Junket definition

Junket has the same meaning as that term is defined under section 25A of the Control Act;”;

Junket means an arrangement made by and between a junket enterprise or junket representative and a Class A or Class B licensee the purpose of which is to induce any person, selected or approved for participation therein on the basis of the person’s ability to satisfy a financial qualification obligation related to the person’s ability or willingness to gamble or on any other basis related to the person’s propensity to gamble to come to a Class B licensee’s premises for the purpose of gambling and pursuant to which, and as consideration for which, any or all of the cost of transportation, food, lodging, and enter- tainment for said person is directly or indi- rectly paid by a licensee or employee or agent thereof.

Junket means an arrangement to induce persons who are selected or approved for participation on the basis of their ability to satisfy a financial qualification obligation related to their ability or willingness to come to a licensed casino for the purpose of gambling and who receive as consideration all or part of the cost of transportation, food, lodging, or entertainment directly or indirectly paid by a casino licensee or agent.

Examples of Junket in a sentence

• The parties to the Second Supplemental Agreement have agreed to revise the Agreement to such an extent that the conditions as set out in (e) (i.e. the Purchaser having received to its reasonable satisfaction a Macanese legal opinion on the legality, validity and effectiveness of the Junket Licence, the Junket Promoter Agreement, the implementation of the Agreement and the Acquisition) may be waived by the Purchaser.

• On 30 January 2013, the Junket Promoter, Essence Gold and the Junket Owner entered into a supplemental agreement (the “Supplemental Agreement”) to vary the provisions of the Profit Assignment Agreement.

• On 30 January 2013, the Junket Promoter, Essence Gold and the Junket Owner entered into the Supplemental Agreement to vary the provisions of the Profit Assignment Agreement.

• On 26 February 2013, the Vendor, the Purchaser, the Junket Promoter and the Junket Owner entered into the Second Supplemental Agreement to vary the terms of the Agreement (as supplemented by the supplemental agreement entered into on 31 December 2012).

• On 26 February 2013, the Vendor, the Purchaser, the Junket Promoter and the Junket Owner entered into a second supplemental agreement (the “Second Supplemental Agreement”) to vary the terms of the Agreement (as supplemented by the supplemental agreement entered into on 31 December 2012).

More Definitions of Junket

Junket means an arrangement:

Junket means any arrangement for the promotion of gaming in a licensed casino by groups of persons, usually involving —

Junket means an arrangement entered into between a promoter and the casino licensee:

Junket means an arrangement whereby a person or a group of people is introduced to a casino operator by a junket organiser or promoter who receives a commission based on the turnover of play in the casino attributable to the persons introduced by the organiser or promoter or otherwise calculated by reference to such play.

Junket means an arrangement whereby a person or a group of persons is introduced to a casino operator by a junket promoter who receives a commission or other payment from the casino operator or the person for the time being in charge of the casino;

Junket means an arrangement to induce persons who are selected or approved for participation on the basis of their ability to satisfy a financial qualification obligation related to their ability or willingness to come to the limited gaming facility for the purpose of gambling and who receive as consideration all or part of the cost of transportation, food or entertainment directly or indirectly paid by the limited gaming facility licensee or its agent.

Junket means an arrangement the purpose of which is to induce any person, selected or approved for participation therein on the basis of his ability to satisfy a financial qualification obligation related to his ability or willingness to gamble, or on any other basis related to his propensity to gamble, to come to a licensed casino for the purpose of gambling and pursuant to which, and as a consideration for which, any or all of the costs of transportation, food, lodging, and entertainment for the said person is directly or indirectly paid by a casino licensee;