SJM satellites Ponte 16, Kam Pek to continue ops to Dec
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Success Universe Group Ltd, an investor and promoter in Macau casino hotel Ponte 16, has agreed with casino operator SJM Holdings Ltd to extend the provision of gaming services at the property until the end of this year. The information was confirmed to GGRAsia by Success Universe’s deputy chairman and executive director, Hoffman Ma Ho Man.

Casino games maker and casino management firm Paradise Entertainment Ltd also confirmed to GGRAsia on Monday that it had agreed with SJM Holdings to extend the provisioning of gaming services at Casino Kam Pek until the end of this year.

The two casinos are known as “satellite” gaming venues, run under a service agreement with SJM Holdings. Macau satellite casinos are venues controlled by independent investors, but must piggyback on the gaming licence of an existing casino concessionaire.

The city’s six casino operators had already applied to the Macau government for an extension until December 31 of their existing rights, as made feasible by the local authorities. The current licences are due to expire on June 26. The extension gives time for the Macau government to prepare a new public tender for Macau gaming permits.

Source: https://www.ggrasia.com/sjm-satellites-ponte-16-kam-pek-to-continue-ops-to-dec/