Inside Asian Gaming

inside asian gaming september 2016 46 Asian Gaming POWER 50 2 0 1 6 Times may be tough for Macau’s VIP business, but that hasn’t slowed Jack Lam. The Guangzhou-born tycoon, who owns junket operator Jimei Group, has reacted to the sector’s recent plunge by expanding his business to foreign frontiers – most notably Australia. Through his Hong Kong-listed Jimei International Entertainment Group, Lam signed a junket agreement with Crown Perth in February last year to promote “eight to 10” tables. Three months later a similar deal to operate seven tables was announced with Cambodia’s NagaWorld. And in November Jimei International added The Star in Sydney to its portfolio with a deal to run at least six tables. That partnership already looks fruitful with The Star out-performing Jack Lam CHAIRMAN Jimei Power 588 last – Score year Claims to fame One of the Macau junket industry’s most experienced executives Led the trend of junkets operating their own casinos 44 Melbourne rival Crown in VIP revenue for the very first time in the first six months of 2016, bringing in AU$320.5 million – up 7% year-on-year. During that same period, VIP revenue in Macau fell 15.7%. As Chairman of Jimei Group in Macau, Lam’s interests also extend beyond only junkets. Most prominent of those interests is Jimei Casino, located on the Macau peninsula, which Jimei Group runs under license from SJM. It also owns and operates the highly successful Fontana Leisure Parks and Casino at Clark Special Economic Zone in the Philippines – a resort on part of the former US Clark Air Force base that is designed like a US suburb. Andrea Domingo CHAIRMAN AND CEO Pagcor Power 571 last – Score year Claims to fame Former head of the Philippines Bureau of Immigration Helped organize volunteer groups for President Duterte’s election campaign 45