Venetian Macau has cancelled the right of one of Neptune Group’s junket partners to run high roller tables on the integrated resort’s casino floor, the junket operator revealed.
The Hong Kong-listed casino junket operator has rights in sharing profit streams from four junket businesses in Macau: Hou Wan, Neptune Ouro, Hao Cai, and Hoi Long.
But in a Friday filing to the Hong Kong Stock Exchange, Neptune said that Hao Cai informed its board “that Venetian Macau Ltd had on 31 May 2017 issued a written notice to Hao Cai to terminate the gaming promotion agreement dated 30 December 2016… with effect from 30 June 2017.”
Venetian Macau holds a Macau gaming license on behalf of Sands China, a subsidiary of Sheldon Adelson’s Las Vegas Sands.