• 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 loses 34 junket operators in one year: report

Jan 26, 2015 Newsdesk Latest News, Macau, Top of the deck  


Macau loses 34 junket operators in one year: report

The number of licensed gaming promoters in Macau – also known as junkets – shrank by almost 16 percent over the past 12 months.

The total fell from 217 in January 2014 to just 183, according to figures updated earlier this month obtained by public broadcaster Rádio Macau. The figures include both companies and individuals licensed as junkets.

VIP gross gaming revenue (GGR) in Macau fell by 29.0 percent year-on-year in the fourth quarter and 10.9 percent for the full-year of 2014, according to official data published earlier this month.

The city’s gaming regulator, the Gaming Inspection and Coordination Bureau, is expected to release later this month an updated list of licensed junket operators. The list is published yearly.

From the 34 junkets that were dropped from the latest list, 19 requested the cancellation of their licences, while the remaining 15 did not renew their licences, Rádio Macau reported.

At least two junket operators announced this month they were reducing their operations in Macau. Gold Moon Group last week confirmed the closure of a VIP gambling room it operated at Sands China Ltd’s Sands Cotai Central resort. Earlier, David Group had stated that it would close some of its VIP rooms in Macau.

Macau’s Secretary for Economy and Finance Lionel Leong Vai Tac has already said the government is closely following the closure of VIP rooms in Macau.

Macau Chief Executive Fernando Chui Sai On on Sunday said that the closure of VIP rooms was “normal” and part of the “adjustment phase” the city’s casino industry is going through. GGR in Macau has dropped for seven consecutive months measured on year-on-year terms, and the majority of analysts expects the downturn to continue at least during the first half of 2015.

The Macau government last week announced the establishment of a task force on the gaming industry, with the main goal being to address the issue of potential job layoffs in the sector.


  • tweet
Related articles
  • Macau VIP challenged by changes in China: Galaxy Ent boss
    Macau VIP challenged by changes in...

    Feb 25, 2021  

  • Macau mass play may speed from May 1 hols says JP Morgan
    Macau mass play may speed from May 1...

    Feb 09, 2021  

More news
  • Las Vegas Sands to sell off Nevada assets for US$6.25bln
    Las Vegas Sands to sell off Nevada...

    Mar 03, 2021  

  • Macau Jan gaming tax take US$402 mln, down 63 pct
    Macau Jan gaming tax take US$402 mln,...

    Mar 03, 2021  


Latest News

Las Vegas Sands to sell off Nevada assets for US$6.25bln

Las Vegas Sands to sell off Nevada assets for US$6.25bln

Mar 03, 2021  

United States-based casino operator Las Vegas Sands Corp said in a Wednesday filing that on Tuesday it had made an agreement to sell its Las Vegas, Nevada venues and operations for US$6.25 billion....
Read More
Macau Jan gaming tax take US$402 mln, down 63 pct

Macau Jan gaming tax take US$402 mln, down 63 pct

Mar 03, 2021  

Casino surveillance biz decline tips Synectics to year loss

Casino surveillance biz decline tips Synectics to year loss

Mar 03, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

“As a leaner, stronger company, we expect leverage to return to pre-pandemic levels in the next 12-18 months”

Max Chiara

Chief financial officer at gaming product and lottery services provider International Game Technology



Most Popular

  • Galaxy Macau to add Raffles-branded hotel towerGalaxy Macau to add Raffles-branded hotel tower March 1, 2021
  • Macau casino GGR down 9pct m-o-m in February: govtMacau casino GGR down 9pct m-o-m in February: govt March 1, 2021
  • Covid-19 test cert no longer needed for Macau casino entryCovid-19 test cert no longer needed for Macau casino entry March 2, 2021
  • Lim Kok Thay, GEN Singapore execs in US$1.3mln stock awardLim Kok Thay, GEN Singapore execs in US$1.3mln stock award March 2, 2021
  • Suncity to open clubs at Londoner Macao, Lisboa PalaceSuncity to open clubs at Londoner Macao, Lisboa Palace February 26, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us