In the wake of declaring in July that it needed to convey VIP gaming tables to its Studio City Casino Macau property, Melco Crown Entertainment Limited has now uncovered that such hot shot operations at the Cotai Strip venue could begin before the end of the month. “Consistent with our approach of maximizing profitability through yield management, we are in the process of setting up rolling chip operations at Studio City Casino Macau including both junket and direct VIP offerings,” said Ho last month.
Studio City Casino Macau opened in October without VIP gaming offices, which was depicted at the time as a “business choice” by Lawrence Ho Yau Lung, Chief Executive Officer for Melco Crown Entertainment Limited, as the property was intended to rather include nearly 250 new-to-business sector mass-market tables. Be that as it may, ensuing months have seen the head of new properties including the Wynn Palace Cotai while a few experts have affirmed that the venue had been failing to meet expectations regarding revenues per table when contrasted and its comparably estimated rivals. “We have one to two [junket operator] partners plus our own in-house VIP play,” said Ted Chan Ying Tat, Chief Operating Officer for Melco Crown Entertainment Limited. “The VIP play facilities will be opened all at the same time. Hopefully, the VIP facilities will be opened this month.” A month ago saw Chan pronounce that Melco Crown Entertainment Limited expected offering exactly 30 VIP tables at Studio City Casino Macau however he uncovered on Tuesday that the company had not yet settled on a choice on whether to re-assign a portion of the mass-market tables as of now in operation or migrate existing hot shot tables from different parts of its nearby bequest. “That we have not decided internally,” said Chan. “We’ve confirmed [operations] with the [junket] partners but we still have to discuss [the allocation of] tables. The renovation has been pretty much finished. We are ready any time in the sense that after all this [discussion] settles the government will have no problem in approving [the VIP tables].”
