Las Vegas Sands, the parent company behind Sands China has confirmed it had terminated its agreement with three of its primary junkets in December 2021.
Alvin Chau, one of the most prominent figures in Macau’s gaming industry, was arrested and detained by Macau authorities at the end of November, just hours after an arrest warrant was issued for his arrest in China. He was accused of organizing illegal gambling and money laundering.
The arrest sent shockwaves across the industry, leading to a number of Macau’s gaming concessionaires to close their VIP rooms and end agreements with their VIP gaming promoters.
Sands said the decision was consistent with the overall market in Macau.
Other gaming concessionaires closing their junket rooms include Wynn Macau and Melco Resorts.