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Junket operator sues IPI

A LICENSED junket operator, BigBang Entertainment LLC, has asked the local court to order Imperial Pacific International LLC to return the deposited amount the plaintiff made to the casino developer

Transcripts for BBCNEWS World Business Report 20220131 05:46:00

speak to sarah thompson. he is a very high profile figure, what is going on? a very high-profile figure, what is going on?- a very high-profile figure, what is going on? that s right and it is really what is going on? that s right and it is really an what is going on? that s right and it is really an all-time - and it is really an all time low for the company macau legend that owns and operates the casino resort in group to. his arrest comes as authorities in macau are really cracking down on the illicit flow of capital from the mainland and you have to remember that macau is the world s largest gambling hub and it has been a popular destination particularly for chinese travellers coming over to macau purely to gamble because all forms of gambling are illegal on the mainland and weng lin chan himself, he owns around one third of macau legend, but he is also chairman of the action group. it is the second largestjunket of the action group. it is the second largest junket operators so

No more junket licenses for IPI

CHINA’S blacklisting of overseas gambling operations has prompted the Commonwealth Casino Commission to suspend the issuance of licenses for Imperial Pacific International’s junket operators. According to Slots casino.co.uk, “Junket operators are best described as a mixture of a travel agency, VIP hospitality service, and semi-banking firms. These companies have the objective of reaching out to high rollers and [providing] them with specialized offers to come and gamble at a particular casino.” During the recent casino commission’s hearing on enforcement actions against IPI, the commissioners issued Order 2021-003 that prohibits the issuance or renewal of licenses for junket activity.

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