{"id":25324,"date":"2021-12-08T11:20:31","date_gmt":"2021-12-08T14:20:31","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=25324"},"modified":"2026-04-23T13:07:46","modified_gmt":"2026-04-23T16:07:46","slug":"casino-concessionaires-suspend-operations-with-tak-chun-junket","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/casino-concessionaires-suspend-operations-with-tak-chun-junket","title":{"rendered":"Casino concessionaires suspend operations with Tak Chun junket"},"content":{"rendered":"\n<p>Tak Chun, the second-largest junket operator in Macau, has confirmed that some casino operators have decided to temporarily suspend their partnerships.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- Junket operators are in the eye of the storm in Macau amid speculation that more concessionaires will break off their relationships. Now Tak Chun, the second-largest junket operator in Macau, has confirmed that some casinos have suspended their partnerships with the operator. It is unknown how many rooms or which operators have suspended operations with the junket operator.<\/p>\n\n\n\n<p>The development comes after\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/suncity-group-closes-all-vip-rooms-in-macau\">Suncity Group Holdings decided to close all of its VIP rooms<\/a>\u00a0in Macau until further notice following the <a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/suncity-group-chairman-arrested-in-macau\">arrest of Alvin Chau Cheok Wa<\/a>\u00a0on cross-border gambling and money laundering accusations.<\/p>\n\n\n\n<p>Tak Chun said its affected employees will receive higher compensation than that contemplated by the Labour Relations Law, including one month&#8217;s additional basic salary, seniority compensation, provident funds-for employees who have served for three years-and unapplied paid annual leave.<\/p>\n\n\n\n<p>Yesterday,\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-dicj-tells-junkets-to-stop-offering-credit\">a report published by Sanford C. Bernstein<\/a>\u00a0said that Macau\u2019s Gaming Inspection and Coordination Bureau (DICJ has issued\u00a0<strong>instructions to junkets to stop providing credit to customers\u00a0<\/strong>and to require prepaid cash to purchase chips.\u00a0Junkets will no longer be allowed to provide VIP gamblers with loans, one of the pillars of their business model.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tak Chun, the second-largest junket operator in Macau, has confirmed that some casino operators have decided to temporarily suspend their partnerships.<\/p>\n","protected":false},"author":176,"featured_media":25350,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Tak Chun, Macau's second-largest junket operator, has confirmed the temporary suspension of partnerships by several casino operators. This development follows Suncity Group's VIP room closures and new directives from Macau's DICJ prohibiting junkets from extending credit to VIP gamblers, fundamentally altering their business model.","focusai_entities":"Tak Chun, Suncity Group Holdings, Alvin Chau Cheok Wa, Macau\u2019s Gaming Inspection and Coordination Bureau (DICJ), Sanford C. Bernstein","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (0.9), operator_casino (1.0), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Junket Model Viability?","query":"What is the projected long-term viability of the junket operator model in Macau given the DICJ's prohibition on credit provision and the ongoing regulatory scrutiny?"},{"label":"Concessionaire Impact?","query":"How will the cessation of junket credit and partnership suspensions impact the GGR and NGR of Macau's concessionaires, particularly their VIP segment contributions?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23906],"class_list":["post-25324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/25324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=25324"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/25324\/revisions"}],"predecessor-version":[{"id":25341,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/25324\/revisions\/25341"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25350"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=25324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=25324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=25324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}