Junket firms milk their 'big whale' contacts

Macau's junket operators bring the local casinos more than two-thirds of their revenue, but are now branching out. Photo: EPA

When junket operator Suncity opened its first high roller baccarat table at Steve Wynn’s Macau casino in 2007 to lure China’s wealthiest punters, the firm had fewer than 30 employees and no computers or equipment other than pen and paper.

Tuesday, 2 July, 2013, 2:33am

Macau gaming stocks plunge on VIP junket operator crackdown report

Macau gaming stocks plunged after a media report warned of an impending crackdown on VIP junket operators.

Beijing plans to launch late this month a clean-up of "triad-linked junket operators" who make a profit by bringing in mainland high-rollers to casinos in Macau and lending them money, a British newspaper reported, quoting unnamed law enforcement sources as saying.

7 Feb 2013 - 5:54am

CLSA nails custard to the wall for tongue-in-cheek report

Belt up or be busted on the 21M

Whither the slither? This and other compelling questions for investors in the Year of the Snake are raised and answered in CLSA's 19th Fung Shui Index.

7 Feb 2013 - 5:16am 1 comment

Amax shares plunge after loss of two-year junket deal with Melco's Altira casino hotel

Shares in Macau VIP gambling junket investor Amax Holdings slumped as much as 13.7 per cent yesterday after the firm said it was unable to 'assess the potential financial impact' of the scrapping of its contracts to take high rollers to Melco Crown Entertainment's Altira casino hotel.

26 Jan 2010 - 12:00am

Casino revenue rises 2.6pc to 7.55b patacas

Macau casino revenues snapped a two-month losing streak last month, rising a modest 2.6 per cent from a year ago to 7.55 billion patacas, according to unofficial data. The figure represented a 15 per cent decline from the 8.9 billion patacas in revenue booked during the holiday month of October, data from Portuguese news agency Lusa showed.

3 Dec 2008 - 12:00am

Journalists up for a junket to Guangzhou? I didn't think so

At a time when the city's media is full of reports about the secret arrest of Straits Times correspondent Ching Cheong (pictured) in Guangzhou for spying, guess what the municipal government across the border is advertising through the Foreign Correspondents' Club.

4 Jun 2005 - 12:00am

Art tour wasted on snooze-hounds

Media colleagues on a gruelling 10-day junket to five cities returned to Hong Kong this week exhausted and emotionally drained.

11 Dec 2004 - 12:00am


Flying economy on a 10-day trip to five cities is not my idea of luxury. If some giant corporation thinks this will bribe cheapskate hacks into writing positive articles, it is sadly mistaken. It would take a business-class ticket, at least.

20 Nov 2004 - 12:00am