Macau casino revenues under threat as junket-operated VIP rooms to close

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Gambling News

Macau Police Busts Illegal Gambling Scheme and Arrests 15 People

The Macau Daily Times reported that the arrested Macau residents of ages 29 to 66 years old were allegedly part of an illegal online gambling business operated on overseas servers. At a press conference that took place on January 12, the Macau Judiciary Police announced that it had acted together with the Guangdong Province police and together the…

Incidents ・ 15 January 2023

Gambling News

Defendant Admits He Helped Suncity Customers Open Online Gambling Accounts

The court proceedings against a group of former Suncity Group employees continue with full force after Chinese authorities cracked down on the junket operator uncovering illegal gambling activities, side-betting operations, fraud, and other violations. In the course of the hearings, which have been going on for the past nine days, one more…

Trust and Safety ・ 29 September 2022

European Gaming

Macau Gambling Boss Denies Illegal Gambling, Criminal Syndicate Allegations

A well-known Macau gambling boss in China's special administrative region of Macau denied charges including enabling illegal gaming, running a criminal syndicate and money laundering at the start of his trial on Monday. Alvin Chau was chairman of Macau's Suncity junket - which brokers the gambling activity of Chinese high rollers - until December…

Law ・ 22 September 2022

Vegas Slots Online

Macau Gambling Head Denies Laundering, Illegal Gaming

Alvin Chau, a well-known gambling executive in Macau, denied charges of illegal gaming, money laundering, and running a criminal syndicate during his trial on Monday. arrested on a warrant accusing him of illegal gambling on the Chinese mainland Chau served as the chairman of Macau's Suncity junket, which helps organize activities for Chinese high…

Covid ・ 19 September 2022

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Why Are Macau Casinos Struggling in Pandemic Recovery?

Commenting in August 2020, analysts from investment bank JP Morgan predicted that the Macau gambling market would begin its road to recovery from the COVID-19 pandemic in mid-August that year. They estimated that casinos would recuperate 2019 levels of gross gaming revenue (GGR) by Q32021, pointing to the easing of travel restrictions and an…

Covid ・ 03 April 2022

Yogonet

Macau's casino GGR grows 43.7% in 2021; marks nearly a third of pre-pandemic numbers

According to data released by the Gaming Inspection and Coordination Bureau (DICJ), Macau's casinos secured MOP 7.96 million (USD 990.9M) in December, which accounts for a 1.8% increase in a year-over-year comparison. The full-year tally went up by 43.7% to MOP 86.8 billion (USD10.8B). The overall revenue for 2021 accounts for 29.5% of pre-pandemic…

Covid ・ 16 February 2022

Yogonet

US casino workers union calls for federal probe into Macau's junket SunCity's link with US casinos

The International Union of Operating Engineers Local 501, which represents over 2000 members working in Las Vegas casinos, on Tuesday called for a coordinated U.S. federal investigation into Macau's largest gambling junket operator SunCity Group and its historical relationships with U.S. gaming companies. In separate letters to the U.S. Justice…

Politics ・ 11 February 2022

Macau Business

Las Vegas casino worker union calls for US federal investigation on gaming operators’ former ties with Suncity

A Las Vegas casino workers union has called for a coordinated US federal investigation into former junket operator Suncity and its former business ties with US-linked gaming companies. The public statement was issued by the International Union of Operating Engineers, Local 501, which represents over 2000 members, primarily construction workers who…

Land-based ・ 09 February 2022

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Macau Business

Las Vegas Sands terminated agreements with three primary junket promoters in Dec, 2021

Las Vegas Sands, the parent group of local gaming concessionaire Sands China, has indicated in an annual report to have terminated agreements with its'three primary gaming promoters' in December 2021. The indication - included in the group's annual report for 2021 - comes at a time of increased regulatory oversight by authorities towards VIP gaming…

Travel ・ 07 February 2022

Macau Business

Police arrest two in illegal gambling crackdown, Tak Chun boss Levo Chan among detained

The Judiciary Police (PJ) announced today (Sunday) two people in the junket sector were arrested on Friday for alleged crimes of engaging in illegal gambling activities, running a crime syndicate and money laundering. The authorities did not identify the two suspects, only referring to them as two Macau male residents - one surnamed Chan and aged…

Law ・ 30 January 2022

Gambling News

Mass-Market Gaming the Big Winner in Macau in 4Q2021

Mass gaming is going to be the big driver of gross gaming revenue (GGR) in Macau. This trend already began last year and will become more pronounced as junkets continue to lose their spot. The last quarter of 2021 saw how important the mass-market gaming segment was for the city's GGR, blowing away the VIP input. According to Macau's Gaming…

Baccarat ・ 18 January 2022

GGRAsia

Mass market play record 74pct Macau GGR in 4Q: govt

Mass-market games including slot machines provided 74.3 percent of all Macau's casino gross gaming revenue (GGR) in the fourth quarter of 2021, at nearly MOP14.18 billion (US$1.77 billion), according to data released on Monday by the city's casino regulator, the Gaming Inspection and Coordination Bureau. The contribution of the mass segment was a…

Travel ・ 18 January 2022

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GGRAsia

Junkets to find players beyond China: Clark casino boss

VIP gaming promoters, and in particular the ones based in Macau, will "find a way" to serve high-value customers from outside mainland China, says the boss of the newly-revamped Hann Casino Resort in Clark, in the Philippines. "I think junket operators in Macau will find a way to spread out in different jurisdictions" serving players other than…

Covid ・ 10 January 2022

Yogonet

Macau casinos seek to replace junket revenues amid crackdown, industry uncertainty

Casinos in Macau, the world's biggest gaming hub, now face uncertainty amid COVID-19 restrictions and an ongoing Chinese government crackdown on the profitable junket business. The enclave, which heavily relied on this market -by arranging transportation, accommodation and credit to gamble for VIP clients-, now looks to everyday gamblers for relief…

Finance ・ 24 December 2021

Reuters

Macau's casinos pin hopes on everyday gamblers after junket shutdowns

HONG KONG, Dec 21 (Reuters) - Macau's casinos face a bleak short-term outlook after shutting most of their lucrative gaming rooms catering to wealthy gamblers and as COVID-19 travel restrictions prevent the shift to mass-market customers that they will depend on in the future. The former Portuguese colony that is the world's biggest gambling hub in…

Covid ・ 21 December 2021

GGRAsia

Gaming staff jobs not affected by junket rooms pause: govt

The Macau government has said that jobs of staff working in junket-promoted VIP rooms in the city could not be affected by the suspension of these venues, as those workers are contractually linked to the casino operators. In a joint statement on Wednesday, the Gaming Inspection and Coordination Bureau and the Labour Affairs Bureau said that…

Jobs ・ 09 December 2021

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Macau Confirms Closure of Suncity VIP Rooms in the City

Macau's gaming regulator has confirmed Wednesday night that all VIP gaming rooms operated by Suncity Group, a junket operator in Macau, have been closed. Alvin Chau, the now-former head of the junket operator, was arrested on Saturday for allegedly organizing illegal gambling, including online gambling, via the Philippines, China, and other…

Jobs ・ 03 December 2021

Asgam

Suncity’s Philippines subsidiary says Manila hotel-casino development unaffected by Alvin Chau arrest

Development of Suncity Group's US$1 billion Manila hotel and casino project will continue as planned despite the arrest of Suncity Chairman Alvin Chau this week, according to the group's Philippines subsidiary. In response to queries from the Philippine Stock Exchange, Suntrust Home Developers Inc, which is 51% owned by Suncity, said it "does not…

Incidents ・ 02 December 2021

New Jersey Online Gambling

Junket Operator's Arrest Drives Macau Casino Stocks Down

Macau casino stocks tanked this week after the arrest of 11 junket operators. Alvin Chau, Suncity Group Holdings' CEO, was among those detained. The region's casino stocks were already struggling due to new virus concerns, but the specter of more regulatory crackdowns pushed them lower still. During the'08-'09 financial crisis, Macau casino stocks…

Finance ・ 01 December 2021

Radio Free Asia

China arrests Macau casino chief in crackdown on cross-border gambling

Macau's Suncity casino operator has shut down its VIP rooms following the arrest of CEO Alvin Chau on suspicion of cross-border gambling and money-laundering, Reuters reported on Wednesday, as the ruling Chinese Communist Party (CCP) seeks to curb what it sees as a dangerous outflow of capital from mainland China. The move will slash the number of…

Incidents ・ 01 December 2021

Market Screener

Arrest of Macau's 'junket mogul' rattles the world's largest gambling hub

Alvin Chau, the CEO of gambling group Suncity Group Holdings Ltd, is the founder of the biggest of Macau's junket operators - outfits that bring in high rollers to play at casinos. He was arrested on Sunday by Macau authorities over alleged links to cross-border gambling. A warrant for his arrest has also been issued in China. Analysts say his…

Incidents ・ 01 December 2021

Reuters

Macau gambling group Suncity's shares plunge after CEO arrested

HONG KONG, Nov 30 (Reuters) - Shares of Macau gambling group Suncity Group Holdings Ltd (1383.HK) slumped 40% in resumed trade on Tuesday after its CEO was arrested over alleged links to cross-border gambling. The company said he intends to resign. Alvin Chau, also the founder of Macau's biggest junket operator which brings in high rollers to play…

Industry ・ 30 November 2021

CNBC

Macao arrests 11 people for illegal gambling and money laundering

Macao police said on Sunday they had arrested 11 people in an investigation into an illegal gambling and money-laundering syndicate, a day after businessman Alvin Chau, who organizes trips to Asian casinos for big spending gamblers, was questioned at a police station. The police said in a statement that people involved in the case acknowledged the…

Law ・ 05 December 2021

Aljazeera

Macau police arrest 11 for alleged illegal gambling

Arrests come a day after junket mogul Alvin Chau is questioned by police in the special administrative region. Macau police said they had arrested 11 people in an investigation into an illegal gambling and money-laundering syndicate, a day after businessman Alvin Chau, who organises trips to Asian casinos for big-spending gamblers, was questioned…

Law ・ 29 November 2021

Spectrum News

China issues warrant for Suncity boss over illegal gambling

BEIJING (AP) - Macao police on Saturday detained the head of Macao's biggest junket organizer and others after Chinese authorities issued an arrest warrant for them over accusations that they ran an illegal cross-border gambling syndicate. The arrests in the gambling enclave came after prosecutors in Wenzhou, in the eastern province of Zhejiang, on…

Law ・ 27 November 2021