The number of VIP junket groups licensed and operating in Macau dwindles by the day. There were 85 junket organizers at the start of last year. Today, that number is below 40.<\/p>\n
Companies, one after another, are closing shop after Alvin Chau and Levo Chan, two of the biggest names in the junket industry, were accused of running illegal gambling syndicates in the SAR and throughout Asia.<\/p>\n
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Macau Golden Group, one of the oldest junket businesses in the region, announced this week that it, too, will permanently shutter. The entity cited “grievous” consequences should it have decided otherwise.<\/p>\n<\/div>\n
The months ahead will reveal how negatively the ridding of junkets from Macau will be on the local gaming industry. While the VIPs have kept private high-roller rooms bustling for years, casinos have said outside of gaming. Such clients aren’t strong revenue generators in other resort areas. That’s because they’re typically afforded many perks and comps.<\/p>\n","protected":false},"excerpt":{"rendered":"
Macau Judiciary Police revealed during a press conference yesterday that roughly HKD280 million (US$35.8 million) in cash has mysteriously disappeared from junket accounts. Law enforcement detailed that a sub-agent working with multiple junket groups vanished with nearly $36 million in funds belonging to VIP casino accounts. Macau police did not specify the identity of the […]<\/p>\n","protected":false},"author":25,"featured_media":207495,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069],"tags":[],"acf":[],"yoast_head":"\n
Police: Macau Junket Sub-Agent Stole $36M From Deposit Holders<\/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