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GGRAsia – Maybe only handful Macau junkets can survive: trade rep 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.
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. ....
Macau gambling junket investor Tak Chun Group is to launch what it says is a “brand new” VIP gaming club (pictured) at the Londoner Macao on Monday (February 8), with a facility that will be branded with the group’s name, a Tak Chun representative confirmed to GGRAsia on Friday. Sands China Ltd’s Londoner Macao property on Cotai, is due to have its formal first-phase opening on Monday. The Londoner Macao is a revamped and rebranded version of Sands Cotai Central. The upgraded venue has been given a British theme, including a façade replicating the Palace of Westminster, the home of the United Kingdom’s parliament. ....
GGRAsia – Morgan Stanley dips Macau 2021 GGR outlook on weaker VIP 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.
GGRAsia – Tak Chun boss Levo Chan now CEO of Macau Legend 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.