Macau VIP rooms closing amid corruption clampdown

Some 50 VIP rooms in Macau may close amid China’s clampdown on corruption, the Macau Daily reported, citing unnamed sources.

The rooms have also cut the minimum rolling chip turnover required per table to open a VIP room to 200 million patacas ($25 million) from about 300 to 400 million previously, it said.

However, the closures may be a positive thing for the industry following several years of rapid expansion, as some are not as well regulated as they should be, the newspaper cited the source as saying. Also, amid the current liquidity squeeze some are unable to chase down loans left by high rollers.

 

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