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Macau’s Closure of Satellite Casinos to Favour Licensed Resort Operators

Summary by South China Morning Post

SJM Holdings, which has nine of the 11 satellite casinos to be shut, was seen as the biggest winner, with its stock jumping 6.3 per cent in Hong Kong.

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Nikkei

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Macao 'satellite casinos' to close as China cracks down on dark money

HONG KONG -- Nearly a dozen off-premises "satellite casinos" in Macao will shut down by the end of the year as local and mainland Chinese authorities

4 days ago·Japan

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South China Morning Post

Center

Macau’s closure of satellite casinos to favour licensed resort operators

SJM Holdings, which has nine of the 11 satellite casinos to be shut, was seen as the biggest winner, with its stock jumping 6.3 per cent in Hong Kong.

4 days ago·Hong Kong

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Caixin Global

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Macao to Shutter Satellite Casinos Under New Rules

Macao to Shutter Satellite Casinos Under New Rules - JM, Melco and Galaxy will cease operations at 11 third-party venues by the end of the year, putting 5,600 employees up for redeployment

5 days ago

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newtalk.tw

From Glory to Decline! Macau's 11 Satellite Casinos Will Close at the End of the Year, Emperor Entertainment's Share Price Plummeted by Nearly 15%

Newtalk News As Macau's gaming industry accelerates its transformation, satellite casinos, as a legacy of the past, are about to completely withdraw from the stage of history. Macau's three major licensed gaming companies, SJM Holdings (00880.HK), Melco International Development (00200.HK) and Galaxy Entertainment (00027.HK), simultaneously announced on June 9 that a total of 11 satellite casinos under their umbrella will cease operations by th…

3 days ago

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Globo

China to Close Macau Satellite Casinos over Money Laundering Allegations

3 days ago·Brazil

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Macao News

Macao to close all satellite casinos amid regulatory changes

Macao's gaming concessionaires are set to close 11 satellite casinos by year-end, but will be required to retain the approximately 5,600 workers affected The post Macao to close all satellite casinos amid regulatory changes appeared first on Macao News.

4 days ago

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