• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Sunday 1 June 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

10 Years Ago: Networked

Ben Blaschke by Ben Blaschke
Thu 5 Aug 2021 at 21:53
10 Years Ago: Networked
4
SHARES
110
VIEWS
Print Friendly, PDF & Email

In this new regular feature in IAG to celebrate 16 years covering the Asian gaming and leisure industry, we look back at our cover story from exactly 10 years ago, titled “Networked,” to rediscover what was making the news in August 2011!

It may not have proved as transformational for Macau’s casino industry as was hoped, but it did at least highlight the potential for innovation within an industry many believe to be living on borrowed time.

In the August 2011 issue of Inside Asian Gaming, we spoke with executives of Goldenway – a unique VIP operator looking to shake up the traditional junket model. The idea was two-fold: to implement a system whereby players would pay up front in cash rather than be issued credit, and to recruit those players via a dedicated website rather than relying on agents.

Those concepts seemed ambitious then and still do to this day, although Goldenway’s concept was intriguing. By utilizing a cash over credit model, the junket could eliminate risks related to debt collection and ensure players were not over-extending. Addressing questions over the very reason credit-based play exists in the first place – access to funds – Goldenway told IAG that its product was primarily targeted towards high-end players looking for an entertainment experience rather than the more traditional junket customer.

However, it also hoped that by recruiting players directly via a website, it could also provide better rebates by cutting out the need to pay a percentage of commissions to agents.

“Our management structure is modern and a long way from the traditional image of Macau junket management and gangsters,” said Goldenway’s Jerry Tse at the time.

“It’s about creating new channels and a new environment for the guests. We strongly believe this model – the cash model for VIP play – will help to improve the image of Macau and help in developing it as a tourism destination.”

Goldenway’s concept was certainly inventive, even if the VIP industry has since undergone a massive contraction due to regional economic decline, China’s anti-graft initiatives and, more recently, the COVID-19 pandemic.

But if the junket industry is to enjoy a prosperous future, it at least gives pause for thinking outside the box.

RelatedPosts

Editorial – Foreigner-only casinos: Seize the day

Editorial – Foreigner-only casinos: Seize the day

Thu 29 May 2025 at 13:38
On the brink

On the brink

Thu 29 May 2025 at 13:27
A moral defense of gambling

A moral defense of gambling

Wed 28 May 2025 at 18:19
Face to face

Face to face

Wed 28 May 2025 at 18:08
Load More
Tags: 10 years agoCurrent IssueGoldenwayJerry TseJunkets
Share2Share
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – Foreigner-only casinos: Seize the day

Editorial – Foreigner-only casinos: Seize the day

by Ben Blaschke
Thu 29 May 2025 at 13:38

I was recently asked by someone working at a foreigner-only casino for my thoughts on the outlook for the Asian...

On the brink

On the brink

by Pierce Chan
Thu 29 May 2025 at 13:27

The transition period for Macau’s 11 satellite casinos is set to expire at the end of this year, after which...

A moral defense of gambling

A moral defense of gambling

by Andrew Russell
Wed 28 May 2025 at 18:19

Economist Andrew Russell explores the differences between community benefit and in-principle arguments for the existence of a legal gambling industry...

Face to face

Face to face

by Ben Blaschke
Wed 28 May 2025 at 18:08

Konami caught the eye at the recent G2E Asia show in Macau with its SYNK Vision Tables, which utilize facial...

Evolution Asia
Aristocrat
GLI
Mindslot
Mindslot
Solaire
Hann
Tecnet
Nustar
Jumbo

Related Posts

On the brink

On the brink

by Pierce Chan
Thu 29 May 2025 at 13:27

The transition period for Macau’s 11 satellite casinos is set to expire at the end of this year, after which time they will only be permitted to operate as management companies and will no longer be allowed to share in...

Face to face

Face to face

by Ben Blaschke
Wed 28 May 2025 at 18:08

Konami caught the eye at the recent G2E Asia show in Macau with its SYNK Vision Tables, which utilize facial recognition technology to fulfil the player tracking and harm minimization concerns of operators and regulators alike. The pervasive nature of...

Treasure hunting

Treasure hunting

by Ben Blaschke
Wed 28 May 2025 at 17:14

Jumbo unveiled four brand-new progressive jackpot links at G2E Asia in early May, all showcased at the company’s eye-catching “Treasure Pot” booth display. The highly anticipated 2025 G2E Asia trade show concluded in May, bringing together top-tier brands and industry...

From beginner to top affiliate

From beginner to top affiliate

by Ben Blaschke
Wed 28 May 2025 at 16:43

1xBet provides a step by step guide for potential affiliates to join its promotional program 1xPartners. The online audience is expanding at a rapid pace, creating unique opportunities to earn money by promoting products and services through partnership programs. In...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文
  • 日本語

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English
  • 日本語