Possibly only a “couple” of Macau’s VIP gaming promoters or ‘junkets’ will be left in the local market in future, as the sector continues to face significant headwinds not only from the impact of the Covid-19 pandemic on travel and tourism, but also because of the Chinese central authorities’ concern about gambling activities outside the country’s borders, an industry insider has told GGRAsia.
There is a variety of opinion among scholars and legal experts about whether China’s criminalisation of anyone assisting “cross-border gambling”, that came into effect on March 1, is meant to cover gambling in Macau, a special administrative region of China.
GGRAsia – Macau Legend aims at licensee status: Melinda Chan
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GGRAsia – Macau Legend aims at licensee status: Melinda Chan
ggrasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ggrasia.com Daily Mail and Mail on Sunday newspapers.
The Londoner Macao – a revamped and rebranded Cotai casino property that had its first-phase launch on Monday, just ahead of Chinese New Year – is designed to bring new customers to the Macau gaming-resort market, rather than eat into the share of consumers that already come to the city, said Wilfred Wong Ying Wai (pictured), president of the venue’s promoter, Sands China Ltd.
A “soft opening” – over the Christmas and calendar-new-year period – of the Londoner Macao, a British-themed resort, indicated it appealed to tourists that might not otherwise visit Macau, Mr Wong told reporters on the sidelines of the launch.