No details from Sands China
The Venetian Macau has terminated its agreement with a junket operator that ran 15 VIP tables at the casino.
According to the Asia Gaming Brief, the Neptune Group’s Hao Cai Sociedade Unipessoal learned of the termination on May 31. Neptune also runs 10 VIP tables in Sands Macau and eight in the Grand Lisboa. For the year ended 30 June 2016, revenue contributed by Hao Cai amounted to approximately HK$115.1 million (US$14.7 million), or about 41.3 percent of total revenue.
Contacted by the Macau Business Daily, a Sands China spokesperson said the company “is unable to provide additional information in relation to the matter.”
In 2015, Hao Cai’s parent company closed its VIP table business in StarWorld, a casino of Galaxy Entertainment Group, due to a decline in the VIP business. In 2016, Neptune launched a money-lending business to diversify its portfolio.
