πŸ’ What do new approvals of junket licenses mean for Singapore casinos? | Singapore Business Review

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Mar 09, Newsdesk Latest News, Macau, Top of the deck The survey excluded people working either for VIP gambling junket promoters or for junket Macau casino industry job vacancies tallied in the fourth quarter, fewer than.


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Produced by Spectrum Gaming Group. Junket reps also provide a special service to their customers in the way of access to these non-public events, shows or tournaments. November iGaming Germany , Berlin, Germany. One method is to actually try to go on a junket or two and talk to the junket rep to see if they may be looking to hire additional staff. Convenience is important, as well as access for many busy players. Recent Feature Articles. One concern of the gaming regulators is obviously to keep organized crime and criminal elements out of the casino industry. Most casinos in regulated jurisdictions require junket reps to be licensed with either the state or the gaming commission. Produced by TribalHub. Tweets by GlobalGamingBiz. I have no clue how to become a casino junket rep and could use some advice in how to get started. Therefore, the first thing that one has to learn is exactly what being a junket rep means in real terms as well as in financial terms. Players often view their junket rep as their casino concierge. The license fees are used by the regulators to conduct a complete and thorough background check on all applicants. Players expect to deal with a junket rep who is very familiar with the host casino and its staff, so they may receive VIP treatment upon arrival as well as throughout their entire trip. The first Casino Marketing Monitor examines job performance, satisfaction and challenges. Therefore, the temptation to bet my house is not a problem. Many junkets in Asia actually supply credit to their customers and therefore are also responsible for the collection of this credit. Working at a casino in an area such as the players club or in casino marketing will enable one to learn how a casino actually functions, and also give one an opportunity to work with gamblers or players. That way, they can develop their own distinctive marketing strategies which may involve direct mail, website marketing, telemarketing and direct sales using recommendations from existing satisfied customers. Getting Started. The casino industry's largest and most important conference and trade show. Junket reps help to promote the host casino to new players so, in effect, they provide the prospecting aspect of player development searching for new qualified players for various casinos. The services provided to casinos are basically marketing services. Most casinos recognize ADT, which allows them to then prioritize suites or room assignments, VIP seating or a host of other details that may be capacity- or space-controlled. Therefore, junket reps provide background checks and verifications that a casino would normally have to do prior to inviting a new player to an expensive special event, show or tournament. Cash Out Handling money may become a thing of the past, thanks largely to the coronavirus pandemic. I feel if the reps got more involved in making the trip enjoyable, they could get more repeat business. The secrets behind one of gaming's most mysterious functions. For more information, visit EastCoastGamingCongress. Junket reps make it very easy and convenient to book a gaming trip through their junket rep. Sara Slane Founder, Slane Advisory. I have traveled to Atlantic City on a few junkets and feel it could be a rewarding job as well as a fun job. If you really want to become a junket rep, you will need to be persistent. In other words, they want a stress-free trip, other than from the win or loss on the gaming tables or slots. Junket reps are basically service providers. Produced by KnowNow. Leading the Way Tribal casinos were the first U. Many junket reps normally are licensed at minimum in Las Vegas, New Jersey, the Caribbean and in their own state. Getting a Degree. For more information, visit www. Theo is a standard casino statistical formula comprised of average bet times length of time played times house advantage per game times number of decisions per hour. It is important to also point out that the better junket reps who survive and prosper do so based upon their reputations. Most casinos normally want to engage experienced junket reps that are already established in their territory or region who have large lists or databases of qualified players. I have found many sites for travel agents, but none for casino junkets. Produced by AMC. Produced by Eventus International. Another way is to try to get a job at a casino to learn from the inside out. It is not easy, but it can be done, and the rewards or compensation can be quite lucrative. Dear Steve, I read your advice online and am very interested in becoming a casino junket rep. Therefore, one has to carefully research the market to better understand if he or she will actually qualify as a junket rep or be able to function successfully as a junket rep. The outbreak of the Coronavirus has had a major impact on the gaming industry. Players also expect that their junket rep will be able to get them access to the special events, shows or tournaments as well as VIP seating. Produced by Clarion Gaming. A key point for aspiring junket reps is that you need to start slowly and carefully. Junket reps provide services to both casinos and to their customers. They also expect that their junket rep will have made all other reservations for the duration of their trip so they do not have to worry about any details, and basically will just go to gamble and have fun. Therefore, individuals who want to become junket reps have to think creatively. They also provide marketing services, because they are informing qualified players about upcoming casino special events, gaming or golf tournaments, headliner entertainment or shows, etc. In real terms, a junket rep is a hybrid cross between a salesman or a saleswoman, a casino host, an adviser and a gaming resource. They rely upon their junket rep to take care of everything for them for that particular casino trip. Therefore, one always wants to operate with the highest level of integrity. I mostly play slots and blackjack, but never felt the need to gamble more than I set aside for any given day. In the case of slot players, the casino would also want to know if the customer plays slots versus video poker since poker holds less money for the casino , coin denomination played and average dollar amount of coin-in during a normal gaming trip. Unfortunately, many junket reps self-destruct by trying to steal players while on the casino floor or from other junket reps while attending such events. Good luck. It is a privilege to be invited to a casino along with your customers for an event. The largest virtual betting and gaming event for North America. Is there a license I have to apply for? I am not a heavy gambler. In the old days, many of the junket reps were actually bookmakers who knew who the local gamblers were. Contact events nclgs. Casino Marketingβ€”Art or Science? November Dec.{/INSERTKEYS}{/PARAGRAPH} GGB Podcasts. In financial terms, a junket rep is usually financially successful because the good ones have the ability to earn a lot of money from lucrative commission programs offered by casinos. Do I contact the casino? So how can one start? Contact wayne. Fingerprints are checked via the FBI and other law enforcement agencies. Junkets in Asia are quite different from junkets in Europe or North America. I did, however, notice that on most of these junkets I have been on, there is very limited interaction between the rep and the player. Any advice you can offer would be great. Unfortunately, there is no easy answer. However, today, many of these former old-time bookmakers probably would not get licensed. The WGPC is an annual conference that connects casino surveillance, asset protection professionals and regulators from around the world. Being licensed in more than one casino also affords you the opportunity to offer your players access to many additional exciting events or shows across the country or internationally. For enquiries contact marketing sbcgaming. Once you get licensed and accepted by a casino as a junket rep, it is normally fairly easy to get accepted by additional casinos in different gaming jurisdictions. Is there a school I need to attend? There are many junket reps who did this and started with as few as 50 qualified players and built up from there. Produced by Reed Exhibitions. The applications can be quite lengthy and detailed, and often require a full financial disclosure with copies of your past three years of income tax filings. Junkets vary as well around the world. Ultimately, the goal is to understand how casinos operate and then begin to build your own database or portfolio of qualified players. {PARAGRAPH}{INSERTKEYS}As a casino consultant, I also get numerous letters from readers asking for my advice. Organized by Asian Gaming Brief. Produced by SBC Events. For more information, visit AustGamingExpo.