In the casino industry, a junket typically refers to a travel package or promotional offer given to VIP or high-roller players, often covering expenses like accommodations, flights, and other amenities. The goal is to incentivize these players to visit a specific casino and gamble large amounts of money. Junkets are especially common in regions like Macau, where junket operators work with casinos to bring in wealthy gamblers, providing credit and collecting debts as part of the service.
Junket Example
For example, a casino might offer an all-expenses-paid trip to a high-roller from overseas, including a luxury hotel stay and private jet transportation, as long as the player agrees to gamble a certain amount at the casino.