VIP baccarat rooms generated $4.46 billion in gross gaming revenue between April and June.<\/strong><\/em><\/span><\/p>\nWhile such statistics represent welcome casino earnings, investors are concerned the wins could encourage authorities in Beijing to look even more closely at financial transactions on the island, which could refocus efforts to stop such third-party VIP hosts, a crackdown that many believed had subsided.<\/p>\n
Some analysts have recently opined that the anti-corruption crackdown was easing, though Jinping has made no such suggestion publicly.<\/p>\n
The DICJ report also revealed that Macau casinos, in the wake of earlier threats of junket crackdown, had recently begun reshaping their marketing strategies to appeal to the more moderately staked masses. With those efforts underway, slot and table gaming from the general population totaled $3.36 billion in the latest report, an 8.1 percent increase.<\/p>\n","protected":false},"excerpt":{"rendered":"
Investors folded on Macau casino stocks after Suncity Group, the region’s biggest VIP junket company, reportedly warned its employees to take extra caution when moving money to the Chinese enclave where gaming is permitted. Wynn Macau, traded on the Hong Kong Stock Exchange, lost nearly five percent of its share price on the news. Galaxy […]<\/p>\n","protected":false},"author":42,"featured_media":54730,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18,61],"tags":[],"acf":[],"yoast_head":"\n
Macau Casino Stocks Plunge with VIPJunket Ops in Beijing's Crosshairs<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n