VIP operator tightens credit; revenue falls

 

Junket operator Asia Entertainment & Resources Ltd. (AERL) announced that unaudited rolling chip turnover for February at the company’s VIP rooms in Macau was $1.29 billion, down 32 percent year-on-year.  This is compared to a 12 percent overall rate of growth for Macau’s casinos during the month.  The company stated that the decline in rolling chip turnover could be attributed to the fact that it has tightened credit to its agents due to its conservative view of the Chinese economy.