Star Entertainment Group chief executive Matt Bekier has defended the use of junkets, describing their use as a well-established feature of the gaming industry, local media reports.
Bekier made the comments in the wake of an investigation into Crown Resorts for their alleged involvement with underground-affiliated junkets.
“I can’t really talk to what Crown does, I can only do what we do, and I feel that what we do is lawful and is executed in a way that should give us and our investor’s confidence that we are doing the right thing,” Mr. Bekier said.
“I am very confident that we are doing the best we can to run a clean and legal business.”
Earlier today, the NSW regulator announced it would be launching a probe into the sale of a stake in Crown Resorts to Melco Resorts & Entertainment.
The NSW Independent Liquor & Gaming Authority will conduct an inquiry under the NSW Casino Control Act, it said in a news release.
Consolidation of the bases and advancement in adversity was the thrust of Macau Chief Executive’s policy address for 2021, though it gave little away when it came to the current pillar of the economy - the gaming industry.
Gaming suppliers, like all areas of the industry, have felt the pinch from the Covid-19 crisis, though their growing digital businesses have proved a bright spot and helped offset the impact of the crisis.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.