Galaxy ends all junket deals; company assessing Macau satellite casinos situation

February 24, 2022 Macau iGaming & Gambling

Macau gaming giant Galaxy Entertainment Group has terminated all its VIP junket agreements. The company no longer has any deal of its kind as of this moment, Vice Chairman Francis Lui Yiu Tung announced on Wednesday.

“As for VIP lounges and junket operators, I think this is an issue of grave concern for everyone but I can tell you that our group no longer has any junket operations,” the Vice Chairman stated, according to Macau Business.

The executive further said Galaxy is looking forward to the new amendments to the city’s gambling law, currently in discussion at the Legislative Assembly (AL). According to Lui, the group will wait for what the new legislation will determine regarding junket intermediaries before “assessing the situation further.”

The decision to terminate junket agreements comes amid increased regulatory oversight from officials over the VIP gaming market. Other operators in the world’s largest gaming hub have also decided to stop junket operations, including Melco Resorts, Sands China and Wynn Macau.