(Lei dos) junkets
abr25 Only about half the quota from the Macau government’s 50-strong market-wide cap on licensed gaming promoters – also known as ‘junkets’ – is actually being utilised in the form of junkets active in the market. That is according to veteran junket promoter U Io Hung in comments to GGRAsia. He added that some of Macau’s six casino concessionaires were holding on to quota they don’t presently use, while others would like more quota, but can’t get it, because of the industry-wide 50-strong cap, and the way it is allocated. “For instance, Venetian Macau [SA] has a cap of 12 partnering junkets for a full year, but they barely have any working junkets at the moment,” suggested Mr U, referring to the Macau gaming concession entity of Sands China Ltd. “In the situation we are now facing, it’s not as if the unused quota [of partnering junkets] can be released to the market,” Mr U added. He heads the Macau Gaming Promoter Professionals Association. GGRAsia approached Sands China an...