Marina Bay Sands casino

Singapore’s Casinos Made a Mistake: Cutting Out the Junkets

Singapore wanted nothing to do with the often questionable gaming middlemen who proliferate in Macau. The gambling houses in Macau get around China’s currency controls by relying on so called junket operators to extend credit to mainland high rollers, a business model that has been linked to organized crime groups known as triads, says Steve Vickers, chief executive officer at risk consultant Steve Vickers & Associates. But lately, Singapore’s two casinos appear to be paying the price of their government restricting that setup.

Last modified: 
Apr 10, 2015