Good Morning. As much as Macau evolves, it always needs VIP. And the market is returning, as players flood back to the market. Junket operators are happy to see the change. But how long will it last? And which junkets will be left standing? Also in Macau, Emperor’s satellite casino continues to yield, but revenues are down, as it banks on the tourist swarm.
What you need to know
- VIP is seeing a resurgence in Macau, as operators and junkets fight for their revenue streams.
- Emperor continues to have high hopes for Macau, despite drops in revenue, as it aims to leverage the city’s boom.
On the radar
- Crown compensates employees over $803k wages error.
- Macau received 350k visitors during Dragon Boat festival.
- Zhuhai builds Gongbei–HKZM checkpoint link.
The few remaining junket operators in Macau are banking on a resurgence of punters, as Macau continues its upwards trend through 2Q23. But expectations are for VIP play to continue to ramp-up, with junkets aiming to reassert their place in Macau’s gaming scenario. No matter what, the house wins.
- Genius Sports extends data deal with English Premier League.
- StarGames is proud new sponsor of Hannover 96.