Junkets eye Cambodia’s VIP potential
Macau’s junket operators are increasingly focused on Cambodia, drawn in by growing business ties with China and its location between countries that don’t allow locals to gamble. SunCity Group, Macau’s largest junket, on March 1 launched its first VIP club at NagaCorp’s NagaWorld property in Phnom Penh, encouraged by the rapid growth in Chinese tourists to the kingdom. NagaCorp opened the second phase of its resort, Naga2, in November, adding a further 300 gaming tables to the property. Analysts say the new extension pushes up the standard of facilities and entertainment in Cambodia, increasing its appeal to VIP gamblers. In e-mailed comments to AGB, Suncity Group said the operator’s involvement in the kingdom highlighted the “great potential” in Cambodia’s VIP gaming market.
