Macau’s Junket Days Reported to be Over

The world’s largest casino junket market could soon disappear. Reports this week claimed that Macau has called for a halt to junket operations. The SAR has also reportedly ordered junkets not to loan money to VIP clients.

The End of a Junket Era in Macau
Macau’s casino concessionaires could end all contracts with junket proponents, a move that would end the junket industry by the end of the year. According to Inside Asian Gaming (IAG), over the past 24 hours, talks are ongoing at all six concessionaires. The general theme is that all existing agreements will be terminated with junkets by December 31.

IAG also received a letter from a concessionaire to a junket canceling their agreement. This was in response to a Macau Gaming Inspection and Coordination Bureau directive (DICJ, for its Portuguese acronym), which prohibited the issuance of credit.

Source: https://www.gamblingnews.com/news/macaus-junket-days-reported-to-be-over/