Articles About junkets

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China’s Lottery Betting Bonanza Belies Gambling Desires

Nich Moore September 15, 2017 07:23:30

The illegality of gambling in China is well known, and their highly publicized crackdown on the numbers of junkets to the oasis that is Macau has underlined this as much as the high profile arrest and jailing of Jason O’Connor of Crown Resorts, but are the authorities simply papering over the cracks as numerous Chinese […]

Junkets Hit Hard as House of Cards Fall Down in Macau

Phyllis F. January 19, 2015 10:44:40

Junkets first became popular in Macau thanks to a now obsolete law prohibiting casinos from lending money. Macau’s gambling industry continues its steady stream of decline with Macau’s fourth quarter VIP revenue down 29% and mass market revenue down 16%. And who or what is responsible for this slide? Speculations are that on the one […]