• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Soft reopening for Macau Jockey Club casino

May 14, 2014 Newsdesk Latest News, Macau  


Soft reopening for Macau Jockey Club casino

Macau Jockey Club casino – operating on a Sociedade de Jogos de Macau SA gaming licence – has had a soft reopening ahead of the Macau Derby, the premier horseracing event in the local calendar, which this year takes place later than usual on May 30. The casino had been closed since 2004.

The venue is a collaboration between Angela Leong On Kei (pictured) and Li Chi Keung, who is managing director of Macau Jockey Club. More significantly, according to Hong Kong Stock market filings, Mr Li is also a major investor in Macau junket operations.

He’s also related to the people that run Hong Kong-listed Kingston Financial Group Ltd, which in turn has a majority interest in SJM-licensed Grandview Hotel and its casino across the road from the jockey club.

Industry watchers can also throw into the mix a planned casino hotel project for that area called the Hollywood Roosevelt Hotel. It’s been linked with Ms Leong, fourth consort of Stanley Ho Hung Sun, a director of SJM Holdings Ltd and a three-term member of the Legislative Assembly.

The Hollywood Roosevelt also seems likely to be grandfathered on an SJM licence on the basis of a supposedly pre-existing service agreement.

All three properties will sit conveniently next to a planned public transport hub being constructed at Taipa that will include an interchange for buses and the planned Light Rail Transit system. That could drive mass-market traffic to a new casino mini-hub in a district that is primarily residential.

Last August the jockey club announced it was closing some loss-making off-site betting parlours in line with the Macau government’s policy on reducing or mitigating the effects of gambling by local people. Whether the jockey club’s revamped casino – dark for a decade – will be a locals venue or mainly for outsiders will probably depend on how it is marketed.

Gaming equipment supplier Paradise Entertainment Ltd, chaired by Jay Chun, announced recently that its unit LT (Macau) Ltd had won a service contract with the Macau Jockey Club casino. The parent company says LT Macau will provide the casino with sales, marketing, promotion, player development and referral, event coordination and other services. The contract entitles LT Macau to 55 percent of the net win from the jockey club casino’s live multi-game machines and chipless e-baccarat tables, and to 40 percent of the net win from the casino’s slot machines.


  • tweet
Related articles
  • Japan casino floor limit to be set by govt: report
    Japan casino floor limit to be set by...

    Apr 19, 2018  

  • Macau should weed out smaller junkets: U.S. govt
    Macau should weed out smaller junkets:...

    Apr 16, 2018  

More news
  • Macau regulator approves Lucky 6 side bet for baccarat
    Macau regulator approves Lucky 6 side...

    Apr 25, 2018  

  • China lottery sales up 6pct March, 9pct for 1Q
    China lottery sales up 6pct March, 9pct...

    Apr 25, 2018  


Latest News

Macau regulator approves Lucky 6 side bet for baccarat

Macau regulator approves Lucky 6 side bet for baccarat

Apr 25, 2018  

Macau’s casino regulator has approved the introduction of a new betting option for the casino game of baccarat as it is offered in the local market. The announcement was published in the city’s...
Read More
China lottery sales up 6pct March, 9pct for 1Q

China lottery sales up 6pct March, 9pct for 1Q

Apr 25, 2018  

Konami wins Carnival Corp casino management tech deal

Konami wins Carnival Corp casino management tech deal

Apr 25, 2018  

Slideshow

Macau casinos celebrate Chinese New Year

Interviews

  • BMM prepped for Macau EGM regulation update: White
    BMM prepped for Macau EGM regulation update: White

    Jan 04, 2018  

    BMM Testlabs “ticks all the boxes” with regard to its...
  • Japan, Cambodia, Vietnam casino biz to watch: Klebanow
    Japan, Cambodia, Vietnam casino biz to watch: Klebanow

    Dec 08, 2017  

    The regulated casino industry is well versed in dealing...
  • Cloud services, e-Sports highlights of MGS 2017: Chun
    Cloud services, e-Sports highlights of MGS 2017: Chun

    Oct 23, 2017  

    The presence of some of the leading cloud computing...
  • Crunch time for Tokyo casino option: Caesars exec
    Crunch time for Tokyo casino option: Caesars exec

    Jul 11, 2017  

    The Tokyo local election setback for Japan’s governing...
  • Suncity bets on Vietnam, resurgent Macau VIP: Andrew Lo
    Suncity bets on Vietnam, resurgent Macau VIP: Andrew Lo

    Jul 06, 2017  

    A multibillion U.S. dollar casino project on Vietnam’s...

Pick of the Day

"As CEO, I am not interested in looking at the rear-view mirror… I am only focused in the future"

Matt Maddox

Chief executive of Wynn Resorts and Wynn Macau



Most Popular

  • Macau Legend plans min US$300-mln further Laos inputMacau Legend plans min US$300-mln further Laos input April 24, 2018
  • Wynn Macau Ltd profit doubles, peninsula revamp soonWynn Macau Ltd profit doubles, peninsula revamp soon April 25, 2018
  • Macau regulator approves Lucky 6 side bet for baccaratMacau regulator approves Lucky 6 side bet for baccarat April 25, 2018

Copyright 2017 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us