Business Times: Junket operators slide into the gaming frame

The Casino Regulatory Authority (CRA) said yesterday it has received licence applications from junket operators endorsed by Resorts World Sentosa (RWS). But it would not reveal the number of applicants or say when licences will be granted.

'CRA has received junket applications endorsed by RWS and is currently processing them,' a CRA spokesperson said. 'The junkets business is a specialised and lucrative one.

'Because of the nature of this business - where large sums of money are transacted between junket promoters, their clients and the casinos - it is important that junket promoters are well-regulated to ensure junkets do not provide cover for organised crime syndicates to engage in criminal activities.'

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