Move restores about 40 tables
Macau junket operator Suncity Ltd. has reportedly taken over a revamped VIP gaming area at Wynn Macau.
According to Union Gaming Research Macau Ltd., the move was set to be complete last week.
In a recent conference call announcing the company’s 2014 fourth quarter results, Gamal Aziz, president of Wynn Macau, said the company has “eliminated the weaker junket operators” and “saw safety and security by dealing with only the strongest operators financially.”
“We’ve given our two new rooms to Guangdong and to Suncity,” Aziz said. “And Suncity is financially probably the most powerful of the junket operators.”
The Suncity space, along with a newly refurbished premium mass space, “will represent the property bringing back online about 40 gaming tables that had been offline for most of 2014,” according to Union Gaming analysts. These tables represent a 10 percent increase in the number of gaming tables being used, and analysts expect that at least half of these will be allocated to premium mass, “while the balance will be VIP.”
Earlier this month, Suncity owner Alvin Chau Cheok Wa said mass-market players could not replace the VIP sector, which has shrunk since the crackdown on corruption by President Xi Jinping.
