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Philippines remains on FATF gray list, junkets a continued concern

The Philippines remains on the Financial Action Task Force’s (FATF) gray list after its latest review, with the anti-money laundering body continuing to express concern over monitoring of casinos and junkets.

Macau’s top court rules operators/junkets jointly liable 

Macau’s Court of Final Appeal has ruled that operators and junkets are jointly liable for client deposits in all nine cases presented before the court. 

ARF finds 61% of online gambling sites illegal, with junkets fuelling growth

Global online gambling is booming, although a major new analysis has found that about 61 percent of online betting sites are effectively operating illegally, especially in Asia, where junkets are playing an increasing role. 

Your Daily Asia Gaming eBrief: Macau labor woes in focus as junkets/satellites shed staff

Labor has been an issue in Macau both in good times and bad. With virtually zero unemployment prior to the pandemic and restrictions on importing employees, staffing costs were notoriously high.

Macau labor woes in focus as junkets/satellites shed staff

Macau’s efforts to diversify its economy and tourism base are being hampered by employment issues, which may get worse as operators come under pressure to absorb workers shed from satellite casinos and junkets. 

Macau law on junkets/satellites passes first reading

A law to cover Macau's junket industry, sub-agents and satellite casinos has passed its first ready in the Legislative Assembly, with only one vote against the bill.

Junkets and sub-agents to operate with tighter rules under new bill

Future junkets in Macau will be subject to stricter licensing and probity requirements and operational flexibility,including only being able to do business with one gaming operator.

MGM China, Wynn Resorts confirm no junkets since December

Macau casino operators MGM China and Wynn Resorts have confirmed through their latest annual reports that they have ended all cooperation agreements with gaming promoters (junkets) in Macau since December 2021. 

LVS confirms it ended agreements with three junkets in 2021

Las Vegas Sands, the parent company behind Sands China has confirmed it had terminated its agreement with three of its primary junkets in December 2021. 

Employment concerns may save junkets, satellites

Junkets have survived in Macau’s amended gaming bill and satellite casinos are likely to continue to be a part of the landscape due to the government’s concern about local employment, says Alidad Tash.