4 Golden Dragon Team satellites set to shut up store


&#13
&#13
&#13

Four of the seven satellite casinos that are likely to shut by mid-calendar year are linked to the Golden Dragon Group, which is owned by former legislator Chan Meng Kam, Allin media studies.

The group operates four casinos beneath the license of SJM Holdings and one particular, the Grand Dragon On line casino in Taipa, underneath license from Melco Resorts & Enjoyment.

The casinos have about 200 gaming tables out of the 930 now operational in the metropolis. Macau has 40 running casinos, with 18 of those people now considered as satellite casinos, functioning below a deal with a concessionaire.

Below amendments to Macau’s gaming legislation, the actual premises of the satellite on line casino have to be owned by the license holder. They have been provided a 3-year grade time period to reorganize their business enterprise.

The amendments pertaining to satellite casinos have raised fears because of to fears on the impression on area employment in Macau.

&#13
&#13

&#13
&#13