Over 80% of the income of top casinos comes from the VIP sections. High rollers are used to travelling from one country to another or from one part of their country to another just to participate in special casino events.
However, most VIPs will not want to stress themselves about the travelling arrangement and accommodation. They just want to worry about the gain. They will, therefore, prefer someone else to facilitate the trip.
In fact, the VIP room operators employ special agents to facilitate these trips. These agents are called casino junket agents. The trips are called Casino junkets.
What is a casino junket?
Casino junkets are trips made to participate in special VIP casino events. Nonetheless, these events are usually not open to the public; hence you can only participate through invitation. Only high rollers are invited as there is a minimum stake you can make in such events. There are also a minimum number of hours you can play in a day. Casino Junket agents have the duty of looking for people who can satisfy the junket condition and invite them to the junket events.
What is the role of a junket agent?
Junket agents are employed by the casino VIP room operators to invite and facilitate the VIP gambling tours. Junket agents will usually lure the players to participate in a junket event by offering them free luxurious flight and free accommodation in five-star hotels. VIPs see these gambling tours as opportunities to explore the world. In some countries, VIP room operators also lend out money to the VIP to play and payback after the events. Not to mention, the junket agents must be sure that the people they are inviting can repay any loan they obtain.
As a reward for their work, casino junket agents earn commissions from the money spent by the players they invited. Also, they earn a rolling percentage. On many occasions, VIPs give tips to the agents as an appreciation of their effort in organizing a successful trip. VIPs stake a lot of money hence the commissions earned by the casino junket agents are high. In case you didn’t know, Junket agents have nothing to lose, whether the players win or lose, whether the casino wins or lose, junket agents will always make their money. The more the VIPs play, the more the junket agents earn. That is why many people may have an interest in the job.
Do you want to be a junket agent?
Junket agents deal with casino high rollers and are also responsible for collecting debts from those who borrowed money to play. This fact may give the impression that they need to be tough or that they are gangsters. But that is not the case at all. Junket agents are gentlemen like any other people in the business. There are many qualities you need to have to be a successful junket agent.
How to become junket
They are so many things you to do to become a junket, but let’s start with first one;
- You must know what casino junket is and have full details of the way it is operating. There are different ways casino junkets functions in different parts of the world. You must study the operation of the casino junket in your area and be sure that it is a thing you can do.
- Passion for the job is key. It will be better if you can familiarize yourself with the operation of casinos, especially the VIP room. Many junket agents started by working in a casino so that they can understand the operation fully.
It is very important to learn. Unfortunately, there is no school where you can learn about casino junket operation. Therefore, it is necessary to approach those that are successful in the business and express your interest. Learn from them. Listen to their advice.
It will also be of advantage if you have participated in VIP gambling tours before. If you can afford one, it will be good to try one for yourself first before you start marketing it to others. But if you cannot afford it, don’t worry, it will not stop you.
Depending on your location, you may need to register. Many countries demand the registration of junket agents so that they can monitor their activities. It will also prevent cases of hooliganism and illegal operations. You will need to register with the gaming control body of the region. You may need to apply for registration and fill all necessary forms. You will also need to provide many documents. These documents may be to investigate your records to be sure you are clean. You will also need to pay a registration fee.
After your registration, you will then approach the casinos or the VIP room operators that you wish to represent. The casinos will need to approve of you as their agent. The more casinos you are representing, the more successful you will be as a junket agent.
You also need to know a lot of high rollers. After all, they are the ones you want to sell your product to. The more of the high rollers you know the more successful you will be in your job. Start compiling their names and data and gradually be increasing the list.
As it is important for you to know many high rollers, it is even more important to know many casinos that offer VIP events. Remember that casino junket agents are not staff of any casino, rather, they are independent marketers. They serve as middlemen between the casinos and the VIPs. It is, therefore, very necessary for them to be friends with the casinos. To work successfully as a junket agent, you must be friends with the staff and the management of the casinos you wish to market so that you can negotiate good deals, for your clients.
The major job of the junket agents is to arrange comfortably gambling tours for their clients. A junket agent must, therefore, have good knowledge of how to arrange for a successful trip. You must know how to book flight tickets for VIPs. You must also be familiar with how to organize comfortable accommodation and executive treatment for your clients.
In Conclusion
Casino Junket is a job anybody with interest and passion can do. The demand may be challenging but not impossible. If you have interest why not start working towards it now?
