The IRs are here already and as long as the clients are not organized to come (by operators or promoters), it is a normal operation. This way, the line is drawn so that everyone is clearer,”<\/strong> said Edmund Loi.<\/p><\/blockquote>\nBy changing how the junkets operate, Macau’s gaming operators can show the city (and, in turn, China) that it is addressing concerns about capital movement. Loi expects that the industry will reduce its reliance on VIPs and increase non-gaming components. This will also appease government officials.<\/p>\n
He adds, “Countries like Singapore, Thailand, Malaysia, South Korea, and Japan are not opposed to cross-border gambling. The ways for junkets are not completely blocked, as long as they stay away from mainland China. I think the bottom line is very clear.”<\/p>\n
Loi is also optimistic that Macau will rebound in 2022. The city added 44% to its 2020 revenue figures in 2021, and this year could bring more. He calls the Macau gaming market the “most promising.” He explains, “The reason I’m optimistic about Macau is because I cannot find any better place.”<\/p>\n","protected":false},"excerpt":{"rendered":"
With casino junkets possibly looking at the end of their run in Macau, the revenue they once provided will be dramatically reduced. The government anticipates an almost 80% loss from the segment in fiscal year 2022. Junkets have been a regular part of Macau’s gambling industry for years, but that abruptly changed late last year. […]<\/p>\n","protected":false},"author":64,"featured_media":196968,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,62],"tags":[],"acf":[],"yoast_head":"\n
Macau to See 80% Drop in Tax Revenue as Junkets Exit - Casino.org<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n