Macau | Tak Chun Group interested in expansion in Cyprus, South Africa - CFO

The CFO of junket operator Tak Chun Group discusses overseas and local expansion plans with media as well as its business performance

Macau (MNA) –  Chief Financial Officer (CFO) of junket operator Tak Chun Group, KH Tsang told media after an event that Tak Chun was considering opening casino VIP rooms in Cyprus and South Africa.

This announcement came after the expansion of the groups’ VIP room on the 11th floor of Galaxy Entertainment Group’s StarWorld Casino (pictured below), which has 16 gaming tables and seven VIP rooms.

Tak Chun VIP Club in Starworld Casino

In addition, Mr. Tsang told media VIP room for MGM Cotai did not yet have a confirmed date as the junket was still co-ordinating with MGM China.

MGM China, without naming a specific date, wrote in its interim report for the first half of 2018 on Wednesday that its “new VIP gaming areas are anticipated to be opened by October’s Golden Week of 2018, with addition of a number of significant gaming promoters.”

According to Mr. Tsang, the rolling rate in Tak Chun’s VIP room was 1 to 3 per cent, around the average which he had predicted this year.

Tsang also told journalists that the average revenues were 30 per cent up year-on-year, although he declined to name an exact figure.

This year, the company has opened VIP rooms in Sands China’s Four Season’s the Plaza Macao property in February and also at the Macau Roosevelt Hotel in May.

In addition, Tak Chun has planned a VIP club in the Vietnamese city of Da Nang, according to a report in Gaming Vietnam although the company had refused to name which property the club would open.

The junket also operates out of Philippines and South Korea.

Tak Chun was one of the five confirmed junket operators that would open in the revamped MGM Cotai, according to Grant Bowie, the CEO of MGM China, quoted in a report by Inside Asian Gaming.