The president of the Association of Gaming & Entertainment Promoters of Macau, Kwok Chi Chung, is calling for the Macau government to tighten requirements for junket promoters, Macau Daily Times reports. Junket promoters currently need only to provide a total of MOP100,000 (US$12,400) in deposits to attain the status of junket promoter. Kwok however insisted […]
The launch of Macau’s junket-proposed debtor database system is likely to be delayed as it awaits approval from relevant authorities in Macau, local media reports. Speaking to Macau Business Daily, Kwok Chi Chung, president of the Macau Association of Gaming and Entertainment Promoters said the association hopes to launch the system within February. “Everything is […]
Macau’s junket-proposed debtor database system could be established as early as this month, according to Kwok Chi Chung in an interview with Macau Business Daily. Kwok, who serves as the president of the Macau Association of Gaming and Entertainment Promoters, said the system has already passed the trial stage and is now awaiting final approval […]
The junket-proposed debtor database containing the details of high-rollers that owe overdue debts is expected to launch in 2017, said Kwok Chi Chung, chairman of the Macau Junket Association at the MGS Entertainment Show on Wednesday. “The entire system follows the law [Personal Data Protection Law],” said Mr. Kwok, quoted by local press. “All loan […]
Macau junket operator Cali Group has reportedly shut down another VIP room located in MGM Macau, local media reports. According to Macau Business Daily, the president of Forefront of Macau Gaming (FMG) Ieong Meng Teng was informed by a Cali employee last week that the VIP promoter had terminated employment to most of its workers […]
The Macau government is working on a proposal that could see the capital requirements for new junket operators increase 100-fold, reports Bloomberg who quotes inside sources. One proposal includes raising capital requirements for new junket operators to MOP10 million (US$1.3 million), from MOP100,000, and also requires at least one shareholder to be a Macau resident. […]
Gambling junket operator Cali Group has reportedly closed two of its four VIP gaming rooms in Macau in order to shift resources to the Philippines, according to local media. The gaming association, Forefront of Macau Gaming (FMG), quoted by Macau Business Daily, said that the junket’s VIP gaming rooms at the Grand Lisboa and City […]
The Association of Gaming and Entertainment Promoters of Macau says the number of gaming rooms in the city has shrunk by at least 30 to 40 in the last six months as a result of weak VIP play and distress caused by bad debt, local media reports. President of the Association of Gaming and Entertainment […]
The Macau junket association head said that a blanket smoking ban would be a “disastrous blow” to the troubled gaming industry. Speaking at the Macau Forum – an open-air debate in Areia Preta Park – Macau Gaming Junket and Entertainment Association Chairman Kwok Chi Chung said many VIP room gamblers who currently generate about 56 […]
The Association of Gaming and Entertainment Promoters, which represents junket operators in Macau, said that a recent industry survey showed respondents were overwhelmingly in favor of retaining smoking rooms in casinos to shore up revenue. The survey found that 99 percent of 12,518 respondents were in favor of the rooms and believed that a universal […]
Macau’s embattled junket operators have embarked on a public relations push following a series of scandals involving VIP promoters and ongoing concern about lack of transparency in the market. Senior figures tell AGB that the contribution of the junket industry to Macau's growth has been overshadowed by recent controversies.
Macau’s casino operators, who have put up a united front in opposing a proposed blanket ban on smoking, may have won a battle with signs the government is softening its stance, but have not yet won the war.After appearing firm in its resolve to make smoking in casinos a thing of the past, the government has mellowed its tone and says it will consider keeping the lounges. But the onus will be on the operators to prove they are not harmful to health and that may be a tough call.