![]() Junkets also bankroll their VIP clients by serving as bank-like entities, lending money to players and collecting debts. In essence, junkets are responsible for a large portion of the casinos’ VIP revenue. Junket operators reach out to wealthy gamblers directly and lure them to Macau by offering luxury travel and accommodation promotions and other personalized services. ![]() Macau’s junket operators work with the casinos to usher in critical VIP gamers. Here’s a closer look at what the junket operators do and why junkets play a critical role in Macau. ![]() (NYSE: LVS) and MGM Resorts International (NYSE: MGM) all traded lower Friday on new reports that one of Macau’s major junket operators may be facing a liquidity crisis.Īmerican casino investors may not be familiar with Macau’s junket system because Las Vegas and other American gambling destinations have no comparable operation. Shares of Macau casino operators Melco Resorts & Entertainment Ltd(ADR) (NASDAQ: MLCO), Wynn Resorts, Limited (NASDAQ: WYNN), Las Vegas Sands Corp.
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