A new version of the bill seeks to allow for satellite casinos to continue operating even in the case the property where they are located is not completely owned by a gaming concessionaire. The reports come as Macau works on a gambling law amendment. Macao Daily News’ report alleged venues cited as decisive factors for ceasing operations the tightening of visa applications to Macau, lack of cash flow, and the ongoing impact of pandemic outbreaks. Other venues which could face a closure have not yet been named. Four of the casinos reportedly exploring a closure are linked to the Golden Dragon Group, a company owned by Macau businessman and former legislator Chan Meng Kam. This new development is in line with a report in March by Macao Daily News that seven satellite casinos were planning to stop operations by mid-year. The cited source indicates Kwok has said that, although the six gaming concessionaires are set to see their gaming licenses expire by six months to December 31 this year, he believed some satellite venues will stop operations earlier in order to “cut losses.” The remaining four venues are linked to Galaxy Entertainment Group and Melco Resorts and Entertainment Ltd.
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The gaming facility, which runs under SJM Holdings Ltd’s gaming license, announced in April it would be shutting down by June 26, the date on which all gaming concessions are set to expire.Ī total of 18 satellite casinos out of 40 gaming venues in the territory are currently operational, with most of them -14- running under the license of SJM. These satellite venues expected to cease operations would reportedly include the casino at the Grand Emperor Hotel, reports Macau Business. Satellite facilities run under a license attached to one of the city’s concessionaires, but are operated by third parties on individually owned premises. Six to eight satellite casinos operating in Macau could close by June, according to comments Kwok Chi Chung, the President of the Macau Association of Gaming and Entertainment Promoters, has made to Exmoo News.
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