Andrew Klebanow quoted in This Week In Asia
Posted on
October 25, 2016
Macau junkets are finally on a roll, but will it last?
by Muhammad Cohen
After haemorrhaging money and prestige since early 2014, Macau’s junket promoters’ luck appears to have turned. This month’s re-emergence of junket executive Huang Shan, who allegedly embezzled US$1.3billion, and the detention in mainland China of 18 Crown Resorts employees suspected of illegally promoting gambling should benefit Macau’s junkets and VIP sector that still accounts for roughly half of the global casino capital’s gaming revenue.
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