Quick facts about Zynga
- Valuation $15 - $20 billion
- IPO late early 2012
- Founded 2007 by Mark Pincus
- Riding on Facebook platform 200 million monthly active users
- Zynga popular games titles Zynga Poker; Mafia Wars; Farm Ville ; Cafe World
- Early funding by Russian' Digital Sky Technology - US$180 mil. Total funding by private investors - US$980 mil.
- Mobile platform for i Phone,i Pad, Android Market.
- Zynga latest game
" Dream Zoo"
Friday, March 2, 2012
Thursday, March 1, 2012
(Casino)Junket operator modus operandi
Casino junket operators are the lifeline of casino business from Las Vegas' Sands to Wynn's in Macau. As junket operators, they are basically doing the job like a VIP host in the casino but as an External Entity; Agent.
Reputable junket operators have extremely strong connections with wealthy players, business men, incredible network and people with strong financial background therefore casino marketing department has to depend on these junket operators to bring in revenue for the house through their network.
Junket operators have to serve and please these VIP customers/gamblers/high rollers of theirs so that they can encourage them to go to the casinos they represent and earn commission from their clients rolling. Basically junket operators fly them from countries such as Thailand, South Korea and Japan to gaming heaven such as Macau and provide free accommodation in 5 stars hotel/resort and receive VIP treatment.
It's definitely not easy being a junket operator because they must have an extensive strong network of friends with very strong financial background and potential prospect/client/customers have to be high yield/ High Net Worth(HNW) gamblers.
Junket operators will give credit to qualified customers when they check-in the casino. Junket operators faces a lot of difficulties when their customers lost and not able to pay thus putting these operators in debts and in turn may also destroy their reputation with the casinos they represent. Majority of these junket operators providing the illegitimate financial lending as opposed to bank's consumer loans are associated to under ground syndicate link to loan sharking and money laundering business.
In Macau, the government restrict any foreign remittance for financing gambling activities especially Mainland Chinese citizens.The financial institutions in Macau closely monitor and track foreign currency inflow/outflow to curb these. Hence, the flourishing of "shadow banking" service by VIP Junket Operators bypassing formal/structure banking systems.
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