Morpheus casino won’t use junkets: Lawrence Ho

Melco’s new $1.1 billion hotel tower will not be using junkets to lure in Asian high rollers to its casino, chairman and CEO Lawrence Ho told Reuters.

“Eventually it’s much better to develop your own database than rely on junkets,” said Ho on Friday.

The new 160-meter tall hotel tower, Morpheus, will be located at the City of Dreams casino resort, featuring 700 rooms, event facilities and hotel facilities, exclusively catering to premium mass customers.

The decision to forego junkets comes as the city makes moves to diversify away from VIP revenue on concerns over money laundering.