Casino operator Donaco International has enlisted the help of junket operator Heng Sheng Group to funnel VIP gamblers to Donaco’s Star Vegas casino in Poipet, Cambodia.
The two parties announced this week that they’d signed a three-year deal under which Heng Sheng will bring high-rollers to a new VIP gaming room at Star Vegas that will open in mid-September. The new room will feature up to 50 baccarat tables, which will be manned by Donaco-supplied dealers, while Heng Sheng will handle customer service.
The two parties have agreed to split the room’s profits, with the larger share going to Heng Sheng. In exchange, Heng Sheng will pay all junket commissions and Donaco will not face any liability from bad debts arising from insolvent VIPs.
Heng Sheng has also guaranteed a certain minimum win rate and a minimum turnover of THB 3b (US $84.3m) per month. The new room will cater entirely to new business for Donaco and will have no impact on Star Vegas’ existing Thai customer base.