• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Macau junket deal with Jack Lam’s listed firm delayed

Apr 01, 2015 Newsdesk Latest News, Macau, Top of the deck  


Macau junket deal with Jack Lam’s listed firm delayed

The deadline on an agreement that would allow the listed portion of Macau junket veteran Jack Lam Yin Lok’s business interests to participate in VIP gambling promotion in Macau has been put back for three months.

The so-called variable interest entity (VIE) agreement with Carlos José Lok, a Macau resident and the sole shareholder and sole director of the Macau gaming promoter concerned – New International Club Ltd – is now due to be concluded by June 30, Mr Lam’s listed company said in a filing on Tuesday to the Hong Kong Stock Exchange.

Macau-incorporated New International Club is said to have a gaming promotion licence from the local regulator, the Gaming Inspection and Coordination Bureau, also known as DICJ.

The company seeking to link with New International Club is Hong Kong-listed Jimei International Entertainment Group Ltd. The latter said in a filing on January 16 that it had been given approval to change its name from Sinogreen Energy International Group Ltd. The entity has been controlled by Mr Lam and supporting interests since last autumn, according to previous filings.

Mr Lam is already involved – via a privately held business called Jimei Group – in junket operations at eight Macau casino hotels, according to the group’s website.

According to the February 3 filing by Jimei International Entertainment, Mr Lam also wholly owns Jimei International Ltd, which runs casino junket operations in the Philippines.

The same filing said that New International Club is discussing a gaming promotion arrangement with Wynn Macau for “not less than 30” VIP gaming tables and would receive “not less than 40 percent” of the gaming win or loss generated from the tables.

In early February Jimei International Entertainment said it had an arrangement with Crown Resorts Ltd’s Crown Perth property in Australia, allowing junket patrons to gamble there. Tuesday’s filing confirmed the junket at Crown Perth had started operations in February.


  • tweet
Related articles
  • Macau should weed out smaller junkets: U.S. govt
    Macau should weed out smaller junkets:...

    Apr 16, 2018  

  • Court clears Dore on loan refunds, must repay chip deposit
    Court clears Dore on loan refunds, must...

    Apr 10, 2018  

More news
  • Macau junkets counter crypto coin firm’s biz claims
    Macau junkets counter crypto coin...

    Apr 19, 2018  

  • Wynn Macau seeks nod for share repurchase scheme
    Wynn Macau seeks nod for share...

    Apr 19, 2018  


Latest News

Macau junkets counter crypto coin firm’s biz claims

Macau junkets counter crypto coin firm’s biz claims

Apr 19, 2018  

Several Macau junket operators have issued clarifications denying having either business relations or partnership with a company that on Tuesday announced at a Macau event the launch of an investor...
Read More
Wynn Macau seeks nod for share repurchase scheme

Wynn Macau seeks nod for share repurchase scheme

Apr 19, 2018  

Macau’s GDP to grow by 7pct in 2018: IMF

Macau’s GDP to grow by 7pct in 2018: IMF

Apr 19, 2018  

Slideshow

Macau casinos celebrate Chinese New Year

Interviews

  • BMM prepped for Macau EGM regulation update: White
    BMM prepped for Macau EGM regulation update: White

    Jan 04, 2018  

    BMM Testlabs “ticks all the boxes” with regard to its...
  • Japan, Cambodia, Vietnam casino biz to watch: Klebanow
    Japan, Cambodia, Vietnam casino biz to watch: Klebanow

    Dec 08, 2017  

    The regulated casino industry is well versed in dealing...
  • Cloud services, e-Sports highlights of MGS 2017: Chun
    Cloud services, e-Sports highlights of MGS 2017: Chun

    Oct 23, 2017  

    The presence of some of the leading cloud computing...
  • Crunch time for Tokyo casino option: Caesars exec
    Crunch time for Tokyo casino option: Caesars exec

    Jul 11, 2017  

    The Tokyo local election setback for Japan’s governing...
  • Suncity bets on Vietnam, resurgent Macau VIP: Andrew Lo
    Suncity bets on Vietnam, resurgent Macau VIP: Andrew Lo

    Jul 06, 2017  

    A multibillion U.S. dollar casino project on Vietnam’s...

Pick of the Day

”We intend to add additional new directors [to the board] in the coming months”

Daniel Boone Wayson

Chairman of the Wynn Resorts board of directors



Most Popular

  • Galaxy Ent drops Boracay project, looks elsewhere: reportsGalaxy Ent drops Boracay project, looks elsewhere: reports April 17, 2018
  • Elaine Wynn calls for new Wynn Resorts boardElaine Wynn calls for new Wynn Resorts board April 18, 2018
  • Macau gaming recovery very broad-based: JP MorganMacau gaming recovery very broad-based: JP Morgan April 17, 2018

Copyright 2017 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us