• 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
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Chan Meng Kam mulling bid if new casino licences in Macau

Aug 16, 2018 Newsdesk Latest News, Macau, Top of the deck  


Chan Meng Kam mulling bid if new casino licences in Macau

Macau businessman Chan Meng Kam (pictured centre) has told GGRAsia he is “thinking about” bidding for a Macau gaming licence, in the event of a new public tender process.

He also told us that a new two-star hotel he is planning to build – on plots of land just to the southeast of SJM Holdings Ltd’s Grand Lisboa property on Macau peninsula – was in the ”preparation phase”. Asked if he would seek to have gaming at the new property, Mr Chan said that there was “not yet any planning of the gaming side”.

Mr Chan’s privately-held Golden Dragon Group already runs four Macau casino hotels controlling circa 200 gaming tables under so-called “service agreements”.

The rights of the six current Macau licensees expire in either 2020 or 2022, and there has been some speculation among scholars and investment analysts that the Macau government might allow other investors to enter the sector, including possibly one or more of the current third-party backers. Some commentators have in any case called for an end to the current service agreement system once there is the anticipated new public tender process for Macau gaming rights.

In March this year Mr Chan had said he hoped locals could “participate” in the process of deciding future gaming rights for the Macau market.

The service agreement system – a legacy from the monopoly era of entrepreneur Stanley Ho Hung Sun – involves third-party investors piggybacking on the permits of one of the current licensees. There are six licensees presently in the Macau market, but only three – SJM Holdings, Melco Resorts and Entertainment Ltd and Galaxy Entertainment Group Ltd – operate service agreements. Mr Chan presently cooperates with SJM Holdings for the gaming at three of his current properties, and with Melco Resorts for the other one.

On Tuesday GGRAsia reported that Mr Chan’s group was in the process of rebranding his casino hotel portfolio to include the word “dragon” in all the property names.

When GGRAsia spoke to Mr Chan on Wednesday to ask him about the significance of that renaming, he told us merely that he liked the name “dragon”, and wanted to include it across the group’s venues.


  • tweet
Related articles
  • Melco’s Studio City has foreigner-only bet zone: checks
    Melco’s Studio City has...

    Mar 27, 2023  

  • Casino op SJM 2024 EBITDA to hit US$510mln: Moody’s
    Casino op SJM 2024 EBITDA to hit...

    Mar 22, 2023  

More news
  • Pagcor chairman keynote speech at SiGMA Asia
    Pagcor chairman keynote speech at SiGMA...

    Mar 28, 2023  

  • 3-month eVisa plan to boost Vietnam tourism: report
    3-month eVisa plan to boost Vietnam...

    Mar 28, 2023  


Latest News

Pagcor chairman keynote speech at SiGMA Asia

Pagcor chairman keynote speech at SiGMA Asia

Mar 28, 2023  

Alejandro Tengco (pictured), chairman and chief executive of the Philippine Amusement and Gaming Corp (Pagcor), is to give the keynote speech for the opening of the SiGMA Asia conference for the...
Read More
3-month eVisa plan to boost Vietnam tourism: report

3-month eVisa plan to boost Vietnam tourism: report

Mar 28, 2023  

Kangwon Land slot brand Manila office eyes SE Asia sales

Kangwon Land slot brand Manila office eyes SE Asia sales

Mar 28, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”The data and evidence on hand all point to the same conclusion: enough is enough. It is time to ban offshore gaming operations in the Philippines, once and for all”

Sherwin Gatchalian

Chairman of the Committee on Ways and Means of the Senate of the Philippines



Most Popular

  • Raffles hotel checks complete at Galaxy Phase 3: MGTORaffles hotel checks complete at Galaxy Phase 3: MGTO March 27, 2023
  • Melco’s Studio City has foreigner-only bet zone: checksMelco’s Studio City has foreigner-only bet zone: checks March 27, 2023
  • Foreigners can use HK-Macau free ticket says tourism bossForeigners can use HK-Macau free ticket says tourism boss March 27, 2023
  • Philippine lawmaker wants POGOs shut within 3 monthsPhilippine lawmaker wants POGOs shut within 3 months March 27, 2023
  • Macau diversification into non-gaming to remain slow: FitchMacau diversification into non-gaming to remain slow: Fitch March 24, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us