What does junkets mean?
Definitions for junkets
jun·kets
This dictionary definitions page includes all the possible meanings, example usage and translations of the word junkets.
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Numerology
Chaldean Numerology
The numerical value of junkets in Chaldean Numerology is: 8
Pythagorean Numerology
The numerical value of junkets in Pythagorean Numerology is: 1
Examples of junkets in a Sentence
There are two reasons for this. Number one is the sourcing of customers, the junkets have the municipal-level intelligence and they are operating in mainland China. They know who is, for a lack of a better phrase, a good credit or not. There is no system in China like you would have like in the U.S., where the casinos can run a credit profile of anybody.
This increasing scrutiny and policy tightening, while positive for the segment's long-term prospects, will likely be detrimental to the shorter-term prospect for the junket operators, VIP revenue, and their related activities, junkets facing further operating pressures may result in further VIP room closures.
When you actually crack a prostitution ring or crackdown on junkets, that's always going to create a lot of headlines. Short term, it might be painful to see these unsavory things.
Macau needs to have some kind of protection for junkets to support the industry as this is what Macau depends on, they need to have a system to let creditors and operators know the risks.
It will probably impact the smaller junkets more. If they don't have cash flow they won't be able to wait for their players to pay them back.
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"junkets." Definitions.net. STANDS4 LLC, 2024. Web. 18 Apr. 2024. <https://www.definitions.net/definition/junkets>.
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