Junket operators are companies that hire high-rollers for organised casino tours, finance their gaming, and recover any debts owed.
They also get a fee from the casino depending on the total amount of money wagered by the players.
The decision is the outcome of a strategic analysis of the company’s foreign operations, which was hinted at in the company’s half-year results.
“The SkyCity board has determined to permanently cease dealing with all junket operators, effective immediately, and continue to operate its international business division under a revised operating model,” it said in a statement to the stock exchange.
The corporation gave no explanation for terminating the deal.
However, junkets have recently come under fire after an Australian investigation into a Sydney-based casino discovered that operators posed a money-laundering danger, with some connected to organised crime gangs.
SkyCity said that it will now communicate with its operations in New Zealand and South Australia about the changes.
“Under the revised operating model, SkyCity will deal directly with international business patrons after appropriate know your customer and customer due diligence requirements are satisfied.”