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HomeNewsDaily Asia Gaming eBrief: Macau/China policy dictating junket legislation: expert

Daily Asia Gaming eBrief: Macau/China policy dictating junket legislation: expert

Good Morning. Macau’s shift to effectively eliminate junkets and control credit-issuing options is strongly in line with the policies that both the Macau and mainland Chinese government are after, notes an expert. But the policy means that Macau will never again reach the peak it previously achieved. Meanwhile, Galaxy and MGM battle it out for market share, but note the pie is big enough for everyone. However, behemoth Sands China marked a comeback in the first quarter, aiming to capitalize off of its scope.

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Junket credit ban aligns with China policy: expert

The moves to rein in junkets in Macau are consistent with an overall policy to control the industry, notes industry expert Fredric Gushin. Rampant practices by the operators previously, including side-betting, led to the overall crackdown, including the mandates that junkets no longer control their own cages. The expert notes that Macau’s GGR will continue to grow despite the absence of gaming promoters but that it will never again reach its peak.

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AGBrief Editorial
AGBrief Editorial
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.