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

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

Wynn Macau and Melco Resorts & Entertainment will close VIP rooms run by junket operators by the end of December. The news comes after the arrest of Alvin Chau, former CEO of Suncity Group.

Wynn Macau and Melco Resorts & Entertainment are closing VIP rooms run by junket operators. The news comes after the arrest of Alvin Chau, former CEO of Suncity Group. He is accused of running an online gambling platform accessible from mainland China. SunCity Group has already shut down operations with more expected to follow. Maca casinos reported a strong start to December, with gross gaming revenue (GGR) increases of 14% week-on-week. The average tourist movement for the week leading into December was the highest it has been since before the Covid-19 pandemic.

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Macau’s new laws on gambling reflect China’s national security policies:

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- #SandsChina could benefit from withdrawal of junket operations