Macau: Gaming operators to cease contracts with junkets
Thursday 09 de December 2021 / 06:21
⏱ 1 min read
(Macau).- Analysts from Morgan Stanley believe more and more gaming concessionaires will terminate agreements with junket operators, effectively ending the sector in the city even without an official order from authorities banning them.
It was revealed today that junket operator Tak Chun has issued an internal notice stating some ‘individual casinos’ will temporarily suspend their cooperation relationship with them.
The indication by what is largely considered the second-largest junket operator in Macau follows the suspension of all VIP rooms operated by the largest operator, Suncity, on December 1, following the arrest of founder Alvin Chau and several associates connected to the group by police authorities.
In 2019 Suncity held over 45 per cent of the junket market, with Tak Chun holding about 19 per cent, with that year reporting about US$14 billion in VIP revenues.
Media reports this week also hinted that Wynn Macau has issued termination notices for all its junket operated VIP rooms to be closed by December 20, with speculation other gaming operators will carry out similar moves, as scrutiny of the sector by authorities increases.
A note published by Sanford C. Bernstein yesterday also stated that the Gaming Inspection and Co-ordination Bureau (DICJ) has issued an instruction to junket operators to stop offering credit to their customers and requesting that chip purchases can only be done for upfront cash.
By Nelson Moura
Categoría:Casino
Tags: Sin tags
País: Macao
Event
GAT EXPO CARTAGENA 2026
24 de March 2026
Gamification with Purpose: Andrés Blanco Explains How to Drive Real Engagement at GAT Expo Cartagena
(Cartagena de Indias, SoloAzar Exclusive).- At GAT Expo Cartagena 2026, one of Latin America’s most important gaming industry events, Andrés Blanco, Managing Director and Chief Product Officer at Gamanza Engage, shared his vision of how gamification can become a strategic tool to foster genuine user engagement.
Monday 30 Mar 2026 / 12:00
Nevada’s Regulatory Model, Taxation Challenges and Prediction Markets Take Center Stage at GAT Expo Cartagena
(Cartagena de Indias, SoloAzar Exclusive).- During a high-level fireside chat at GAT Expo Cartagena 2026, Brian Krolicki, Vice Chairman of the Nevada Gaming Commission, and Rodrigo Afanador Carrasco, CEO of Zamba and General Manager of Grupo Vicca, explored key regulatory challenges shaping the global gaming industry, with a particular focus on Latin America.
Monday 30 Mar 2026 / 12:00
GAT Expo Cartagena 2026 came to an end after a resounding success
(Cartagena de Indias).- With this closing, GAT Events continues its remarkable 2026 circuit with upcoming stops in Mexico City, São Paulo, San Juan, Bogotá and Santo Domingo, consolidating its presence as a B2B platform for the development of the legal gaming business in Latin America and the Caribbean.
Friday 27 Mar 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.