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Macau Golden Group terminates VIP operations

Group sent memo to staff noting ‘careful consideration’ and ‘grievous’ nature of the move.

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Group sent memo to staff noting ‘careful consideration’ and ‘grievous’ nature of the move.

ARTICLE BY

PUBLISHED

UPDATED: 22 Dec 2023, 4:45 am

Macau Golden group, one of Macao’s VIP gambling market players, terminated all VIP gaming operations yesterday. 

The group sent a memo to its staff on Sunday, informing them that the decision was made following “careful consideration” while understanding the “grievous” nature of the move, GGRAsia reported.  

The Gaming Inspection and Coordination Bureau (DICJ) has confirmed the decision by Macau Golden Group – a junket-investor partner to local casino operator SJM Holdings Ltd.

It is not known how many gaming tables and rooms were involved in the group’s operation, according to GGRAsia. 

Macau Golden Group’s junket VIP gaming operation has been located only at the Grand Lisboa casino.

Junkets have brought high-value players to Macao casinos’ VIP gambling operations. 

In November last year, Macao’s best-known junket mogul Alvin Chau Cheok Wa from Suncity Group, one of the city’s main junkets, was detained and the business shut down.

Earlier this year, Levo Chan Weng Lin, boss of junket brand Tak Chun, was also arrested for the same allegations of money laundering, illegal gambling and organised crime.   

Meanwhile, the majority of the city’s gaming operators had confirmed that junkets had ceased operations at their respective properties in Macao.

 

UPDATED: 22 Dec 2023, 4:45 am

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