Good Morning. During last night’s AGB Webinar, we heard a panel of experts discussing the future of VIP and junket play in Macau. The prognosis is not great.
Earlier this month, before all of the Suncity/ Alvin Chau news broke, we spoke with Lee Montaina of Westar Architects about what he expects will happen to the VIP gaming space that will be left abandoned in the wake of dwindling VIP gaming revenue. We expect the trends discussed by Montaina to be even further accelerated.
What you need to know
- Wakayama group garners 20k signatures in bid to force IR referendum
- MGTO’s Macau Week China roadshows attract 1.9m visitors in 2021
- China esports industry tipped to grow by 131 percent in 2021
- Bookings generated by Livestreaming on the rise: Trip .com Summit
On the radar
- Vietnam transport ministry proposes intl flight resumption on Dec 15
- Loss of Macau VIP business a bigger blow to government coffers than operators: MS
- Wynn Resorts appoints Aristocrat’s Julie Cameron-Doe as CFO
- Aristocrat says JKO Play has until Jan. 5th to make a firm bid for Playtech or walk away
What the papers say
- Arrested gang leader accused of human trafficking for Cambodia casinos
- Macau needs non-gaming to attract wealthy young travellers: Trip .com
As Macau continues to shift away from the once-lucrative junket / VIP market, many operators are contemplating what to do with all of their now empty VIP-focused gaming rooms and facilities. Lee Montaina, managing director of Westar Architects International Macau Limited says that while there is no “one-size-fits-all” solution to the problem, all operators will be considering whether to turn the gaming space into a non-gaming space – given the current pressures for diversification in Macau gaming market today.
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