Macau Golden Group terminates VIP business: Report

SJM, macau

Macau Golden Group has become the latest junket operator to terminate its operations in Macau, a move which came into effect on March 30. 

In a Sunday memo sent to staff, obtained by local media group GGRAsia, the junket firm said the decision was made following “careful consideration”.

This decision by Macau Golden Group was later confirmed by the Gaming Inspection and Coordination Bureau via email. 

Macau Golden Group operated VIP rooms on behalf of SJM Resorts, though it is not confirmed how many gaming tables and rooms were operated by the firm. 

In a recent annual report from former rival junket operator Suncity Group Holdings, the firm acknowledged that the VIP business in Macau “has already gone.”

“There is a fairly limited supply of VIP gaming facilities to cater to high-end demand since Macau has virtually left the VIP junket business,” it said.

Felix is the Asia Editor and Events Director of the Asia Gaming Brief. He has over a decade of experience developing conferences for industries including gaming, telecoms, investment, biotechnology, and mining. He has developed some of the most well-known conferences for the Asian gaming industry, most recently being the ASEAN Gaming Summit, the Australasian Gaming Seminars, and the Mekong Gaming Summit. Felix covers gaming technology and innovation and is passionate about developing engaging and eye-catching content for the industry.