Date
17 December 2017
The disappearance of a Macau junket operator has raised concerns of a credit squeeze in the enclave. Photo: Bloomberg
The disappearance of a Macau junket operator has raised concerns of a credit squeeze in the enclave. Photo: Bloomberg

Junket figure disappearance rocks Macau casinos, WSJ says

More than 100 people are believed to be pursuing a Macau junket operator who disappeared owing what is thought to be up to HK$10 billion (US$1.3 billion), the Wall Street Journal reported Thursday.

Huang Shan, a junket operator active in Macau’s gambling industry for around four years, vanished last month, according to several senior casino and junket industry executives investigating the matter, the report said. 

Junket companies bring mainland high rollers to the casinos, issue them credit and collect players’ debts in exchange for commissions, it said. Investors often fund the lending in return for fixed monthly dividends. Huang offered investors payouts of above the industry average, the Wall Street Journal said.

Industry watchers are concerned the incident could deter investors and lead to a squeeze on credit, it said. 

– Contact HKEJ at [email protected]

RA/SK

 

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