LOS ANGELES–(BUSINESS WIRE)–The International Union of Operating Engineers, Local 501 (https://local501.org/) commends the government of New South Wales, Australia and its Independent Liquor and Gaming Authority for their recent regulatory and enforcement actions against VIP-junket activity in the gambling industry.
The modern VIP-junket model, in which junket agents recruit and often issue credit to high rollers (many from mainland China) to gamble in exclusive VIP rooms, originated in Macau, a Special Administrative Region of the People’s Republic of China-and the world’s largest gambling market. From Macau, the junket model has in recent years spread to other gambling jurisdictions throughout the eastern hemisphere, including the…
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