A junket-driven VIP slot room—the first of its kind—opened at the Jimei casino in Macau over the weekend, and industry experts are keeping a watchful eye on it.
Union Gaming Group analysts said the VIP slot room, which contains 130 machines, was funded by traditional junket investors, including a “junket investor who is a well-known VIP slot player at an existing Big 6 casino” in the city state.
The Big 6 operators—Galaxy Entertainment, Melco Crown, MGM China, Sands China, SJM Holdings and Wynn Macau—already offer high-limit slots, but the recently-opened VIP slot room is the first slot parlor that will be run not “like a junket” with a rolling program, providing services such as extension of credit, cashback and rebate on losses.
According to the analysts, the slot parlor’s opening indicates that the junket sector is willing to try an idea, which it wouldn’t even have dreamed of doing in the past, if it will result in a much-need boost to the sector’s rapidly declining revenue.