atans1

Higher rollers bring more bang for the buck

In Casinos on 07/07/2017 at 1:18 pm

FT reports about a HK listco IPI

In 2016, IPI posted $32bn in betting volumes from VIP players, according to the group’s annual report, despite having not fully opened its Saipan casino. According to the company’s 2016 financial report, that volume was generated by just 16 VIP tables at its temporary premises.  In comparison, in the same year, the Venetian Macao, one of the world’s biggest casinos, generated gross betting volumes from VIPs of $29bn, according to its annual report.

But the downside is that it’s now being investigated for money laundering and, there’s the problem of bad debts if the high rollers or their junket sponsors have problems paying.

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