Published
Land-BasedCasino

SkyCity to stop dealing with junket operators

SkyCity Entertainment Group Limited has announced it will “permanently cease dealing with all junket operators, effective immediately, and continue to operate its International Business division under a revised operating model.”

skycity vnews

The decision was implemented after the board completed a strategic review into its International Business division. The plan to stop working with junket operators was first indicated in February 2021, as part of SkyCity's interim results announcement for the six months ending in December 2020.

“Under the revised operating model, SkyCity will deal directly with International Business patrons after appropriate know your customer and customer due diligence requirements are satisfied,” a statement read.

SkyCity assured it will consult with gaming regulators in New Zealand and South Australia in relation to the revised operating model.

Junket operators organize tours to bring third parties to the casinos; they facilitate gambling for high-rollers and also collect commission from the casino based on the collective gambling of the players.

The company provided no reason why it ended the arrangement with junkets, but the decision was likely influenced by the ongoing inquiries into one of Australia’s more prominent casino operators, Crown Resorts, after the allegations of money laundering.

Crown was investigated for poor governance, with regulators suspending the operational license for Crown’s new Sydney casino, with its Perth venue still undergoing the investigation conducted by a Royal Commission.


Casino News Sponsor
Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Nederlandse Loterij
Relax Gaming
Hoiana Resort & Golf
Tipico
Follow Us

Facing Facts: Q1 2024 analysis from across the globe

Gambling Insider tracks the Q1 results of operators across t...

Taking Stock: A guide to sports betting operator and supplier prices

Gambling Insider tracks sports betting operator and supplier...

Tailor-made: The power of personalisation in the modern gaming industry

With insights from GR8 Tech, Greentube and the Oregon Lotter...

Sportradar and the Taiwan Sports Lottery: More offerings, greater efficiency

Danny Fok, VP of Strategic Projects at Sportradar, speaks al...