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WGM#38 NOV/DEC 2015

The Macau gaming industry is synonymous with junkets. First started by none other than Stanley Ho in the 1960s, these junkets and the VIP gamblers they provide have played a vital role in Macau’s rise over the past decade. However, the recent downturn has changed the landscape in this unique part of the world with the junket business suffering more than any other and a number of VIP rooms being forced to close in Macau over the past 12 months. So what does the future hold? In this issue of WGM, we speak exclusively to the Chairman of one of Macau’s biggest junket operators Tak Chun Group, Mr Levo Chan, about the current gaming climate, his expectations for the coming years and why Tak Chun has expanded while other junkets have slowed right down. Poker fans will enjoy our lengthy and intriguing interview with World Series of Poker (WSOP) Tournament Director Jack Effel who explains just how much goes into organizing the world’s biggest tournament series each and every year as well as regaling us with some of his favorite stories from the past. We tackle the smoking debate as Macau’s legislators decide whether to allow smoking in specially designated smoking lounges or ban the habit altogether, while our responsible gambling series sees us visit one of Macau’s main problem gambling treatment centres. In sport, we look at Manchester United’s big gamble on teen star Anthony Martial as well as examining which of the world’s major sports would benefit most from cracking the lucrative Chinese market. And our resident party animal tells us all about one of Macau’s newest trendy nightspots – Ritz-Carlton Bar & Lounge.

The Macau gaming industry is synonymous with junkets. First started by none other than Stanley Ho in the 1960s, these junkets and the VIP gamblers they provide have played a vital role in Macau’s rise over the past decade.

However, the recent downturn has changed the landscape in this unique part of the world with the junket business suffering more than any other and a number of VIP rooms being forced to close in Macau over the past 12 months. So what does the future hold? In this issue of WGM, we speak exclusively to the Chairman of one of Macau’s biggest junket operators Tak Chun Group, Mr Levo Chan, about the current gaming climate, his expectations for the coming years and why Tak Chun has expanded while other junkets have slowed right down.

Poker fans will enjoy our lengthy and intriguing interview with World Series of Poker (WSOP) Tournament Director Jack Effel who explains just how much goes into organizing the world’s biggest tournament series each and every year as well as regaling us with some of his favorite stories from the past.

We tackle the smoking debate as Macau’s legislators decide whether to allow smoking in specially designated smoking lounges or ban the habit altogether, while our responsible gambling series sees us visit one of Macau’s main problem gambling treatment centres.

In sport, we look at Manchester United’s big gamble on teen star Anthony Martial as well as examining which of the world’s major sports would benefit most from cracking the lucrative Chinese market.

And our resident party animal tells us all about one of Macau’s newest trendy nightspots – Ritz-Carlton Bar & Lounge.

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曼 联 的 赌 注 大 获 成 功 United’s gamble paying off<br />

both scoring and creating goals. His man-of-the-match performance<br />

in a 3-0 win over Sunderland not only won universal praise, it also<br />

produced an incredible statistic – only Juan Mata had created as many<br />

clear-cut chances for Manchester United all season as Martial did in<br />

the second half alone!<br />

Manchester United look set to win big on their Martial gamble,<br />

however by paying well above his market value they may have avoided<br />

paying much more had they waited a few years for him considering<br />

the hefty fees for fellow young guns Raheem Sterling and Kevin de<br />

Bruyne. Top players tend to become increasingly expensive once they<br />

reach their early 20s due to the inflation of the football market so in<br />

fact we may one day look back at the Martial deal as a shrewd one.<br />

Super clubs like Manchester United are entitled to gamble on<br />

teenagers and can afford to lose out from time to time if it doesn’t<br />

work out. But they usually get it right. Of the top 10 most expensive<br />

teenagers in history, four of them have been Manchester United<br />

purchases with three seeming success stories. Topping the list is<br />

Martial, who still has a long way to go but is certainly looking the<br />

goods so far. Luke Shaw moved from Southampton for a then record<br />

£31 million in 2014 and although injury has hampered his progress so<br />

far, he has looked every bit a top defender during his time on the park.<br />

Rooney still sits fifth on the list of most expensive teenagers<br />

after moving from Everton in 2004 and will go down as one of the<br />

greats, which leaves only Brazilian midfielder Anderson – a £22 million<br />

purchase from Porto in 2007 – as an experiment that failed to fire.<br />

Anderson played only 10 games for United in his last two seasons and<br />

with injury regularly marring his progress became little more than<br />

a bit-part player before finally departing for Italy in 2014. He joins<br />

the likes of PSG flop Lucas Moura and Barcelona’s Javier Saviola as<br />

teenagers who have failed to match the hype.<br />

But the benefits are huge when a gamble pays off. For starters,<br />

teenagers are usually cheaper than proven players in the market.<br />

Raheem Sterling, for example, has long been regarded a special talent<br />

yet go back two years and he would have attracted a fraction of the<br />

£49 million Manchester City paid Liverpool for his services this season.<br />

Secondly, when a teen prodigy develops into a genuine superstar he<br />

can either become a long-term talisman in the mold of Real Madrid<br />

captain Sergio Ramos or a cash cow when sold for a much higher price<br />

like Sergio Agüero, who was purchased by Atletico Madrid for £17<br />

million and later sold to Manchester City for £35 million. In Martial’s<br />

case, it seems Manchester United may have uncovered a real gem.<br />

Visit our website www.wgm8.com to read and comment on every article ever published by WGM.<br />

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