Dec 08, 2021 07:50 PM

CHINA

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

By Zhou Wenmin and Wang Xintong

Gaming tables sit at the Studio City casino resort of Melco Resorts & Entertainment Ltd. in Macao in October 2015. Photo: VCG

Gaming tables sit at the Studio City casino resort of Melco Resorts & Entertainment Ltd. in Macao in October 2015. Photo: VCG

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.

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