Macau VIP rolling chip turnover rebounds to $600 million in January: junket association
-
Loading... - Dae-hyun Namkoong
- 13 Feb 2023
- 54 Views
- 0 Like
- 0 Comment
Junket association head Kwok Chi Chung told AGB that a resurgence in Hong Kong visitors had helped to prop up the VIP sector, with estimates that some $600 million was recorded in VIP rolling chip volume in January, due in large part to Chinese New Year.
The figures come despite new laws being implemented by the local government to regulate and restrain the sector, as it tries to shift consumers to a mass-centric model and re-brand itself as a tourism city.
According to the city’s new junket law, each junket is only permitted to work with one concessionaire and cannot share in the revenue of the casino, only being eligible to receive a maximum of 1.25 percent commission from rolling chip turnover. Read More…
