Two junket licenses approved for Resorts World Sentosa, 12 others rejected

The management of Genting Singapore is probably surprised by joy.

The Casino Regulatory Authority (CRA) has approved junket licenses for two operators to work with Resorts World Sentosa (RWS).The CRA has rejected 12 other applications.

These junkets, or international market agents (IMAs), can extend credit to high-rollers or organize trips for them to play at RWS in exchange for commissions.

Carey Wong of OCBC notes: “We believe that the move is generally positive for Genting Singapore (GS), as it will bring a new source of high net-work players into its casino here,”

“Secondly, the move should also lead to an improvement in GS’ credit risk,” she adds.

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