Jimei Group plants junket flag at Cambodia’s NagaWorld casino

A leading Macau junket operator has struck a deal to ferry VIPs to Cambodia’s NagaWorld casino.

On Tuesday, Jimei International Entertainment Group announced that one of its subsidiaries would be promoting “not less than seven” gaming tables at NagaCorp’s flagship casino in Cambodia’s capital Phnom Penh. The deal is for one year with an automatic one-year renewal unless either party objects. Jimei said the deal’s contractual financial outlay obligations were “not significant.”

Details on the deal’s financials were also not significant. Jimei will handle the accommodation, transportation, food and beverage needs of the international high-rollers it brings to NagaWorld. Other than that, Jimei says only that “typical arrangements” have been made twixt junket and casino.

Jimei’s board touted the deal as offering “a more diversified portfolio of good income potential.” Jimei is considered one of Macau’s top-five junkets but that market is taking a beating, particularly on the VIP side. Meanwhile, NagaWorld is the only casino within 200km of Phnom Penh and its monopoly has another 20 years to run.