Sentences with phrase «junket operators»
Melco Resorts & Entertainment will not resort to junket operators to bring VIP customers to the new tower at its City of Dreams Macau integrated resort, Lawrence Ho, CEO and Chairman of the major developer, has said.
http://www.casinonewsdaily.com/
A Chinese crypto firm has caught the ire of many junket operators after announcing that its digital coin may be used for transactions in Macau casinos.
The contractor was Suncity Group, one of Macau's largest junket operators, according to people familiar with the matter.
In a system prevalent in that market, junket operators bring high rollers to the casinos, front them cash and set them up in private rooms.
About 90 percent of North Korea's trade is with China, and Chinese junket operators are well equipped to use the formal banking sector and informal financial networks created by the Chinese traders and small businessmen who've crisscrossed the world for 1,000 years, says Andrew Klebanow, a senior partner at Global Market Advisors LLC in Las Vegas.
On Tuesday, casino billionaire Steve Wynn revealed that a junket operator in his Macau casinos — essentially a subcontractor — brought in clients whose winnings cost the casino more than $ 10 million in April, an astonishing swing for a business that can generate profit of as much as $ 50 million.