• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Sunday 28 September 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

Concessionaires on notice as court confirms Wynn Macau jointly liable for Dore junket debt

Ben Blaschke by Ben Blaschke
Wed 24 Nov 2021 at 04:22
Wynn Macau

Wynn Macau

95
SHARES
2.4k
VIEWS
Print Friendly, PDF & Email

Macau’s casino operators could be liable for any debts left by defunct junkets under a landmark ruling by the Court of Final Appeal.

According to a report by TDM Radio Macau, the Court of Final Appeal (TUI) last week upheld a 2018 decision by the Court of Second Instance which found Wynn Macau Ltd and junket promoter Dore Entertainment Co Ltd jointly liable for repayment of a HK$6 million (US$770,000) debt owed to a VIP customer.

The debt relates to the high-profile theft of up to HK$700 million (US$90 million) from Dore’s VIP room at Wynn Macau in 2015. Following the theft, four players took the matter to court seeking a combined HK$64 million (US$8.2 million) they claimed to have deposited with the junket. However, only one of those players was able to produce a receipt proving his deposit, with the Court of First Instance subsequently determining Dore was solely responsible for the HK$6 million owed to him.

In 2018, the Court of Second Instance overturned that decision, ruling instead that Wynn and Dore were jointly responsible – a decision now backed by Macau’s top court.

“It seems clear and evident that gaming promoters will have to be included among the contracted entities for the development of the activities that comprise the concession … thus being equally evident that this is a legal public relationship. which characterizes the concessionaire’s subjection to a public law regime,” the ruling reads.

Current legislation does not exclude “non-contractual joint liability towards third parties of the concessionaire.”

The decision has potentially huge ramifications for the industry given the intimation that concessionaires could be held liable for any debts left outstanding by junket promoters to their investors should they go broke.

In an article published in Gaming Law Review in March of this year, former senior advisor to Macau’s Secretary for Economy and Finance, António Lobo Vilela, warned the TUI’s decision – which was pending at the time – would “reshape forever the relationship between casino operators and gaming promoters, finally understanding that the latent financial risks could eventually outweigh the perceived profitability of the VIP gaming.”

Macau’s VIP industry has been in decline for a number of years now, with just 85 licensed promotors as of January 2021 – the lowest number since just 77 were licensed back in 2006, according to figures from the Gaming Inspection and Coordination Bureau (DICJ).

The number of licensed operators peaked at 235 in 2013 but has fallen in seven of the past eight years including a decline of 10 from the 95 operators licensed in January 2020.

It is expected that number will continue to fall given the impact of the COVID-19 pandemic on regional travel and China’s crackdown on cross-border gambling.

As reported by Inside Asian Gaming, VIP baccarat contributed just MOP$5.96 billion in gross gaming revenue in 3Q21 compared to MOP$31.09 billion in the same period in 2019, while its share of Macau gaming revenue fell to 31.5% – less than half of the 73% share it held back in 2011.

RelatedPosts

IEC issues profit warning on widened losses through December 2021

IEC falls to US$36 million loss in FY25 but 200% increase in gaming revenues suggests bright future for Manila IR project

Sat 27 Sep 2025 at 11:56
MGM China to remodel its Macau integrated resorts to add more MICE and arts space

MGM China issues warning over deepfake video of Chairperson and Executive Director Pansy Ho

Fri 26 Sep 2025 at 04:28
Melco volunteers assist Macau community affected by Super Typhoon Ragasa

Melco volunteers assist Macau community affected by Super Typhoon Ragasa

Fri 26 Sep 2025 at 04:27
Days after satellite casino Grand Dragon ceases operations, Melco completes closure of first Mocha slot club Kuong Fat

Days after satellite casino Grand Dragon ceases operations, Melco completes closure of first Mocha slot club Kuong Fat

Thu 25 Sep 2025 at 16:24
Load More
Tags: casinodebtDore EntertainmentJunketsMacauVIPWynn Macau
Share38Share7
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – Flipping the script

Editorial – Flipping the script

by Ben Blaschke
Thu 28 Aug 2025 at 12:30

This month represents an important milestone for Inside Asian Gaming as we launch IAG EXPO – an expansion of the...

Asia market roundup

Asia market roundup

by Ben Blaschke
Thu 28 Aug 2025 at 12:26

Inside Asian Gaming takes a deep dive into the state of Asia-Pacific’s key gaming markets: who’s hot, who’s not and...

Rewriting the rules

Rewriting the rules

by Newsdesk
Thu 28 Aug 2025 at 11:43

IAG EXPO, taking place at Newport World Resorts from 8 to 10 September, is not your usual trade show. IAG...

Test of character

Test of character

by Newsdesk
Thu 28 Aug 2025 at 11:28

Since its establishment in 1989, Gaming Laboratories International (GLI) has developed into the world’s most trusted name when it comes...

Evolution Asia
Evolution Asia
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
NWR

Related Posts

IEC issues profit warning on widened losses through December 2021

IEC falls to US$36 million loss in FY25 but 200% increase in gaming revenues suggests bright future for Manila IR project

by Ben Blaschke
Sat 27 Sep 2025 at 11:56

Hong Kong-listed International Entertainment Corp (IEC) said it remains confident in the long-term prospects of its Manila hotel and casino project after booking a 200% year-on-year increase in gaming revenue in the 12 months to 30 June 2025. While increased...

1xBet celebrates role as industry flagship at SBC Summit 2025

1xBet celebrates role as industry flagship at SBC Summit 2025

by Newsdesk
Sat 27 Sep 2025 at 11:32

Global sports betting brand 1xBet has celebrated its participation in this year’s SBC Summit, noting that its standing as Premium Sponsor highlighted the company’s role in industry growth and the significance of the European region for the brand. 1xBet said...

Football the focus as Vietnam revises sports betting decree

Vietnam considering revised US$380 daily betting cap on international football

by Newsdesk
Sat 27 Sep 2025 at 09:06

Vietnam’s Ministry of Finance wants to update the maximum amount individuals can bet on international football matches per day, with the current VND1 million (US$38) allowed per category to be replaced by a daily limit of VND10 million (US$380 million),...

FBM to unveil multiple slot title premieres at G2E in Las Vegas

FBM to unveil multiple slot title premieres at G2E in Las Vegas

by Newsdesk
Sat 27 Sep 2025 at 08:45

Industry supplier FBM has outlined the product range it will showcase at the upcoming Global Gaming Expo (G2E) in Las Vegas, headed by new slot titles “Lanterns of Fu” and Hippo’s Lock”. Located in Booth 2848, FBM said it would...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文
  • 日本語

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English
  • 日本語