• 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 licensed junket tally down 7th year in a row

Jan 31, 2020 Newsdesk Latest News, Macau, Top of the deck  


Macau licensed junket tally down 7th year in a row

The total number of licensed gaming promoters in Macau – either entities or individuals also known as ‘junkets’ – shrank by 5.0 percent over the past 12 months. The fall marks the seventh consecutive year of decline in the number of licensed junkets in the Macau market.

The total fell from 100 in January 2019 to 95 this year, according to the latest updated list of licensed operators published on Thursday by the city’s gaming regulator, the Gaming and Inspection and Coordination Bureau.

Around January each year, the gaming bureau publishes in Macau’s Official Gazette a list with the names of all junkets licensed to operate in the city’s casinos. Back in January 2013 Macau had a total of 235 licensed junkets, according to the data kept on record.

The gaming regulator did not provide in its Thursday announcement an explanation for the decrease in licensed junkets. But the decline follows a market-wide contraction of 18.6 percent in VIP gross gaming revenue at Macau’s casinos in 2019, according to other government data. VIP revenue accounted for 46.2 percent of the overall casino GGR market in 2019, compared to 54.8 percent in full-year 2018.

From 2015 onward the gaming bureau began implementing what it said were stricter operating rules for the junket operators. The city’s government stated in its policy address document for 2019  it would “strengthen supervision of junket operations” and continue to conduct audits on junket activities.

Junket operators play an important role in Macau’s VIP gaming segment. They coordinate the recruitment of high roller players from mainland China and beyond, and crucially make it their business to know how much the players are worth and what they have in assets. They extend credit to those players – in order to circumvent the strict currency flow restrictions between Macau and mainland China – collect on losses, and provide accommodation and other entertainment for the gamblers when in Macau.


  • tweet
Related articles
  • Macau casino GGR down 9pct m-o-m in February: govt
    Macau casino GGR down 9pct m-o-m in...

    Mar 01, 2021  

  • SJM posts US$390mln 2020 loss, Cotai scheme in 1H
    SJM posts US$390mln 2020 loss, Cotai...

    Feb 23, 2021  

More news
  • Galaxy’s Lui hopes Macau 2H better amid vaccine rollout
    Galaxy’s Lui hopes Macau 2H better...

    Mar 08, 2021  

  • Pace of Macau GDP decline slows in 4Q amid tourism gains
    Pace of Macau GDP decline slows in 4Q...

    Mar 08, 2021  


Latest News

Galaxy’s Lui hopes Macau 2H better amid vaccine rollout

Galaxy’s Lui hopes Macau 2H better amid vaccine rollout

Mar 08, 2021  

Francis Lui Yiu Tung (pictured in file photo), vice chairman of Macau casino operator Galaxy Entertainment Group Ltd, says he anticipates that the expansion in mainland China, Macau, and Hong...
Read More
Pace of Macau GDP decline slows in 4Q amid tourism gains

Pace of Macau GDP decline slows in 4Q amid tourism gains

Mar 08, 2021  

Donaco not mulling sale of Vietnam casino hotel: execs

Donaco not mulling sale of Vietnam casino hotel: execs

Mar 08, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

“Construction work is progressing smoothly and even though the Covid-19 outbreak has impacted our original timeline, we remain committed to this groundbreaking project"

Grant Johnson

Property general manager of City of Dreams Mediterranean



Most Popular

  • 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
  • Las Vegas Sands to sell off Nevada assets for US$6.25blnLas Vegas Sands to sell off Nevada assets for US$6.25bln March 3, 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
  • Pansy Ho again cuts stake in MGM Resorts, for US$57mlnPansy Ho again cuts stake in MGM Resorts, for US$57mln March 4, 2021
  • LVS plans to keep U.S. base, stock listing: spokesmanLVS plans to keep U.S. base, stock listing: spokesman March 4, 2021
Copyright 2014-2021 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us