Macau: Golden Dragon Group to close its four satellite casinos
Golden Dragon Group operates the casinos under licence from SJM Holdings and Melco Resorts.
Macau.- Yesterday sources revealed that seven satellite casinos in Macau planned to suspend operations by mid-year. It’s now emerged that four of those belong to Golden Dragon Group. The group runs Casino Golden Dragon, Royal Dragon and Casino Million Dragon under SJM Holdings’ licence and Grand Dragon Casino in Taipa under Melco Resorts. It reportedly plans to close all four.
Golden Dragon Group is owned by businessman and former legislator Chan Meng Kam. It operates about 200 gaming tables at its four casinos, accounting for around 21 per cent of the 930 tables at the Macau’s satellite casinos.
Currently, Macau has 18 satellite casinos operating under a licence associated with one of six casino franchisees but operated by third parties on their premises.
Under Macau’s proposed new gambling law, satellite casinos would be allowed to continue operating in the local market but would be given a three-year grace period to link the ownership of their sites to one of the city’s six franchises.
A group of gaming workers affiliated with the Macau Federation of Labour sent a letter to a Legislative Council committee analyzing the final draft of a draft amendment to Macau’s gaming law, expressing concerns about the future of satellite casinos.
