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
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AGB Intelligence
FACE-TO-FACE
What will Macau do with all that VIP space? [Video]
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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