The number of licensed junkets in Macau has experienced a drastic halving, plummeting to half of its previous level, 36 and now standing at only 18, according to the latest update from the SAR’s gaming regulator.
Macau’s junket sector has witnessed a 92 per cent decline over the past decade, as Macau’s casinos reached their peak in 2014, with gaming revenue exceeding $45bn, three times that of Las Vegas. At that time, 235 junket operators had registered to operate under licenses in Macau, collectively contributing around 60 per cent of the casino revenues.
In September of last year, the gaming regulator set a cap of 50 junkets for 2024.
According to information available on the Gaming Inspection and Coordination Bureau’s website, only nine collaborators have registered so far in Macau. Meanwhile, the regulator sets a cap of 250 collaborators in the whole market. Based on the definition, gaming collaborators are actually people with many contacts and a network of partners who can bring players to the VIP rooms of Macau casinos.
According to current gaming law, each Macau junket is permitted to partner with a single gaming concessionaire. Junket operators can earn a commission, capped at 1.25 per cent of rolling chip turnover, for their gaming promotion services but are prohibited from sharing casino revenue with the casino concessionaire they work with.
Source: Asia Gaming Brief