Good Morning. Junkets are shifting their focus away from mainland China, finding it easier to source and retain clients from Hong Kong. The benefits are multiple, with fewer hassles and easier rewards, as Macau’s regulations start to hinder credit possibilities. Also in Macau, Ponte 16 is looking to stay afloat, as it explores plans for a floating casino.
What you need to know
- Junkets shifting their focus away from mainland Chinese clientele, and looking more to the Hong Kong market.
- The operator of Ponte 16, Success Universe, is looking into possibilities of purchasing a floating casino.
On the radar
- IGT considering the sale of Global Gaming and PlayDigital businesses.
- Maybank trims Genting Malaysia’s earnings estimates.
- MGM Resorts rises in Forbes Global 2,000, ahead of LVS and Galaxy.
AGB Intelligence
JUNKETS
Junkets shifting focus market to HK
Macau’s junkets are getting smart, shifting their focus away from mainland China and dialling in on an easier, and close market: Hong Kong. With fewer issues and higher returns, junkets aim to stay afloat in an environment that is increasingly veering against them. New legislation is proving tough to navigate, with many operators choosing to shut their operations entirely.
Industry Updates
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- Kambi wins sports betting innovation of the year at EGR B2B Awards.
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