MGM China Eyeing Strong Recovery, Converting Junkets Part of Plan

Junket operators are a thing of the past in China and Macau. As MGM China would confirm, cutting the middleman out of business is not a bad thing. With junket operators out of the way, transitioning former junket customers now represents a unique opportunity for the growth of operators.

MGM China Keen to Pursue Strong Recovery in Months to Come
On Thursday, MGM China, the leading developer, owner, and operator of gaming and hospitality resorts in the Greater China region released its annual 2021 financial results. Regardless of the ongoing pandemic and its economic impact, the company noted that it saw a “gradual recovery” last year.

“We understand what our customers want and MGM China is well-positioned for the market’s eventual rebound.”

Kenneth Feng, president and strategic CFO at MGM China
In a statement, MGM China’s president and strategic CFO, Kenneth Feng, said that the company remains “cautiously optimistic towards a market recovery.” He explained that MGM China expects to see “not just repeat customers, but new faces especially in the premium mass segment.” Additionally, Feng outlined that the company is well-positioned for the market’s possible rebound.

Source: https://www.gamblingnews.com/news/mgm-china-on-the-way-to-rebound-converting-junkets-part-of-plan/