NagaCorp Chair Sees the End of Traditional Junkets, Even on the Global Stage

The future of junkets in their traditional form is in doubt. Once a major part of casino operations and their VIP segments, the chairman of NagaCorp believes that they won’t survive without making significant changes.

For years, Macau, Australia and other casino hubs relied on junkets to bring in the high-rolling gamblers. The practice helped Macau’s gaming industry thrive. But the number has fallen from over 235 to less than 37 in nine years.

Speaking at the ASEAN Gaming Summit yesterday, NagaCorp Chairman Tim McNally emphasized that junkets most likely won’t find a place on the international gaming stage. However, he also suggested that the companies behind the junkets can survive if they are willing to evolve.

Time to Make Some Changes
Macau is likely to see a drop in the number of active junkets as the Chinese SAR enters a new phase of gambling legislation. In addition, Australian casino operators began phasing them out a couple of years ago, and the Philippines expects casino operators to be responsible for their junket partners’ actions.

Source: https://www.casino.org/news/nagacorp-chair-sees-the-end-of-traditional-junkets-even-on-the-global-stage/