Macau VIPs back to the tables

    Published in: Latest Intelligence The good times may just be rolling again in Macau’s VIP rooms. Analysts say last month’s record 31.3 billion pataca ($3.9 billion) gross gaming revenue implies the VIP market grew about 20 percent, the fastest rate in a year after six sluggish months.“I’ve read all those negative reports on the VIP market and what the reports say and what the reality is is completely different,” said Tony Tong, director of investments at Tak Chun Finance, an affiliate of Macau junket operator Tak Chun.With China the key source of Macau’s VIPs, uncertainties around the leadership changeover in Beijing, a number of high-profile corruption cases and the momentum of the country’s economy have weighed on potential players. “We think that’s the reason that VIP growth was slower last year,” said Richard Huang, an analyst with CLSA Asia-Pacific Markets in Hong Kong. “We also think that will result in slower...

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