<\/strong>by mid-year. The decisions are due to the negative impact of repeated Covid-19 outbreaks, tighter visa requirements in the city, the lack of cash flow and new rules proposed under Macau\u2019s gaming law amendment bill.<\/p>\n\n\n\nGolden Dragon Group has announced it will close its casinos Golden Dragon, Royal Dragon and Casino Million Dragon under SJM Holdings\u2019 licence and Grand Dragon Casino in Taipa under Melco Resorts.<\/p>\n\n\n\n
Macau junkets could become Vegas-style agents, analysts say<\/h2>\n\n\n\n
Professor Wang Changbin<\/strong>, director of the Centre for Gaming and Tourism Studies at Macao Polytechnic University, has told GGRAsia that junket operators could become mere agents in the future, introducing players to the city\u2019s casinos. The relationship would then be directly managed<\/strong> by the casinos themselves.<\/p>\n\n\n\nHe said the system would work like the independent agents that work in Las Vegas. There, independent agents not part of the casinos are authorised to deal with operators to bring in quality players. Inside the casinos themselves, casino hosts deal with the players.<\/p>\n","protected":false},"excerpt":{"rendered":"
Macau’s Labour Affairs Bureau (DSAL) says SJM will have to take the necessary diligence to safeguard the rights of dismissed workers.<\/p>\n","protected":false},"author":176,"featured_media":26697,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Macau's Labour Affairs Bureau is overseeing SJM's obligations to approximately 500 laid-off workers following the closure of the Grand Emperor Hotel casino, driven by a \"gloomy outlook\" for high-end gaming and broader market challenges. This comes amidst reports of multiple satellite casino closures and discussions about a potential shift in the junket operator model towards a Las Vegas-style agent system due to new gaming law amendments and market pressures.","focusai_entities":"SJM, Labour Affairs Bureau, DSAL, Grand Emperor Hotel, Emperor Entertainment, Golden Dragon Group, Melco Resorts, Macao Polytechnic University, Professor Wang Changbin, Macau Daily","focusai_location":"Macau, Taipa, Las Vegas","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (0.9), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"SJM's Labor Obligations","query":"What specific regulatory and financial liabilities does SJM face regarding the dismissed workers from Grand Emperor Hotel, and how might this precedent impact future satellite casino closures under concessionaire licenses?"},{"label":"Macau Gaming Law Impact","query":"How will the proposed Macau gaming law amendment bill specifically alter the operational viability of satellite casinos and the B2B model for junket operators, particularly concerning revenue share and regulatory oversight?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23906,6942],"class_list":["post-28754","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-macau-casinos","tag-sjm"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=28754"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28754\/revisions"}],"predecessor-version":[{"id":28760,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28754\/revisions\/28760"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26697"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=28754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=28754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=28754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}