{"id":27015,"date":"2022-02-07T07:45:21","date_gmt":"2022-02-07T10:45:21","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=27015"},"modified":"2026-04-23T11:34:37","modified_gmt":"2026-04-23T14:34:37","slug":"lvs-ends-cooperation-agreements-with-three-main-junket-promoters","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/lvs-ends-cooperation-agreements-with-three-main-junket-promoters","title":{"rendered":"LVS ends cooperation agreements with three main junket promoters"},"content":{"rendered":"\n

The casino operator has confirmed that it ended agreements with three junket operators in December 2021.<\/p>\n\n\n\n\n\n\n\n

Macau.-\u00a0Las Vegas Sands<\/strong>, the parent group of Sands China, has revealed in its annual report that it ended agreements with its three primary junket operators in December 2021.<\/p>\n\n\n\n

The group stated: “There can be no assurance we will be able to maintain or grow, our relationships with gaming promoters or that gaming promoters will continue to be licensed by the gaming regulator to operate in Macau, which could impact our business, financial condition, results of operations and cash flows.”<\/p>\n\n\n\n

The company added: “\u2018If a gaming promoter falls below our standards, we may suffer reputational harm, as well as worsening relationships with, and possible sanctions from, gaming regulators with authority over our operations.\u00a0<\/p>\n\n\n\n

“In the event a gaming promoter does not meet its financial obligations, there can be no assurance we may not incur financial exposure.”<\/p>\n\n\n\n

Several gaming concessionaires terminated their agreements\u00a0with junkets in December following the arrest of\u00a0Alvin Chau<\/a>, CEO of Suncity Group Holdings, on cross-border gambling and money laundering accusations.\u00a0<\/p>\n\n\n\n

After reporting that the number of junket licences has fallen from 85 in 2021 to 46<\/a> this year, Macau\u2019s Gaming Inspection and Coordination Bureau (DICJ) has confirmed that it is still evaluating whether 29 previously licensed junket operators will be allowed to operate.<\/p>\n\n\n\n

According to the proposed amendments to Macau\u2019s gaming regulatory framework<\/a>, junket operators will only be allowed to provide services to only one casino operator. <\/p>\n","protected":false},"excerpt":{"rendered":"

The casino operator has confirmed that it ended agreements with three junket operators in December 2021.<\/p>\n","protected":false},"author":176,"featured_media":26856,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Las Vegas Sands, through its subsidiary Sands China, terminated agreements with its three primary junket operators in Macau in December 2021, citing potential reputational, regulatory, and financial risks. This strategic move aligns with Macau's tightening regulatory framework, which has seen a significant reduction in licensed junkets and proposes limiting them to a single casino operator. The company acknowledges potential impacts on its business, financial condition, and cash flows.","focusai_entities":"Las Vegas Sands, Sands China, Suncity Group Holdings, Alvin Chau, Gaming Inspection and Coordination Bureau (DICJ)","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.9), operator_casino (0.95), payments_fraud_aml (0.85), investor_analyst (0.95), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Junket Termination Financial Impact?","query":"What is the projected financial impact on Las Vegas Sands' VIP segment revenue and EBITDA in Macau following the termination of junket agreements?"},{"label":"Macau Regulatory Framework Impact?","query":"How will the proposed 'one junket, one operator' regulatory amendment in Macau reshape the competitive landscape for premium mass and VIP segments?"}],"footnotes":""},"categories":[157,16338,158],"tags":[1642,23906,21680],"class_list":["post-27015","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-las-vegas-sands","tag-macau-casinos","tag-sands-china"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/27015","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=27015"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/27015\/revisions"}],"predecessor-version":[{"id":27053,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/27015\/revisions\/27053"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26856"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=27015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=27015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=27015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}