Steve Vickers Will Address the Asia Gaming Brief – Is This The End of Junkets?
Steve Vickers, CEO of Steve Vickers & Associates will address the Asia Gaming Brief on 9th December.
Macau’s go-go years do seem less likely to continue. After all, the Macau gaming industry’s rapid expansion always depended on a degree of acquiescence in unauthorised capital outflows and widespread, if concealed triad involvement with some junkets.
Now, the central Chinese and the local Macau governments have retracted that acquiescence, and display an appetite for tighter controls. Investors in the casino businesses should manage expectations accordingly.
Perhaps more intriguingly, though, Macau’s situation also provides a neat illustration of how rising political risks can affect foreign businesses across China.
Topic: Is this the end of junkets?
Date & Time: 9 December 2021 (Thursday) 16:00 HKT