Macao casino operators count cost of junket crackdown

Companies set aside millions for potential losses, see drop in VIP betting

20220302 MGM Cotai

MGM Resorts cited increased regulatory scrutiny and restrictions for its decision to suspend links with Macao junkets, which cut into its revenue.  © Reuters

ZACH COLEMAN, Nikkei Asia deputy editor

HONG KONG -- After weeks of silence about the abrupt disappearance of the junket agents who had been top sources of clientele for years, Macao casino operators are finally acknowledging the impact on their business.

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