Golden Dragon Group Co Ltd has an agreement with Macau casino licensee SJM Holdings Ltd to continue gaming until December 31 at three Dragon-branded satellite casinos in the city. That is according to a Friday report from the Portuguese-language radio service of public broadcaster TDM, citing sources it did not identify.
The casinos are: Golden Dragon (pictured) – the original venue of the group – Million Dragon, and Royal Dragon; all on Macau peninsula. According to the radio report, they have in aggregate 200 casino tables.
GGRAsia approached SJM Holdings for confirmation of the report, but had not received a reply by the time this story went online.
A fourth property, Grand Dragon, in Taipa, is a satellite under the Macau gaming licence of Melco Resorts and Entertainment Ltd.
Golden Dragon Group is led by Macau businessman and former local legislator Chan Meng Kam.
Macau’s satellite venues – mostly casino hotels that have third-party promoters or investors, but that respectively rely on the gaming licence of one of Macau’s casino concessionaires – face a new regulatory framework to coincide with a fresh set of gaming concessions due to come into force at some stage next year.
(Updated 11pm, June 17)
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