SJM to continue operating Emperor casino for six months, to pay US$2.6m in fees

June 16, 2022 Macau Industry Updates

SJM Holdings will continue to run the satellite casino in Macau’s Grand Emperor Hotel for another six months and will pay HK$21 million ($2.6 million) in fees for hotel rooms and other services.
Emperor Hotel said in a statement to the Hong Kong Stock Exchange that SJM would pay the services fee to Tin Hou, an indirect wholly owned subsidiary.

Emperor announced in April that it would cease gaming operations at the hotel from the end of June.

SJM will run the casino space free of charge, the group said.

Amendments to Macau’s gaming law, coupled with the lack of recovery in gaming revenue, has thrown the future of Macau’s satellite casinos into doubt, with concern of closures and the resulting loss in employment.