed by Macau's casino regulator so far have proved to have faults, but the severity of the issue is not clear yet. Macau’s Gaming Inspection...

Macau junket promoter declared bankrupt

Lars Jones

March 24, 2017

Latest Casino and Gambling News, Macau, Bankruptcy

In September, beleaguered Macau junket investor Iao Kun closed three VIP rooms in the special administrative region. Two of the rooms were located on Galaxy Entertainment Group (GEG) properties; one at StarWorl...

Macau junket operators plan to launch central credit database

Adam Morgan

December 27, 2016

Latest Casino and Gambling News, Technology, Data Protection, Macau

The Macau Association Of Gaming And Entertainment Promoters has reportedly established a central database that is capable of tracking the credit issued by local junket operators to individual players. Accord...

Macau Junket Association looking to set up centralized credit database by Jan 1, 2017

Renee Kingsley

November 18, 2016

Gaming Law & Legislation, Latest Casino and Gambling News, Macau

The recently concluded Macau Gaming Show 2016 brought together some of the key junket operators and executives in the industry who shared their future plans and addressed market concerns. The most important ann...

Tigre de Cristal casino in Siberia sees exponential growth with Macau junkets

Renee Kingsley

October 14, 2016

Latest Casino and Gambling News, Casino expansion projects, Economy/Finance, Russia

Summit Ascent Holdings, the company that operators the Tigre de Cristal casino in the Russian Far East has reported exponential growth at the casino during the first six months of 2016. The report which was pu...

Macau junket operator closes fourth VIP room and lets South Korea casino purchase lapse

Adam Morgan

October 5, 2016

Latest Casino and Gambling News, Macau, Mergers, Acquisitions & Partnerships

After announcing last month that it had closed its high-roller operations at the Sands Cotai Central, the StarWorld Casino And Hotel Resort and the Galaxy Macau Casino, VIP junket operator Iao Kun Group Holding...

Macau junket operator reports steep decline in rolling chip turnover

Martin Chua

September 23, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

After closing its high-roller operations at the Sands Cotai Central, the StarWorld Casino And Hotel Resort and the Galaxy Macau Casino earlier this month, VIP junket operator Iao Kun Group Holding Company Limit...

Macau junket operator facing lawsuit following closures

Martin Chua

September 16, 2016

Latest Casino and Gambling News, Macau, Fines, Lawsuits & Litigation

In Macau, VIP junket operator Iao Kun Group Holding Company Limited could be facing a lawsuit after recently announcing that it had closed its high-roller operations at the StarWorld Casino And Hotel Resort and...

Macau junket operator expects to remain in the red

Martin Chua

August 9, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Continuing pressure on its business in Macau has seen VIP junket operator Neptune Group Limited announce that it expects to remain in the red for the twelve months to the end of June. The Hong Kong-listed firm...