Tagged Junket Operators

Philippines casino industry records a successful year

February 20, 2019

Latest Casino and Gambling News, Economy/Finance, Philippines

In the Philippines, last year reportedly saw annual aggregated gross gaming revenues increase by 22.9% year-on-year to top $3.6 billion as the combined figure for the Asian nation’s private-sector casino indust...

New currency rules may negatively impact Macau casinos

Adam Morgan

February 16, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, Economy/Finance, Macau

The local branch of global brokerage firm Sanford C Bernstein and Company has reportedly detailed that it is still too early to tell what impact recently-tightened foreign currency transaction rules will have o...

Tak Chun Group inaugurates MGM Cotai junket service

Adam Morgan

November 1, 2018

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

After launching VIP gambling services for The Plaza Macao and Okada Manila venues earlier in the year, junket operator Tak Chun Group has now reportedly inaugurated a similar venture for the giant MGM Cotai int...

MGM Cotai to begin utilizing junket operators

Adam Morgan

August 22, 2018

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

In Macau, the recently-opened MGM Cotai venue is reportedly going to allow a pair of external junket operators to set up in-house VIP services from next month before bringing in a further trio of such partners ...

Macau records annual decline in number of licensed junket operators

Adam Morgan

January 24, 2018

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

Despite recently recording an over 19% increase year-on-year in annual aggregated gross gaming revenues to in excess of $33 billion, it reportedly seems that the 40 casinos in Macau hit this improved figure by ...

New border currency declaration scheme goes live in Macau

Adam Morgan

November 2, 2017

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

In Macau, yesterday reportedly saw local customs officials begin enforcement of a new compulsory currency declaration scheme that sees all high-value individuals traveling to and from the city required to offic...

Myanmar shadow-state reportedly loses casino patrons from China

Lars Jones

January 22, 2017

Latest Casino and Gambling News, China, Economy/Finance, Myanmar

The remote Wa State in Myanmar, which shares 82 miles (133 km) of frontier with China, once offered Chinese VIPs an out of the way place to gamble large, and still may. Reuters reports that casinos, where the r...

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

Renee Kingsley

November 18, 2016

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

CNMI Casino Commission rejects a number of Junket applications for incomplete information

Renee Kingsley

October 19, 2016

Latest Casino and Gambling News, Northern Mariana Islands, Saipan

Imperial Pacific’s Best Sunshine Live casino on Saipan Island which is a part of the Commonwealth of the Northern Mariana Islands (CNMI) has benefitted significantly from VIP gamblers who have preferred to vaca...

MGM Macau junket operator shuts down VIP room

Sadonna Price

April 25, 2016

Latest Casino and Gambling News, Macau

Local media of Macau, the Macau Business Daily, is reporting that the MGM Macau is no longer offering a VIP room operated by the Cali Group. The Macau junket operator has reportedly shut down another VIP operat...

Junket operators to face more challenges as Macau government proposes one hundred percent rise in capital requirements

Renee Kingsley

April 15, 2016

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

The decline of Macau’s casino industry over the last two years has made it difficult for junket operators to run a successful operation as these middle agents played a key role in bringing VIP gamblers to Macau...

Macau junket operators not interested in setting up services in new Cotai venues

Sadonna Price

March 20, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

With new casinos coming to the Cotai, it would seem that junket operators of Macau would be interested in offering their VIP services in the area. However, this is not the case. Junket operators are having a ha...

Macau’s Jimei Casino CEO Resigns As VIP Slot Room Continues To Struggle

Renee Kingsley

February 23, 2016

China, Macau

Jimei Casino located within the Grand Lapa is one of the smaller casinos in Macau and recently decided to experiment with the concept of launching a VIP Slot room targeting high rollers from Mainland China. Con...

Jimei Casino’s VIP slot room has an average first month in Macau

Renee Kingsley

February 3, 2016

Casino expansion projects, China, Macau

Macau’s Jimei Casino wanted to implement a new marketing strategy to boost its revenues in 2016 by launching an exclusive VIP slot room that would cater to high rollers and enlist the services of junket operato...

Macau junkets to benefit from new app that provides up to date information

Renee Kingsley

February 2, 2016

China, Money Laundering, Asian Casino News, Macau

Macau’s casino industry has been in decline for the last 24 months due to the significant decline of VIP gamblers who have preferred not to visit Macau due to the anti-corruption crackdown launched by Beijing. ...