Gold Moon Group closes Wynn Macau VIP room as junket shrinkage continues

Macau junket operator Gold Moon Group has closed its remaining VIP gaming operations at Wynn Macau.

Earlier this month, Macau casino workers’ union Forefront of Macau Gaming (FMG) used its social media channels to relay an internal communication from the junket operator informing staff that the shutdown would take effect on May 21.

Gold Moon told staff that the shutdown came at Wynn Macau’s request “despite rounds of negotiations.” Gold Moon put the blame on “the impact of the overall economic environment,” reflecting the fact that Macau will likely soon report its 24th straight month of declining gaming revenue, and the bulk of the pain has been borne on the VIP side.

The Wynn Macau exit follows Gold Moon’s closure of its VIP operations at Sands China’s Sands Cotai Central in January 2015. At the time, Gold Moon said it operated 12 VIP tables at Wynn Macau.