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Industry
August 18, 2023
OKBet Shuts Philippine VIP Rooms, Rejects Ties to Arrests in Singapore
Recently, OKBet Infinity, the popular Philippine junket operator that operates VIP rooms in Newport World Resorts, Okada Manila, Hann Casino Resort, NUSTAR and City of Dreams Manila, confirmed that it has shut down all of its Philippines VIP rooms. The company unveiled the surprising announcement, confirming that it is in effect as of August 8, […]
Legal
April 21, 2023
Macau Sentences Tak Chun’s Ex-CEO Chan to 14 Years in Prison
Macau’s junket operators that used to make money from high-rollers grew exponentially in the last 10 years. Everything was going well until the arrest of Alvin Chau, the former CEO of Suncity Group, a leading junket operator. Arrested in November 2021, Chau was sentenced to nearly 20 years in prison back in January this year. […]
Legal
April 1, 2022
$36M Missing, Junkets Involved, Says Macau Police
Earlier this week, the Judiciary Police in Macau unveiled details regarding a case involving junkets that resulted in $36 million in missing proceeds. Two Men Arrested, Police Say They Took Money from 18 Individuals Police authorities in Macau said Tuesday that they arrested two men, allegedly involved in a criminal syndicate and fraud related to […]
Business
December 22, 2021
Wynn Macau to Break Off Marriage with Junkets
Earlier this year, Wynn Resorts announced that it was likely going to put some distance between its Wynn Macau arm and junket operators. Following the drama surrounding Suncity Group over the past month, the casino operator is ready to fulfill that statement. Junket Ops Dying in Macau Linda Chen, the vice-chairman and chief operating officer […]
Legal
November 13, 2020
AUSTRAC Highlights Failings in Regulation of Junket Operators
A revised report by the Australian Transaction Reports and Analysis Centre (AUSTRAC) has revealed weaknesses in the way junket operators are regulated and the degree to which the regulator can prevent money-laundering and other crimes in Australia. AUSTRAC Report Reveals Overall Junket Regulation Weaknesses Australia may be struggling with tackling money laundering operations, which stem […]
Casino
November 5, 2020
Macao’s Recovery Expedited by China’s Crackdown on Junkets
Junket operators restrictions force more of these companies to drive VIP and high roller players to Macao exclusively at the behest of Beijing. This could be the essence of the administrative region’s recovery. Tougher Stance on China’s Junkets Could Mean Higher Revenue for Macao Macao was the first gaming hub in the world to […]
Business
June 28, 2020
GGRAsia: Macau Junket Rooms May Stop Operations, Lay Off Workers
In a bid to weather what has been an unending crisis, Macau’s junket operators could resort to shuttering their gaming rooms and laying off employees en masse. Macau’s Junket Operators Face Layoffs and VIP Gaming Rooms Suspensions Macau’s entire business model was first disrupted when COVID-19 hit back in February, forcing a two-week closure. With […]