Search Results for: Macau concessionaire SJM Resorts
Ponte 16 Executive Says Macau Government Should Allow Satellites to Get a Performance-Based Casino Revenue Share
June 14, 2022
A management official at one of the most prominent satellite casino resorts in Macau – Ponte 16 – has shared his hopes to see...
Macau casino industry to report combined US$102 million EBITDA loss for 1Q22: Morgan Stanley
April 13, 2022
A number of Macau’s casino concessionaires could report negative EBITDA for the three months to 31 March 2022, driven by weaker...
Macau’s Grand Emperor to cease satellite casino operations
April 4, 2022
Macau’s Grand Emperor Hotel will cease casino operations from 26 June 2022, citing a challenging business environment due to CO...
Golden Dragon Group to shutter all four Macau satellite casinos by mid-2022
March 28, 2022
The four satellite casinos operated by former Macau legislator Chan Meng Kam’s Golden Dragon Group are said to be among seven s...
Paradise chair Jay Chun concerned by Macau satellite casino threat
March 25, 2022
The chairman of Paradise Entertainment Ltd, Jay Chun, has highlighted the “significant contribution” from satellite casinos t...
Macau Legislators Review Gaming Law Amendments, Prepare for Final Reading
March 24, 2022
Macau continues to advance its efforts to update local gambling laws. The committee charged with their review wrapped up another ...
Macau unions fear for satellite casino jobs in law revision
March 23, 2022
Several gaming labour groups affiliated to Macau’s Federation of Trade Unions – the largest local labour organisation – sai...
Macau looking to introduce draft gaming bill on Monday
January 20, 2022
The government of Macau has reportedly announced that it intends to use a full Monday session of the enclave’s Legislative Asse...
Tighter controls for Macau’s casinos
January 19, 2022
Macau's Legislative Assembly has published the draft of a highly anticipated gaming law bill that gave details on the Chinese ter...
Former Tak Chun Group chair to have reduced jail time, increased financial penalties
January 12, 2024
Levo Chan, the former chairman of Tak Chun Group, was absolved of all fraud charges by the Court of Second Instance in Macau.
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