Macau's Junket Days Reported to be Over

From the former company of Hong Kong's millionaire gambling sightseeing trains in Kutsuka, the provision of a larg e-scale casino in Vietnam is the fact that the large Gambling industry in China is still the possibility of Southeast Asia.

Several organizers of the popular VIP tour as a junky, influenced by the crackdown on the Chinese government's Chinese government, have also transferred their business to storms and other regional networks. At this time, Vietnam has rebuilt the gambling operator in the district to acquire personal Chinese whales, and is likely to further reduce the number of besieged junk tours.

Macau's legislative pressure focuses on the struggle between money laundering and funding, and Chinese gamblers are often suspected.

Johnke, the operator of the flying area, has become a reputation as a person who can help the rich to carry his own money through the border of the special administrative district to play at a casino. There, I personally had the opportunity to make a profit in US Bucks and other foreign currency, and could be applied to real estate investment and offshore tax shelters.

However, the result of the pandemic for these customers is still felt in the territory area, and we do not want a lo w-profit rate to die to exchange currency units and Macau's subtle turmoil, so we do not want to die. The possibilities of Vietnam and other regional directions to the center for these asylum players remain doubtful. Gambling businesses, such as Macau, must, for example, to capture the personal parts of the market throughout Southeast Asia.

"I do not call myself JANKUTS, but it will give myself the same proposal, but in the past," In the past, "Australian Institute McCoori, it is actually attracting attention. I believe.

Vietnam has become a node of a vibrant Chinese gambling tourism activity and looked like a pandemic that was later resumed. Junky dives underground in Macau, but Vietnamese gambling companies are already known as "international tour operators" and have a place that appeared as well.

Their organization has a limited coverage than the Macau giant in front of them. Generally, Southeast Asia says, "In principle, they suggest what we are called random junkies," says Ben-Lee-Game's consultant.

This contrasts with Macau's previous tour operators, who followed a mostly vertically integrated model in which gambling operators operated junket rooms in various casinos. There, they could hire their own cashiers, food and beverage staff and even drivers thanks to the huge market share of wealthy Chinese, Li explains.

Currently, Southeast Asian junket operators have no opportunity to work with Chinese people because they don't have a network in the country. Their main market is a few Southeast Asian countries, where there are few Chinese players, Li says.

Currently, only a few regional companies have the power to break through.

Hoiana, an integrated casino resort with a multi-billion dollar turnover, could be one of them. It is spread across 1, 000 hectares of land in the Chu Lai Open Economic Zone, south of Da Nang, Vietnam.

"Hoiana is probably one of the first five-star resorts targeting the Chinese market," Li says. "But at the end of the day, there are fewer patrons in mainland Vietnam compared to mainland China resorts."

The casino resort did not respond to a request for comment, but in an interview earlier this year, Hoiana president and CEO Steve Wolstenholme said that since the pandemic and the return of Chinese tourists, Hoiana has focused on “diversifying our products and services, particularly for our premium guests.”

The entrance to Hoiana Casino Resort outside Da Nang, Vietnam. Photo by Coby Hobbs for Southeast Asia Globe.

In recent months, control of Hoiana appears to have shifted from LET Group Holdings (formerly known as Suncity Group and one of Macau’s biggest junket party organizers before the turmoil) to Hong Kong tycoon Cheng Cheng’s family through its flagship investment vehicle, Chau Tai Fook Enterprises.

The family had deep ties to Suncity before the now-defunct tour operator was effectively shut down by Macau police.

The late Cheng Yue Tong family patriarch, an investor in Macau's gambling industry, is alleged to have worked with triad organisations such as 14K and Sun Ee On in the 1980s. Macau prosecutors say he did business with notorious 14K leader Van Quoc Khoi, better known as "Broken Tooth" Khoi, before his dramatic arrest in 1998.

Later, the Chen clan began to work with Herbin Cou, a rumored person of carp. Chow established his company in 2007, summarized the status of Chinese VIP players, and later became interested in real estate development. However, his victory was basically a sight of Chinese authorities banning junk, and in 2021 he was basically taken away and led to the failure of the branch.

Last year, San City was officially renamed the Let Group, and during that time Chow was waiting for Macau's court with 286 criminal accusations, including fraud and money laundering. In January, Chow was guilty of a crime organization and was sentenced to 18 years in prison.

San City has been participating in the public recruitment of Hoyan development, and has been established in this plan, which has been reported in recent years.

The recently announced change of control was made at the same time as Chow was imprisoned in Cthuzka and then closed Macau's Sun City VIP. In addition, Macau's DZHANET-official crime and money laundering were enhanced by the operators who were sent documents and their beginners.

Jeremy-Douglas, the United Nations in Southeast Asia and the Pacific Ocean regions (UNP UN) in the United Nations (UNP UN) in the worst and year of HOIAN, in search of a more positive Jankene boss and your own money. I am afraid that I have the ability to freeze for the player.

In Vietnam, there is no special license mode for sightseeing trips related to gambling in real time. Last but not least, HOYANA performs much more clean work than sad casinos spreading in a special financial zone in almost more than more.

Regional casinos in these financial zones (SEZ) are often used in the model of a casino that is created as a cover for cleaning funds for fund washing in sinches in China and the region. Apart from this, there are all opportunities to realize illegal jobs, such as cyber avian dance, personal trading, drug buying and selling, and beast secret sales.

Unfortunately, some areas, such as the famous Laos U's Golden Triangle, are created by the sel f-control of syndicate cocks that have emigrated from China. The Golden Triangle Economic Special Zone is organized under the management of the Kings Romance Group, and the group is owned and managed by the top of syndicate, Zhao Yi.

Other economic zones are densely populated in the Mekong River basin and are closely related to the casino.

According to UNODC maps and information, there are more than 100 casinos in 13 economic zones in Myanmar, and Vietnam has 41 casinos in 44 economic zones.

By diversifying leisure, convention, and intermediate, it ensures casino coverage and legitimacy.

John Langdale

The prospect that the legal zone will be generated in these zones has attracted the authority of the authorities, which led to the strengthening of China's departure visa. However, thanks to its close and limited autonomy, Macau is still a destination for excellent gambling.

Macau, formerly a Portugal colony, did not realize that junket operations were closed in this area, devised an underground model, searched for a lon g-term gambling trip. It offers enough space for famous Chinese gamblers.

"Most people have noticed that the junket agents are still working in Macau, but they are no longer politically no longer called the junket," Lee says. "Now, the casino acknowledges them as a player.

As a program player, the junket operator has a chance to get a casino private VIP room with a fairly large ba y-in. After this, the junket operator has a chance to provide a private game experience to a "friend" by trading directly with the casino. Later, the scout r e-distributed the ba y-in chips to their friends, and they explained that they were effectively regarded as their own buyer.

"They are not profitable, but they are doing it to keep their business with their own players waiting for their players to visit casinos in the region."

On the other hand, Vietnamese operators also want to cooperate with Macau's experienced casino consessor.

Tour operator Let's Win Group holds a sof t-in vension in HOIANA HOTEL in February 2022, and in March this year a Grand Opening Ceremony and Galadiner of its own VIP club, and six casinos from Macau. Shonor was invited.

However, while Vietnam prefers foreign capital from big games and tourism industries, he has strictly restricted loans to residents in other countries. In particular, this leads to a bureaucratic problem when Junko Dia Spola enters the country.

According to Langdale's text, Hoihana is also reminiscent of a popular "integrated resort" model like the Singapore Sentosa Peninsula, created by the Gambling industry as a cover for updating Macau's outdated junket models. Let me In the case of Singapore, the junket is prohibited by law, so it is effectively covered the precedent that the true money can be obtained from the high roller.

"I will imagine a friendly, healthy, family resort instead of a smoky casino with Chinese gamblers who are gambling 24 hours a day," he imagined.

The integrated resort model emphasizes the atmosphere of an entertainment space that can be enjoyed by the family and encourages the convention of the convention. "Hoi An appeals to be a resort and golf destination, but VIP players still visit," Langdale said.

"Diversifying leisure, convention, and everything else ensures the casino coverage and legitimacy," he added. "By acting as an integrated resort, casino operators can no longer rely on gambling fans.

Langdale believes that Vietnam will follow it as Thailand has begun to alleviate vis a-based standards for Chinese tourists. This has the potential to attract the interests of existing Chinese tourists and traders looking for a landing point to escape cash.

"Hoi An is one of the devices that makes it possible. According to Langdale's text, Hoihana also created the gambling industry as a hidden cover to update Macau's outdated jacket models. , Reminiscent of a popular "integrated resort" model like the Singapore Sentosa Peninsula. In the case of Singapore, the junket is prohibited by law, so it is effectively covered the precedent that the true money can be obtained from the high roller.