Macao Casinos to Close Lucrative VIP Rooms in Wake of Junket King’s Arrest

The recent arrest of a Macao junket tycoon has chilled the city’s gambling industry, as casinos race to close lucrative VIP rooms run by junket operators.

Melco Resorts & Entertainment Ltd., one of Macao’s six casino licensees, has decided to close its junket-run VIP rooms at City of Dreams and Studio City — two of its casino resorts — from late December, according to a document seen by Caixin.