Challengers tipped to shrink VIP gaming in Macau

Macau’s casinos face greater competition from casinos elsewhere in Asia for VIPs on gambling junkets, UBS says. The investment bank says competition may shrink Macau’s market for VIP gaming junkets by 4 percent or 5 percent. “We believe the junket VIP segment is subject to the most intensive regional competition amongst all gaming segments in Macau,” a UBS report says. “We expect junkets will be able to bring some Macau junket VIP businesses to other jurisdictions, especially in the Philippines, where we see the quality of product itself as quite high.”