Sunday, April 18, 2021
Home Junkets

Junkets

RMB, digital Yuan

Digital yuan has far-reaching implications for Macau gaming

Macau’s government finally confirmed on Tuesday that the adoption of a digital yuan is on the table in what’s likely to be a gamechanger for the industry and its junket operators.

Macau moves towards digital currency, threatening junkets

Macau's Chief Executive Ho Iat Seng has said the government will work closely with China's China's central bank on a feasibility study on adopting a digital yuan, which will help it to combat money laundering and tax evasion. 

SkyCity out of the junket game

New Zealand's SkyCity Entertainment said it will cease all activities with junkets following a strategic review of its business and will instead deal with international customers directly.

U.S. tells Macau govt. to keep working on AML procedures

The Macau government needs to continue to strengthen interagency coordination to stop money laundering and in particular needs to encourage junket operators to improve their controls, the U.S. Department of State says.

Digital yuan to change the game in Macau, curb junket use

The acceleration of the use of the digital yuan as a valid currency in Mainland China could be a potential “game-changer” for Macau by overhauling entire payment systems, significantly reducing the need for junkets, according to the Macau Gaming Research Association.

Operators need to reassess junket relations: SVA

Casino operators should reassess their relationships with their junket partners in the wake of the Bergin report into Crown Resorts and the changes in the global geopolitical climate, according to SVA, a corporate and political risk consultancy.
China flag

China anti-gambling drive to have long-term IR impact in Asia

China’s ongoing crackdown on casinos and junkets targeting its nationals may have long-term implications for the industry in Asia and force changes in the business models of many of the region’s integrated resorts.

Rich Goldman sees interim loss of not less than HK$18 million

Rich Goldman said it expects to report an interim loss of not less than HK$18 million for the six months to December, due mainly to the loss of revenue from business in Macau after parting ways with a junket partner in April.

CNMI regulator needs to up controls to avoid China blacklist

Saipan's Casino Control Commission needs to monitor junket operations and regulate cross-border money transfers, among other things, to avoid being placed on China's blacklist of countries targeting its nationals for gambling.
China Flag

China again threatens gambling tourism, adding to Covid pain

China is showing no sign of letting up its campaign against overseas gambling, announcing it’s expanding its blacklist of countries that target Mainland Chinese for gambling purposes.
life after pogos

Life After POGOs – AGB Pop-Up Forum

The Philippines and Asia’s online gaming industry is going through uncertain times, with the gaming regulator seeing more and more operators leaving the country for greener pastures.
AGB Webinar - Acquiring and Retaining iGaming Customers

Acquiring & Retaining iGaming Customers

In this AGB Webinar Series, we covered the newest strategies for iGaming player acquisition and retention.
Asia Gaming Briefings, april 2021

Asia Gaming Briefings – April 2021 Edition

In this April edition of Asia Gaming Briefings we take the pulse of how the North Asia jurisdictions of Japan, Korea and the Russian Far East have fared.
Agbriefings February 21

Asia Gaming Briefings – Feb 2021 Edition

The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.
asia gaming briefings Dec 20

Asia Gaming Briefings – Dec 2020 Edition

Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing what 2020 may have had in store.