Podcasts Leon Liao: Macau’s Junket System Is Consolidating, Weak Ones Will Fail By Investment Research Team - September 10, 2015 — 16:23 Total0 Leon Liao, gaming analyst at investment bank Jefferies & Co., tells China Money Podcast host Nina Xiang that Macau’s junket system is consolidating as casinos’ revenues plummet, with weak operators shutting down.