Grand Dragon Satellite Operations Beyond June 27: Melco Ent
Macau’s Grand Dragon satellite casino, which uses the gaming license of Melco Resorts and Entertainment Ltd, will operate “beyond June 27, 2022, with its employees continuing to be fully engaged,” the licensee said in a press release. Thursday.
Melco Resorts’ statement mainly commented on the extension of its gaming rights in Macau – signed Thursday with the government – until December 31, pending the preparation of a new public call for tenders, then the award of a new generation of up to six concession contracts.
Prior to these new concessions, Grand Dragon, a hotel-casino in Macau’s Taipa district controlled by Golden Dragon Group Co Ltd, founded by Macau businessman Chan Meng Kam, has the option to continue operating until to December 31 inclusive.
The future business model of Macau’s satellite venues – which piggyback on the gaming rights of Macau licensees respectively, but have third-party investors – has been highlighted by regulatory changes under the revised city games, past tuesday by the Legislative Assembly of Macao.
Under the satellite system – before and since the revision of the law – the gaming license holder is responsible for the gaming operations staff working within the satellite.
It has been separately reported that three other Golden Dragon Group satellite properties – Casino Golden Dragon, Casino Million Dragon and Casino Royal Dragon, all on the Macau Peninsula – will have their gaming operations handled directly by the relevant gaming licensee, SJM Holdings Ltd. , starting June 27.
GGRAsia contacted SJM Holdings for confirmation, but did not receive a response. Public broadcaster TDM initially reported that games at the three venues would continue until December 31.
Galaxy Entertainment Group Ltd mentioned in a press release on Thursday an update on the situation regarding its three satellite operations, managed under the City Clubs brand.
He asserted – as previously stated in a message to GGRAsia last week – that Waldo Casino would continue to operate at least until the end of the concession extension, and that the staff of the two closed satellite casinos, Rio Casino and President Casino, would be absorbed into the group’s main workforce , and the workers concerned, would benefit from vocational training.
Galaxy Entertainment noted, “Effective June 16, 2022, Galaxy Entertainment Group ceased the operation of two of its City Clubs, namely Rio Casino and President Casino, while the operation of another City Club, Waldo Casino, will remain in operation until the end. of this year.
The company further indicated that it would “reassign its team members from Rio Casino and President Casino to its other casinos, while maintaining all of their terms of employment.”