The Macau government’s proposal to link so-called “satellite” casino venues to local game concession holders in gaming regulation legislation is “surprising,” an investor in satellite operations told. Investors and Macau gameologists said they could not rule out the possibility that Macau’s satellite casino business would disappear in the future, respectively.
Hoffman Mahoman pointed out in a consultation document on the revision of the Macau Game Law published in September that “it did not mention the treatment of satellite casinos.” He is an executive of Hong Kong-listed Success Universe Group Ltd, an investor in Ponte 16 Casino Resorts, which uses game licenses from SJM Holdings.
A summary of the Macau Game Law amendment was released on Friday. Currently, six Macau licenses expire in June, and the government said a new regulatory system should be in place before a new public tender for Macau’s gaming rights can be made. The city’s satellite casino will have a three-year grace period to tie up building ownership with one of the six game concession rich to be allowed in the Macau market under the proposed legislation. “It’s…,” Ma said in a commentary on GGRASIA… Are you going to transfer 100% ownership?” “Or do you have any special equity requirements?” 슬롯머신
“If the government’s proposal for a satellite casino is enacted, it will result in a problem between satellite casino investors and game concessions: will the assets in question be sold at a reasonable price?” Ma added. Currently, there are 18 satellite casinos in the city: 14 use the rights of SJM Holdings, 3 use the rights of Galaxy Entertainment Group, and 1 use the licenses of Melco Resorts & Entertainment. Wang Chang-bin, director of the Center for Game and Tourism Research at the Macau Polytechnic Laboratory, told GGRAcia that “the proposed legislation on the regulatory side addresses the supervisory issues related to satellite casinos.”
However, he added, “In economic terms, if satellite casinos fail to see the site (by the game operator) acquired and the game’s operations are terminated, it could mean potential customer network loss.” Under the proposed law, current satellite casino investors “probably will no longer serve as game operators unless they become game concession bidders or shareholders of this bidding company,” the scholar said.
The Hong Kong-listed company manages LT Game Ltd, a brand that provides electronic gaming equipment and management technology to casinos. Paradise Entertainment is also a casino campec farada under the license of SJM HoldingsI’m running a casino in Is. Ambrose Sufei, vice chairman and chief executive of SJM Holdings, quoted Hong Kong’s Chinese-language newspaper Ming Pao on Monday as saying a new “cooperation” model would need to be negotiated with game concessors for the Macau satellite venue.