Macau junket market to shrink further amid closures, expansion elsewhere

    Macau’s junket market is expected to shrink further in 2015 amid tight liquidity and falling VIP revenue, with some analysts warning that the system that helped create the world’s biggest gambling hub may be near broken. The number of licensed gaming promoters in Macau – also known as junkets – shrank by 34, or almost 16 percent last year, from the previous market total of 217, according to figures updated earlier this month and obtained by public broadcaster Rádio Macau. Manuel Joaquim das Neves, director of Macau’s gaming regulator – the Gaming Inspection and Coordination Bureau (DICJ) – attributed the reduction partly to the loss of some smaller players, which were largely inactive and had not applied for their licenses to be renewed. He stressed the reduction should not be a cause for special concern. However, analysts are less sanguine and expect more shrinkage in the system that still accounts for the...

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