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2017 Inside Asian Gaming Power 50: Number 23 - Levo Chan

Tuesday, 05 December 2017 13:43
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23 Levo Chan

CHAIRMAN AND CEO
Tak Chun Group

POWER SCORE
1,076

LAST YEAR
26

CLAIMS TO FAME
• A Macau junket veteran, having started in the 1990s before liberalization
• Opened first VIP room in StarWorld, the StarWorld Tak Chun VIP Club, in 2007

It’s been a good year for Macau’s junkets. Fresh from reports – usually from foreign media outlets with little or no on-the-ground experience – that VIP gaming was on its deathbed, the industry has instead surged in 2017 with revenue up by double digits for the past 12 months and a peak of 36% in October.

Leading the charge have been none other than Macau’s “Big 3” junkets – Suncity, Rich Goldman (formerly Neptune Group) and of course Tak Chun, who have wasted no time in seizing the opportunity by increasing their market share.

Tak Chun boss Levo Chan has been the driving force behind his group’s strategy in this regard, noting the company had decided to ramp up operations rather than winding them down when the squeeze came.

 “Take the current situation of Macau’s gaming industry as an example,” he said in an interview with IAG CEO Andrew W Scott in 2016. “Macau’s gaming industry has now declined compared with a few years ago. Faced with this dilemma, many VIP Clubs chose to reduce business to remain in operation but Tak Chun hasn’t reduced its business, instead we have set up new VIP Clubs in Altira and Galaxy Phase 2 – constantly expanding our offering.”

Tak Chun has done so by following the obvious flow to Cotai with new rooms set up at the Parisian and Wynn Palace. And it isn’t slowing down anytime soon with the group telling IAG it will launch another three junket rooms at Macau IRs in the coming months, starting in December 2017.

To return to the full list of 2017 Asian Gaming Power 50 winners, click here.

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