Junkets | World Casino News

Studio City’s in-house VIP gaming room to open November 5, junkets from Nov 8

November 2, 2016

Latest Casino and Gambling News, Casino expansion projects, Macau

Melco Crown Entertainment Ltd. (MPEL:US) will begin VIP gaming operations on November 5 at the $3.2 billion Studio City, for which in 2011, the casino operator acquired a 60 percent interest. In an email rep...

Studio City to add VIP gaming rooms

Martin Chua

July 7, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Melco Crown Entertainment Ltd. seems to be set to finally ask permission to open VIP gaming at their previously mass market focused Studio City casino in Macau. Bloomberg, citing anonymous sources as the inform...

Sands China AGM poll nods board re-election, continued course

Martin Chua

May 30, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

The board of directors of Macau casino concessionaire, Sands China Ltd. (HKEx:1928) announced poll results from ordinary resolutions proposed at the annual general meeting held on Friday May 27, 2016. There we...

Sun to shine on Tigre de Cristal after first winter in Siberia

Lars Jones

April 30, 2016

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

Things are looking up for Lawrence Ho's Tigre de Cristal casino near Vladivostok, Russia. Mr. Ho's Summit Ascent Holdings held a soft launch for the first of many casinos to come in the Primorye Integrated Ente...

MGM Cotai plans on focusing on tourist-friendly environment

Marie Kelley

October 6, 2015

Latest Casino and Gambling News, Casino project updates, Macau

MGM Resorts is currently constructing their second casino in Macau. For the MGM Cotai, the company plans on focusing on a tourist-friendly approach rather than on high rollers or career gamblers. The $3 billion...

8 or more Macau VIP gaming rooms close in August

Marie Kelley

September 2, 2015

Latest Casino and Gambling News, Economy/Finance, Macau, Labor Relations

According to Macau Business Daily, a minimum of 8 VIP gaming rooms should be closing, either already having done so in August or soon to be in September. The VIP business of Macau is struggling, leaving junket ...

Macau’s crackdown on underground banking activities will hit struggling casino industry

Renee Kingsley

August 27, 2015

China, Gaming Industry News, Money Laundering, Economy/Finance, Asian Casino News, Macau, Tax Evasion, Crime, Financial Fraud

The anti-corruption crackdown launched by Beijing targeting corrupt officials and VIP gamblers in Macau has been successful due to the fact that it has scared away Macau’s VIP gamblers who were not willing to b...

Wynn Macau loses VIP junket services

Marie Kelley

August 3, 2015

Latest Casino and Gambling News, Macau

Due to the struggling economy in Macau, junkets in the area have decided to stop offering services at the Wynn Macau. According to a recent report by the Macau Business Daily, Entretenimento Sai Tai Wu Limitada...

Cutting out junket operators leaves Singapore casinos with unpaid debt

Sam Mitchell

April 9, 2015

Latest Casino and Gambling News, Casino News, Gaming Industry News, Financial Fraud, Singapore

Grant Govertsen, a Union Gaming Advisors analysts, told media that Singapore’s gaming revenue is down due to the Chinese movement to end corruption. For over a year now Beijing has limited travel and sought to ...

Macau junket leaders looking at Vietnam’s Phu Quoc island

Lars Jones

March 14, 2015

Latest Casino and Gambling News, Casino proposals, World Casino News, Vietnam

Update 3-19-2015: Sun City denies visit. Read More. We reported here on January 28th that the Vietnamese government had given permission for a casino to be opened on Phu Quoc Island, in what is expected to b...

Macau drops in monthly rev. for 3rd month

Junket businesses absorbing huge debt

Neha A.

December 8, 2014

Latest Casino and Gambling News, Asian Casino News

Macau is the largest casino centre in the world, and has had a reputation in the past for making more money than even Las Vegas. Last year the island’s casino industry was estimated to be worth $45 Billion whic...