Sands China announced that it had canceled contracts with three of its largest junket partners in Macau, warning that business in Macau, Singapore, and Las Vegas may suffer as a result.
Sands said: “Consistent with the overall market in Macau, we terminated our agreements with our three primary gaming promoters in December 2021.
“While we strive for excellence in our associations with gaming promoters, we cannot assure you the gaming promoters with whom we are associated will meet the high standards we insist upon,” it said.
“If a gaming promoter falls below our standards, we may suffer reputational harm, as well as worsening relationships with, and possible sanctions from, gaming regulators with authority over our operations.”
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