🤑 JUNKET | meaning in the Cambridge English Dictionary

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What is JUNKET? What does JUNKET mean? JUNKET meaning, definition - JUNKET pronunciation - JUNKET definition - JUNKET explanation & How to pronounce JUNKET? Source: Wikipedia.org article, adapted.


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Join them; it only takes a minute: Why is this definition used to refer to the specific business shown in the extract below, and what is its literal meaning?
Junkets are middlemen who lend high-rollers money, arrange accommodation and are paid around 40% of the casinos' take in return.
When he arrives, his chips are waiting for him.
When he cashes out, his winnings are paid in Hong Kong dollars, which he can stash in a bank in Hong Kong or take farther afield.
From Seems to me that these " Junkets" are people in the trade of arranging " junkets", which means " pleasure trip"; in this case, making arrangements for rich mainland Chinese to make pleasure trips to Macau.
The only other potential derivation I can see is see more the Chinese ships known as " Junks", which are often used as pleasure craft or for tours and cruises.
If you're interested in the etymology of "junket" as "pleasure trip", has a comprehensive, intuitive, and plausible entry.
One relatively longstanding and common use of the term junket is to describe a some-expenses-paid trip to a casino—a meaning that seems not to have originated in a specifically Asian context.
Talk to the junket organizer and get the facts on all four of the casino's criteria.
How much front money will be required?
How much must you generate in markers?
How long must you play and how much must casino junkets meaning bet?
Be equally specific in in determining exactly which of your expenses will be covered by the casino.
As I pointed out earlier, there is tremendous variation in the package that different casinos offer to different players.
A junket is a specially article source trip to a casino at the expense of the casino.
Junket agents arrange for groups of large bettors to take these complementary trips asking only that the gambler play at the sponsoring casino for a certain number of hours at a specified betting level.
Junket agents whose clients are credit problems risk cancellation of their profitable junket trips.
Once fired by a casino, the junket agent has little chance of casino junkets meaning dates at other casinos.
As used in the article from The Economist of December 10, 2011junkets appears to casino junkets meaning a short form of junket organizers or junket agents—where junket refers to a casinos in los arrangement that includes an expenses-paid trip to a casino but that also imposes various requirements on the prospective gambler.
This is essentially the answer that Spehro Pefhany offered back on May 5.
The determiners are junket commissions and working-capital facilitation.
Junket operators bring VIP customers into the casinos and casinos typically work with a handful of junket operators or room operators who, in turn, run perhaps thousands of junkets on a full- or a part-time basis.
The higher commission that casinos pay, the more incentive the junket operators have to bring customers to that property.
A higher commission will also allow junket operators to rebate more to its agents, who can pass on more to their customers.
Since the commission structure is tiered, it makes sense for a junket or junket operator to channel more of the business to one location, although it also needs to maintain gaming tables in multiple casinos to provide the customers a change of scene when needed.
Perhaps a more important consideration here is working-capital facilitation.
Junket operators typically have to prepay the casino nsw electrician casino a certain number of non-negotiable chips.
Junket agents in turn pay for chips, or obtain them on credit, for their share of these customers.
The higher the customer volume, the more working capital will be required.
Yet another complication is that junket can refer to the group of VIPs making the trip to the casino.
Here is how Cathy Hsu, 2006 distinguishes between junkets and junket operators in a brief glossary: junket: A group of players who travel to the casino specifically for the purpose of gaming.
The travel is prearranged through a junket operator.
Usually an independent agent, who negotiates a commission for players of the junket group and is paid a commission based upon the actual mix of games.
Global Real Estate Center, 2007, p.
Often the cost of the food, lodging and transportation for these players is paid by the casino.
Junketeer—A player participating in a junket.
Junket Representative—The person responsible for organizing a junket.
Also referred to as a Master.
In view of these complicated, highly technical, constantly evolving, and inconsistently applied gambling-industry terms, it seems very unwise of The Economist to have used junket to mean junket operator or perhaps junket agent or junket representative or junket organizer.
Generally, the more precise the term you use, the more likely you are to avoid having your meaning misinterpreted by uninitiated readers.
Here, as reproduced in E.
It is now improperly written junket in this sense, which alone remains much in use.
So it seems that there has long been something surreptitious and ethically suspect about junkets.
A junket is a free excursion, trip or celebration, generally supplied in the hope of gaining something from the person being treated.
The person supplying the junket could be called a junketeer, but that seems to more commonly be defined as the person on the receiving end.
In any case, although it is risky to suggest The Economist got it wrong, I don't think the article is using the word correctly.
Other articles refer to "junket operators", "junket promoters", and "junket agents".
Jack Just to be 100% clear, they referred to the persons making the arrangements as "Junkets"?
It's also possible that it's just an odd local usage, like "Shroff" in Hong Kong for a cashier at a car park.
Here is a tangential supplement onwhich may provide some insight into the original word and the general also you refer to.
Articles from the late 19th : Junket, sb.
The B-forms in sense 2 may be directly from med.
The history of sense 2 is not quite clear; and the relationship of 3 to 4 is complicated by the earlier JUNKERY.
Popularly associated with Devonshire, but answering to the 'curds and cream' of other districts.
The Casino junkets meaning mid-end 19th overflows with meanings here, some related to rush: : Terme de pêche.
Ganse de corde qui sert à joindre plusieurs pièces de filet au bout l'une de l'autre.
Touffes de joncs qui se forment dans les étangs, dans les marais, et qui deviennent quelquefois des îles flottantes.
Une jonchée de crème.
Ce jonchet est un des casino junkets meaning />J'ai perdu un jonchet.
Here's a related extract and from the NED for Junk: Junk, sb.
Javanese djong occuring in compositions of 13th c.
The earlier English forms are from other European langs.
Some have sought the origin of the word in the Chinese ch'wan cedar casino 7 or sailing vessel'; but the Portuguese and Dutch were established in Java and the Malay Archipelago before they visited China, and found the Javanese and Malay word wuch has no connexion with the Chinese applied to all large native vessels as well as to the Chinese ships which visited those shores.
It is flat-bottomed, has a square prow, prominent stern, full stern, the rudder suspended, and carries lug-sails.
The name is now applied to Chinese, Casino filipino universal, Loochoo, Siamese, and other vessels of this type; early writers applied it casino junkets meaning more widely to Malay, Javan, and even South Indian native vessels.
A fascinating nexus of meanings and diverse influences.
Anyways, that was a blast.
Provide details and share your research!
To learn more, see our.

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junket definition: 1. a journey or visit made for pleasure by an official that is paid for by someone else or with public money 2. an unnecessary trip by a government official which is paid for with public money: 3. a trip or party for a group of employees or politicians that is paid for by their….


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Casino-based tourism or “junkets” are identified as a vulnerability as they involve the cross border movement of people and funds and often target high net-worth / VIP clients.


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Casino Junket Club located in Atlanta, Georgia is operated by Richard Haskins. Richard has been in the Casino marketing industry for over 30 years. Attention to details and “going the extra mile for our customers” is our mission.


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Casino Junkets of North Carolina, Inc. is a leading casino travel company in Raleigh that serves all of North Carolina, South Carolina and Virginia for destination casino gambling trips . We also offer an extensive array of cruises and hotel resorts to choose from.


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junket. If you describe a trip or visit by an official or businessman as a junket, you disapprove of it because it is expensive, unnecessary, and often has been paid for with public money. He took frequent junkets with friends to exotic locales.Definition of junket for English Language Learners.


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In essence, junkets are responsible for a large portion of the casinos’ VIP revenue. Junkets also bankroll their VIP clients by serving as bank-like entities, lending money to players and collecting debts. They are not owned by the casinos, but rather are paid a commission for their services.


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junket. If you describe a trip or visit by an official or businessman as a junket, you disapprove of it because it is expensive, unnecessary, and often has been paid for with public money. He took frequent junkets with friends to exotic locales.Definition of junket for English Language Learners.


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What is a Casino Junket?
Depending on the player, the hosting casino will pay some or all of the VIP players travel casino junkets meaning accommodation costs in exchange for undertaking to play at the casino during the players stay.
How much do I need to deposit?
Our casino junkets start at a very reasonable minimum deposit level of approx.
Required deposit levels and further information will be listed on the page.
How much casino junkets meaning how long do I need to play?
Every casino we represent has different rules and table limits, but in general, the casinos request that all players play a minimum of 4 hours per day in order to qualify, and at the stipulated minimum stake levels.
Specific rules will be listed on each casino junket we advertise.
Usually, when a casino stipulates 4 hours per day, players can carry over the hours to following days.
A player can play six hours on the first day, four hours on the second day and two hours on the third article source />Our casino junkets usually extend to three nights at our chosen destination, but this may vary.
What happens if I lose my deposit before I play the stipulated number of hours?
We hope this does not happen but if you lose your money too quickly you would have qualified for the trip and all expenses will be paid, and no further play is required.
However, if you choose to make further buy-ins then all minimum bet rules are 'out of the window' - you can play as much or as little as you choose within table limits.
What happens if I do not play to the required minimum play levels?
You will usually get gentle casino junkets meaning from the casino management through the junket representative myself to either play more, or if you choose, to pay for the trip.
This is not a common complaint from the casinos as the players know all the requirements before they book the trip.
The likely result of a player 'not playing' is that they would probably not be invited on last minute sydney casino casino junkets.
Do I only get 'comped' if I lose?
No, if a player wins then the money is all theirs, and they get a free casino junkets meaning />The casinos only ask that the customers give them a fair chance at trying to win their money.
If the player wins then that's fine.
Where do we travel to?
However, we intend to add to the choice as we get busier and the clients get more adventurous.
In the past we have run junkets to Bulgaria, Croatia, Estonia, Greece, Hungary, Malta, Russia and St.
Possible future destinations may include Georgia, but air fares may be payable for long-distance trips.
Details will be posted when we know more details.
Winnings Winnings are usually paid out in the currency that you bought in for usually Pounds Sterling.
However, if the casino is running short on Sterling they may have to pay excess winnings in either Euros or US Dollars.
Why come on a junket?
The majority of our players are UK-based and as we all know 'comps' are rare in the UK except for free meals and drinks etc.
To attract business that they would otherwise probably not princess casino cruise tickets, many foreign casinos now offer junket packages to attract the decent players.
If you had a choice of a free dinner at your local UK casino or a free 3-day, all expenses trip to almost anywhere in Europe, what would you choose?
If the players are going to gamble anyway why not take the free trip that goes with it?
See more details of our upcoming junkets.

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These big players have sub-junkets or agents who lure the high rollers in with credit and casino offers. This is where it gets murky, as these sub-junkets get a commission from the VIP junkets when they extend credit to gamblers and they are in charge of collecting debts, often on the mainland.


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As a junket player, you might get the impression that “everything is taken care of,” meaning the house is happy to lavish you with comps and freebies. And for the most part, that’s true… But differentiating between the house and casino staff is an important concept in the junket games.


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JUNKET | meaning in the Cambridge English Dictionary
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junket. If you describe a trip or visit by an official or businessman as a junket, you disapprove of it because it is expensive, unnecessary, and often has been paid for with public money. He took frequent junkets with friends to exotic locales.Definition of junket for English Language Learners.


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These baskets or mats would have allowed excess liquid to drain away while protecting the mass of coagulated milk or cream from breaking apart.
By the early 1500s, read more word had come to refer to an occasion at which a junket might be served—a banquet, feast, or bout of merrymaking in general.
Then, during the 1800s in the United States, it developed the meaning "picnic, pleasure excursion casino junkets meaning eating and drinking.
Junket also came to refer to trips taken by politicians or other influential persons as guests of a business or organization seeking favors—a bribe continue reading the form of cruise tickets.
Link to this page: George, taking out his wife to a new jaunt or junket every night, was quite pleased with himself as usual, and swore he was becoming quite a domestic character.
The casino junkets meaning junket that brought Western journalists to meet Syrian dictator Bashar al-Assad in Damascus has paid off handsomely for the regime.
The gaming industry relies on loosely-regulated gaming promoters and just click for source, known as junket operators, for the supply of wealthy gamblers, mostly from mainland China.
Cheung Chi-tai, a prominent figure in Macau's casino junket industry, has been under investigation by Hong Kong police since November.
M2 EQUITYBITES-April 21, 2015-Iao Kun Group Holding signs MOU for junket operator arrangements at Crown Perth Casino and Crown Melbourne Casino In conjunction with the theater, the Sunset Strip-adjacent hotel is introducing a fully wired press junket space on its second floor, with the two areas designed to accommodate everything from intimate private screenings to larger-scale premieres and events.
Sweden, June 21 -- It is surprising that a government that is run by link champions of 'Indianness' and 'swadeshi' culture had decided that six casino junkets meaning, three of them ministers, from the BJP-ruled Goa will be sent on a 'videshi' foreign junket, to far away Brazil to watch the world casino junkets meaning football matches.
THE Manohar Parrikarled- BJP government on Friday cancelled the Brazil junket of six legislators, including three ministers, after widespread criticism in Goa against the allexpense paid 10- day trip.
This information should not be considered complete, up to date, and is not intended to casino junkets meaning used in place of a visit, consultation, or advice of a legal, medical, or any other professional.

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What is JUNKET? What does JUNKET mean? JUNKET meaning, definition - JUNKET pronunciation - JUNKET definition - JUNKET explanation & How to pronounce JUNKET? Source: Wikipedia.org article, adapted.


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Your Guide to Understanding Casino Earnings. at what those numbers mean and how they impact earnings reports.. money and collect a cut of their losses from the casino. In Macau, junkets.


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The casino junket is probably the most inexpensive way to visit your favourite gambling destination and you will undoubtedly find that if you are receiving a complimentary airfare and junket invites, you are a player the casino wants to keep as a valuable client and see you with some level of frequency.


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What is JUNKET? What does JUNKET mean? JUNKET meaning, definition, explanation & pronunciation

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A junket is a pleasure trip, often funded by someone else. You've probably heard of a politician taking a junket to a fancy resort, all paid for using taxpayer money.


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In essence, junkets are responsible for a large portion of the casinos’ VIP revenue. Junkets also bankroll their VIP clients by serving as bank-like entities, lending money to players and collecting debts. They are not owned by the casinos, but rather are paid a commission for their services.


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JUNKET | meaning in the Cambridge English Dictionary
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What is a Casino Junket?
Depending on the player, the hosting casino will pay some or all of the VIP players travel and accommodation costs in exchange for undertaking to play at the casino during the players stay.
How much do I need to deposit?
Our casino junkets start at a very reasonable minimum deposit level of approx.
Required deposit casino junkets meaning and casino junkets meaning information will be listed on the page.
How much and how long do I need to play?
Every casino we represent has different rules and table limits, but in general, the casinos request that all players play a minimum of 4 hours per day in order to qualify, and at the stipulated minimum stake levels.
Specific rules will be listed on each casino junket we advertise.
Usually, when a casino stipulates 4 hours per day, players can carry over the hours to following days.
A player can play six hours on the first day, four hours on the second day and two hours on the third day.
Our casino junkets usually extend to casino junkets meaning nights at our chosen destination, but this may vary.
What happens if I lose my deposit before I play the stipulated number of hours?
We hope this does not happen but if you lose your money too quickly you would have qualified for the trip https://festes.ru/casino/gateway-casinos-head-office.html all expenses will be paid, and no further play is required.
here, if you choose to make further buy-ins then all minimum bet rules are 'out of the window' - you can play as much or as little as you choose within table limits.
What happens if I do not play to the required minimum play levels?
You will usually get gentle reminders from the casino management through the junket representative myself to either play more, or if you choose, to pay for the trip.
This is not a common complaint from the casinos as the players know all the requirements before they book the trip.
The likely result of a player 'not playing' is that they would probably not be invited on future casino junkets.
Do I only get 'comped' if I lose?
No, if a player wins then the money is all theirs, and they get a free trip.
The casinos only ask that the customers give them a fair chance at trying to win their money.
If the player wins then that's fine.
Where do we travel to?
However, we intend to add to the choice as we get busier and the clients get more adventurous.
In the past we have run junkets to Bulgaria, Croatia, Estonia, Greece, Hungary, Malta, Russia and St.
Possible future destinations may include Georgia, but air fares may be payable for long-distance trips.
Details will be posted when we know more details.
Winnings Winnings are usually paid out in the currency that you bought in for usually Pounds Sterling.
However, if the https://festes.ru/casino/stanley-casino-holdings-limited.html is running short on Sterling they may have to pay excess winnings in either Euros or US Dollars.
Why come on a junket?
The majority of our players are UK-based and as we all know 'comps' are rare in the UK except for free meals and drinks etc.
To attract business that they would otherwise probably not get, many foreign casinos now offer junket packages to attract the decent players.
If you had a choice of a free dinner at your local UK casino or a free 3-day, casino junkets meaning expenses trip to almost anywhere in Europe, what would you choose?
If the players are going to gamble anyway why not take the free trip that goes with it?
See more details of our upcoming junkets.

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Our Casino Getaway packages include: round-trip transportation, deluxe room, airport/casino transfers and luggage service. Plus as a Casinos International player, you will be identified as a VIP Player and will receive our award winning service before, during and after your trip.


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What is JUNKET? What does JUNKET mean? JUNKET meaning, definition, explanation & pronunciation

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What is JUNKET? What does JUNKET mean? JUNKET meaning, definition - JUNKET pronunciation - JUNKET definition - JUNKET explanation & How to pronounce JUNKET? Source: Wikipedia.org article, adapted.


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What is a Casino Junket? 'Junkets' are trips offered to VIP Casino customers for travel to and play at a particular casino. Depending on the player, the hosting casino will pay some or all of the VIP players travel and accommodation costs in exchange for undertaking to play at the casino during the players stay.


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How China’s Wealthy Use Macau to Get Money Out

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Among the topics discussed during Tuesday's Senate hearing on the $81-million money laundering scandal was how casino junket agents make money on wins and losses of gamblers. The discussion started with an explanation on the concept of the so-called "dead chips," which are given to high-rollers who.


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Factbox: How Macau's casino junket system works - Reuters
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What is a Casino Junket?
Depending on the player, the hosting casino will pay some or all of the Link players travel and accommodation costs in exchange for undertaking to play at the casino during the players stay.
How casino junkets meaning do I need to deposit?
Our casino junkets start at a very reasonable minimum deposit level of approx.
Required deposit levels and further information will be listed on the page.
How much and how long do I need to play?
Every casino we represent has different rules and table limits, but in general, the casinos request that all players play a minimum of 4 hours per day in order to qualify, and at the stipulated minimum stake levels.
Specific rules will be listed on each casino junket we advertise.
Usually, when a casino stipulates 4 hours per day, players can carry over the hours to following days.
A player can play six hours on the click at this page day, four hours on the second day and two hours on the third day.
Our casino junkets usually extend to three nights at our chosen destination, but this may vary.
What happens if I lose my deposit before I play the stipulated number of hours?
We hope this does not happen but if you lose your money too quickly you would have qualified for the trip and all expenses will be paid, and no further play is required.
However, if you choose to make further buy-ins then all minimum bet rules are 'out of the window' - you can play as much or as little as you choose within table limits.
What happens if I do not play to the required minimum play levels?
You will usually get gentle reminders from the casino management through the junket representative myself to either play more, or if you choose, read more pay for the trip.
This is not a common complaint from the casinos as the players know all the requirements before they book https://festes.ru/casino/maryland-casino-resort.html trip.
The likely result of a casino junkets meaning 'not playing' is that they would probably not be invited on future marriott aruba casino junkets.
Do I only get 'comped' if I lose?
No, if a player wins then the money is all theirs, and they get a free trip.
The casinos only ask that the customers give them a fair chance at trying to win their money.
If the player wins then that's fine.
Where do we travel to?
However, we intend to add to the choice as we get busier and the clients get more adventurous.
In the past we have run junkets to Casino junkets meaning, Croatia, Estonia, Greece, Hungary, Malta, Russia and St.
Possible future destinations may include Georgia, but air fares may be casino junkets meaning for long-distance trips.
Details will be posted when we know more details.
Winnings Winnings are usually paid casino junkets meaning in the currency that you bought in for usually Pounds Sterling.
However, if the casino is running short on Sterling they may have to pay excess winnings in either Euros or US Dollars.
Why come on a junket?
The majority of our players are UK-based and as we casino junkets meaning know 'comps' are rare in the UK except for free meals and drinks etc.
To attract business that they would otherwise probably not get, many foreign casinos now offer junket packages to attract the decent players.
If you had a choice of a free dinner at your local UK casino or a free 3-day, all expenses trip to almost anywhere in Europe, what would you choose?
If the players are going to gamble anyway why not take the free trip that goes with it?
See more details of our upcoming junkets.