Wednesday, October 21, 2020

Macau junket regulation remains uncertain, H2 recovery: UBS

In its Macau 2015 outlook, UBS notes that the DICJ's reiteration of existing junket registration policies for 2015 implies a continuing stricter policy tone...

Macau VIP rooms closing amid corruption clampdown

Some 50 VIP rooms in Macau may close amid China’s clampdown on corruption, the Macau Daily reported, citing unnamed sources. The rooms have also cut...

Lippo/Caesars consortium buys land for Korea casino

A consortium made up of the Lippo group and Caesars Entertainment said they have agreed to buy plots of land in Incheon, South Korea...

Macau tells junkets to step up scrutiny of agents

Macau regulators are strictly enforcing a rule requiring junket operators to ensure that their agents do not have criminal records, according to media reports. The...

Debt owed to junkets may be close to $13b

The amount of debt owed to Macau’s junket operators may now be as much as HK100 billion ($12.9 billion), Reuters reported, citing an unnamed...

Macau junket model “near broken,” Standard Chartered says

The Macau VIP/junket model that helped fuel growth in the world’s biggest gambling hub now appears to be “near broken,” with no near-term respite...

Junket operators sell Macau flats

Junket operators have begun selling their properties in Macau amidst the slump in VIP revenue, local media reports. The VIP promoters are mostly selling expensive,...

Summit Ascent reaches accord with Macau junket

Summit Ascent, the developer of a gaming property in Vladivostok that will target VIPs from northern China, has signed a deal with one of...

Macau junket operators quit under pressure from Beijing

In another sign of the impact of China’s anti-corruption drive on Macau's casino business, junket operators are quitting the business or moving to other...

Call to extend Macau casino smoking ban

The Macau Gaming Enterprises' Staff Association is urging the government to enforce a smoking ban inside all private gaming rooms in casinos. This comes...