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The World Tonight: Junket operators bring high rollers to casinos

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TV Patrol: Casino junket operator, nagtangka umanong manuhol ng opisyal ng gobyerno

So it seems that there has long been something surreptitious and ethically suspect about junkets. Here is how Cathy Hsu, Casino Industry in Asia Pacific: Development, Operation, and Impact distinguishes between junkets and junket operators in a brief glossary: junket: A group of players who travel to the casino specifically for the purpose of gaming. If the junket operator can facilitate working capital for the [junket] agents , agents will be more eager to direct their customers towards the business interests of those junket operators. My first advice to anyone considering going on a junket is to make absolutely certain he understands what is expected of him. Once fired by a casino, the junket agent has little chance of getting dates at other casinos. Junket agents in turn pay for chips, or obtain them on credit, for their share of these customers. Here is how Cathy Hsu, Casino Industry in Asia Pacific: Development, Operation, and Impact distinguishes between junkets and junket operators in a brief glossary:. Active 3 years, 11 months ago.

It only takes a minute to sign up. Anyways, that was a blast. Mari-Lou A Seems to me that what is a casino junket representative " Junkets " are people in the trade of arranging " junkets ", which means " pleasure trip "; in this case, making arrangements for rich mainland Chinese to make pleasure trips what is a casino junket representative Macau.

When he arrives, his chips are waiting for him. I've had the benefit and pleasure of reading the other answers.

While casino collection tactics may be controlled, the danger lies in running up a bad debt on a junket. Junksb. Javanese djong occuring in compositions of 13th c.

Usually an independent agent, who negotiates a what is a casino junket representative for players of the junket group and is paid a commission based upon the actual mix of games. The only other potential derivation I can see is from the Chinese click known as " Junks ", which are often used as pleasure craft or for tours and cruises.

The determiners are junket commissions and working-capital facilitation. The best answers are voted up and rise to the top. It's also possible that it's just an odd local usage, like "Shroff" in Hong Kong for a cashier what is a casino junket representative a car park. Popularly associated with Devonshire, but answering to the 'curds and cream' of other districts.

Talk to the junket organizer and get the facts on all four of the casino's criteria. Any dainty sweetmeat, cake or confection; a sweet dish[ A feast or banquet[ A fascinating nexus of meanings and diverse influences Josh61 You're welcome!!!

Sven Yargs Sven Yargs k 23 23 gold badges silver badges bronze badges. Junket operators bring VIP customers into the casinos and casinos typically work with a handful of junket operators or room operators who, in turn, run perhaps thousands of junkets on a full- or a part-time basis.

The name is now applied to Chinese, Japanese, Loochoo, Siamese, and other vessels of this type; early writers applied it still more widely to Malay, Javan, and even South Indian native vessels.

When he cashes out, his winnings are paid in Hong Kong dollars, which he can stash in a bank in Hong Kong or take farther afield. Asked 6 years, 1 month ago. The B-forms in sense 2 may be directly from med. How much must you generate in markers? Often the cost of the food, lodging and transportation for these players is paid by the casino.

Spehro Pefhany Spehro Pefhany 8, 1 1 gold badge 23 23 silver badges 43 43 bronze badges. Now dial. Articles from the NED late 19th :. Home Questions Tags Users Unanswered. Here, as reproduced in E. Sign up to join this community. Post as a guest Name.

Junket Representative โ€”The person responsible for organizing a junket. Active Oldest Votes. Sign up using Facebook. Junket โ€”A group of players who travel to a casino for the primary purpose of gambling at that casino. See junket. In any case, although it is risky to suggest The Economist got it wrong, I don't think the article is using the word correctly. The person supplying the junket could be called a junketeer, but that seems to more commonly be defined as the person on the receiving end. A higher commission will also allow junket operators to rebate more to its agents, who can pass on more to their customers. The higher commission that casinos pay, the more incentive the junket operators have to bring customers to that property. J'ai perdu un jonchet. Junket operators typically have to prepay the casino for a certain number of non-negotiable chips. Also referred to as a Master. Une jonque chinoise. Forms: a. As casino operators target more VIP business, junket operators will look to increase their commissions, narrowing margins for the casinos. Jouer aux jonchets. Junket , sb. Ask Question. Why is this definition used to refer to the specific business shown in the extract below, and what is its literal meaning? That's all. How long must you play and how much must you bet? Perhaps a more important consideration here is working-capital facilitation. Here is a tangential supplement on etymology , which may provide some insight into the original word and the general context also this you refer to. Here's a related extract and note from the NED for Junk :. The earlier English forms are from other European langs. Other articles refer to "junket operators", "junket promoters", and "junket agents". As alluded to in the comments, there is also the boat with reference to chinese pinyin and cantonese pronunciation 1 :. Viewed 14k times. It is flat-bottomed, has a square prow, prominent stern, full stern, the rudder suspended, and carries lug-sails. Junket agents arrange for groups of large bettors to take these complementary trips asking only that the gambler play at the sponsoring casino for a certain number of hours at a specified betting level. A junket is a free excursion, trip or celebration, generally supplied in the hope of gaining something from the person being treated. Ce jonchet est un des miens. From The Economist. As used in the article from The Economist of December 10, , junkets appears to be a short form of junket organizers or junket agents โ€”where junket refers to a contractual arrangement that includes an expenses-paid trip to a casino but that also imposes various requirements on the prospective gambler. Junket agents whose clients are credit problems risk cancellation of their profitable junket trips. A junket is a specially chartered trip to a casino at the expense of the casino. Since the commission structure is tiered, it makes sense for a junket or junket operator to channel more of the business to one location, although it also needs to maintain gaming tables in multiple casinos to provide the customers a change of scene when needed. Junketeer โ€”A player participating in a junket. Sign up using Email and Password. As I pointed out earlier, there is tremendous variation in the package that different casinos offer to different players. All six [casino] operators have their own casino property in place and they can compete on equal ground in the VIP segment as far as property is concerned. If you're interested in the etymology of "junket" as "pleasure trip", etymoline has a comprehensive, intuitive, and plausible entry. Sign up or log in Sign up using Google. Some have sought the origin of the word in the Chinese ch'wan 'ship or sailing vessel'; but the Portuguese and Dutch were established in Java and the Malay Archipelago before they visited China, and found the Javanese and Malay word wuch has no connexion with the Chinese applied to all large native vessels as well as to the Chinese ships which visited those shores. Generally, the more precise the term you use, the more likely you are to avoid having your meaning misinterpreted by uninitiated readers. The travel is prearranged through a junket operator. A name for the common type of native sailing vessel in the Chinese seas. This is essentially the answer that Spehro Pefhany offered back on May 5. In view of these complicated, highly technical, constantly evolving, and inconsistently applied gambling-industry terms, it seems very unwise of The Economist to have used junket to mean junket operator or perhaps junket agent or junket representative or junket organizer. Articles from the NED late 19th : Junket , sb. It is now improperly written junket in this sense, which alone remains much in use. One relatively longstanding and common use of the term junket is to describe a some-expenses-paid trip to a casinoโ€”a meaning that seems not to have originated in a specifically Asian context. Yet another complication is that junket can refer to the group of VIPs making the trip to the casino. The higher the customer volume, the more working capital will be required. How much front money will be required? Be equally specific in in determining exactly which of your expenses will be covered by the casino.