One of the big-three junkets in Macau intends to relocate some its VIP interests away from the MGM Macau – and into the Sands Corporation’s latest Asian venture.
[dropcap]T[/dropcap]he Tak Chun Group, one of Macau’s most powerful junket operators, has announced that it is to suspend operation at the MGM Macau in favour of the Sand Corporation’s soon-to-be-opened Parisian Macao resort.
According to a company-insider quoted by GGR Asia, Tak Chun ceased operation of its 15 VIP tables at the MGM Asia property last month. Whilst the source confirmed that the junket intended to jump ship to the new Sands property, the precise number of tables it intends to bring to the Parisian remains unclear.
Due to open later this month, the Parisian Macao was recently allocated a maximum compliment of 150 live casino tables – well below the target 450 the Sands Corporation had initially hoped for. An additional proviso from the Macanese authority limits the entirety of the new Sands’ allocation to the mass-market.
As was witnessed at the recently-opened Wynn Palace resort, many industry observers predict that the Sands Corporation will flesh out the casino floor at the Parisian with tables from its existing gaming estate.
In addition to Tak Chun, two other major junket operators – the Sun City and Guangdong groups – have both confirmed an intention to set up shop at the Parisian.
According to Asian gaming brokerage and consultancy firm the Union Gaming Group, the three competitors now control as much as 80 per cent of all VIP table-drop throughout the SAR.