Junket jitters: Can junkets survive in Macau?

Following the arrest of Suncity Group CEO Alvin Chau and subsequent closure of the company’s Macau VIP rooms, Inside Asian Gaming speaks to two former gaming consultants to the Macao SAR Government, Carlos Lobo and David Green, about what the future holds for the junket industry in Macau.

TIMESTAMP	TOPIC
0:00	Introduction
1:39	Background on Suncity situation
2:49	What is the future for Suncity?
6:33	Suncity has been getting licensed annually and arguably has been acted in this way for 14 years. Why has this arrest happened now?
14:19	How does this now affect all junkets in Macau and Asia? Does this mean the end for junkets?
16:41	Is the VIP model now finished, leaving just mass and premium mass?
23:17	The Dore case and the liability of operators for junket actions
24:44	How does what has happened to the junket industry affect the new Macau gaming law and the re-licensing process?
29:35	How can the Macau government maintain foreign investor confidence in the Macau casino gaming industry?
38:17	Will we see EBITDA not as affected as GGR as a result of the loss of VIP play, because of the higher margins on premium mass?
40:21	Are gaming companies the right vehicles for investing in non-gaming activities?
42:24	Is there a fundamental conflict between Macau and mainland China in their respective approaches towards casino gaming?

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