{"id":777027798,"date":"2025-06-13T10:16:21","date_gmt":"2025-06-13T13:16:21","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777027798"},"modified":"2026-04-21T21:54:14","modified_gmt":"2026-04-22T00:54:14","slug":"study-estimates-closure-of-macau-satellite-casinos-will-negatively-impact-property-values","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/study-estimates-closure-of-macau-satellite-casinos-will-negatively-impact-property-values","title":{"rendered":"Study suggests closure of Macau satellite casinos will negatively impact property values"},"content":{"rendered":"\n<p>Realtor Jones Lang LaSalle said the impact would extend to surrounding commercial real estate.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- Realtor Jones Lang LaSalle (JLL) has predicted that the <a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-satellite-casinos-to-shut-down-by-year-end-government-says\" data-type=\"link\" data-id=\"https:\/\/focusgn.com\/asia-pacific\/macau-satellite-casinos-to-shut-down-by-year-end-government-says\" target=\"_blank\" rel=\"noreferrer noopener\">closure of satellite casinos in Macau by the end of the year<\/a> will have a negative impact on value of related property and surrounding commercial real estate. It said the effects could continue into early next year.<\/p>\n\n\n\n<p>Mark Wong, senior manager of the agency\u2019s valuation and advisory services, said: \u201cThe casino area constitutes about 50 per cent of the total valuation, with rental rates per square foot based on casino revenue. If the satellite venues cannot engage in gambling activities and can only offer other commercial facilities, the rental income per square foot will significantly drop, resulting in a corresponding decrease in property valuation.\u201d<\/p>\n\n\n\n<p>He said that commercial properties valued at HKD80m ($10.1m) to HKD100m ($12.7m) before 2020 had fallen to HKD50m ($6.3m) since the Covid-19 pandemic. Following the implementation of the city\u2019s new gaming law, some satellite casinos already exited the market, causing prices to decline to HKD30m ($3.8m).<\/p>\n\n\n\n<p>On June 10, the government announced that it had received notifications from SJM Resorts, Melco Resorts and Galaxy Entertainment Group that 11 satellite casinos would close by the end of the year. The casinos are: SJM\u2019s Casino Grandview, Casino Legend Palace, Casino Fortuna, Casino Landmark, Casino Ponte 16, Casino Le Royal Arc, Casino Emperor Palace, Casino Kam Pek Paradise and Casino Casa Real; Melco\u2019s Casino Grand Dragon and Galaxy\u2019s Casino Waldo.<\/p>\n\n\n\n<p>According to the government, the three gaming concessionaires have agreed to adequately compensate employees affected and the Labour Affairs Bureau will monitor the situation to ensure that their rights and interests are met. However, some members of Macau\u2019s Legislative Assembly have expressed <a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-lawmakers-concerned-over-the-reassignment-of-satellite-casino-workers\" data-type=\"link\" data-id=\"https:\/\/focusgn.com\/asia-pacific\/macau-lawmakers-concerned-over-the-reassignment-of-satellite-casino-workers\" target=\"_blank\" rel=\"noreferrer noopener\">concerns about the reassignment of around 5,600 workers<\/a> who may lose their jobs with the closure of satellite casinos in the city. Lawmaker Ella Lei said workers worry there may not be enough jobs and that government must ensure gaming companies with openings prioritise hiring the workers affected.<\/p>\n\n\n<div id=\"see-also-container\">\n\t\t\t<span class=\"see-also-label\">See also:<\/span><\/p>\n<div class=\"related-article\">\n\t\t\t\t<img decoding=\"async\" class=\"related-article__thumbnail\" src=\"https:\/\/focusgn.com\/asia-pacific\/wp-content\/uploads\/sites\/5\/2021\/08\/Cambodia-Casinos-in-Phnom-Penh-to-remain-closed-until-August-26-300x200.jpg\" alt=\"\"><\/p>\n<p class=\"related-article__text\">\n\t\t\t\t\t<span class=\"see-also-label-strong\">See also:<\/span> <a href='https:\/\/focusgn.com\/asia-pacific\/hokkaido-economic-federation-supports-plans-for-new-casino'>Hokkaido Economic Federation supports casino plans<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"<p>Realtor Jones Lang LaSalle said the impact would extend to surrounding commercial real estate.<\/p>\n","protected":false},"author":218,"featured_media":16178,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The impending closure of 11 satellite casinos in Macau by year-end is projected to significantly depress the valuation of related properties and surrounding commercial real estate, with rental income per square foot expected to decline sharply. This regulatory shift, following Macau's new gaming law, also raises concerns regarding the reassignment and potential job displacement of approximately 5,600 workers, prompting calls for government and concessionaire intervention.","focusai_entities":"Jones Lang LaSalle (JLL), SJM Resorts, Melco Resorts, Galaxy Entertainment Group, Labour Affairs Bureau, Macau\u2019s Legislative Assembly, Mark Wong, Ella Lei","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.85), operator_casino (0.9), investor_analyst (0.95), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Property Outlook","query":"What is the projected long-term impact of satellite casino closures on Macau's commercial real estate market, particularly for properties not directly tied to gaming operations?"},{"label":"Workforce Reassignment Strategy","query":"How will the Macau government and concessionaires ensure the effective reassignment and re-skilling of the 5,600 affected workers to mitigate significant unemployment risks within the gaming sector?"}],"footnotes":""},"categories":[28,16338,24628,158],"tags":[23906],"class_list":["post-777027798","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-east-asia-news","category-highlight-of-the-week","category-slider-home","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777027798","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\/218"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777027798"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777027798\/revisions"}],"predecessor-version":[{"id":777027803,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777027798\/revisions\/777027803"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16178"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777027798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777027798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777027798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}