Jimei Group, headed by one of Macau’s most experienced junket chiefs, Jack Lam, will establish a presence at Crown Perth in western Australia, reports GGRAsia.
In an announcement, the company?formerly Sinogreen Energy International?said it plans “to promote approximately 8 to 10 gaming tables” under a new arrangement with the Crown Resorts property. According to a recent filing, Crown Perth will be responsible for the casino tax.
The move comes shortly after New South Wales banned “any new business activities or transactions of a material nature between Stanley Huang Sun Ho or a Stanley Ho associate and Crown, any of Crown’s officers, directors or employees” as a condition of Crown Resorts getting a casino license in Sydney.
Sinogreen Energy, which once traded in silicon rubber keypads and other tech products, was taken over by Jack Lam Yin Lok last year. Lam has been described as a longstanding participant in the Macau junket business, which caters to high rollers.
Following the approved name change, Jimei reported a loss of HK$17.74 million (US$229 million) for 2014, according to the Macau Business Daily. Lam acquired 65.85 percent of Sinogreen in September. Since then, the company has been “actively exploring the possibility of extending its business into the gaming and entertainment market to broaden its income sources.”
