Macau Association of Gaming & Entertainment Promoters

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    Debtor database operational as early as Jan

    Macau’s junket-proposed debtor database system could be established as early as this month, according to Kwok Chi Chung in an interview with Macau Business Daily. Kwok, who serves as the president of the Macau Association of Gaming and Entertainment Promoters, said the system has already passed the trial stage and is now awaiting final approval […]

    Melco and Wynn exposed to debt-ridden junkets

    Macau’s Melco Crown Entertainment Ltd and Wynn Resorts Ltd are most at risk of being exposed to debt-ridden gaming promoters, said Daiwa analysts, as reported by Bloomberg. Wynn and Melco hold the “riskiest slice of the industry’s junket business” as they have the biggest slice of their revenue exposed to the VIP segment compared to […]

    Macau considers raising capital requirements for junkets

    The Macau government is working on a proposal that could see the capital requirements for new junket operators increase 100-fold, reports Bloomberg who quotes inside sources. One proposal includes raising capital requirements for new junket operators to MOP10 million (US$1.3 million), from MOP100,000, and also requires at least one shareholder to be a Macau resident. […]