Analysts expect Macau’s VIP revenue to contract a further 30-50 percent in the coming weeks following the detention of a high-profile junket executive in Macau.
The latest events are a harsh wake-up call for Macau, which had been considered more immune than its neighbors to China’s ongoing cross-border gambling crackdown.
Responding to these significant events, Asia Gaming Brief is organizing a pop-up forum entitled “Is this the end of junkets?” on Thursday, December 9th, 2021 from 4pm - 5pm HKT.
During this forum, industry experts will discuss the implications for Asia's VIP and junket market providing several revenue scenarios for VIP and premium mass, discussing the impact on ex-Macau gaming jurisdictions, how this changes the online gaming landscape, and providing a bigger picture view of China and its latest spate of crackdowns.
Speakers confirmed include:
- Alidad Tash, Managing Director, 2NT8
- Ben Lee, Managing Partner, IGamiX Management and Consulting
- Martin Purbrick, Principal, Purbrick& Associates Ltd
- Steve Vickers, Founder, Steve Vickers and Associates
-Kelly Amato, Director - Southeast Asia Industrials, Fitch Ratings
- More to be announced soon.
You can register for the webinar now on AGB's website.