Tak Chun Group, a Macau junket operator, on Monday held a grand opening for its new VIP room at the MGM Cotai and said it was planning overseas expansion in the coming year.
Macau’s junkets, which facilitate VIP gaming by helping to provide high rollers from China with credit, and to collect debts, have been seeking to expand outside of Macau to diversify their risk. They are not permitted to operate under Singapore’s casino regulation and won’t be permitted in Japan, but are increasingly present in the Philippines, Vietnam, and Cambodia.
The opening ceremony was officiated by the group’s CEO Levo Chan, with MGM Chief Operating Officer of Gaming, John Shigley, and Executive Vice President of MGM Asia Pacific Kenneth Fong, in attendance.
The operator opened a VIP club at MGM Cotai’s sister property, MGM Macau, in December last year and has also recently expanded its rooms in the Star World and Wynn Macau resorts.
“In the coming year we plan to actively tap into the overseas markets by identifying new business locations, keep on expanding our empire and also enhancing our VIP services and facilities in order to provide unparalleled, bespoke treatment to our VIP guests, all with the aim of bringing stable and sound development to the group,” Chan said at the opening.
The opening began with a laser dance performance by LASER WOMAN, followed by the performance of Taiwan’s rock band Diamond 5, and a pair of gymnasts. (AGB)