• 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

Success Dragon confirms new deals with two Macau casinos

Sep 20, 2021 Newsdesk Latest News, Macau, Top of the deck  


Success Dragon confirms new deals with two Macau casinos

Gaming services provider Success Dragon International Holdings Ltd is to “supply, set up and manage” a minimum of 120 slot machines and multi-terminal machine units in the slot halls of Macau casinos Grandview and Casa Real (pictured in a file photo), respectively. The announcement was made by the firm in a filing to the Hong Kong Stock Exchange.

The two new deals, announced on Friday, were done via Success Dragon’s wholly-owned subsidiary, Ace Advantage Developments Ltd. The agreements are still subject to regulatory approval and approval from casino operator SJM Holdings Ltd.

Hong Kong-listed Kingston Financial Group Ltd controls the Casa Real casino on Macau peninsula, and the Grandview casino on Taipa, in both cases using SJM Holdings’ gaming rights. Ace Advantage’s deals were done with Today Holdings Ltd, identified in Success Dragon’s filing as the manager of both Grandview and Casa Real.

The two agreements mark a U-turn from Success Dragon’s stated plan to leave the Macau gaming services market, as announced in late April. At the time, the firm had said it would discontinue the business segment due its “less than satisfactory performance”. The decision followed the official expiry of the agreements it then had in place with Grandview and Casa Real.

By late June, Success Dragon had flagged it would in fact stay in the gaming services segment.

In its latest filing, Success Dragon said it had continued to provide services to both the Grandview and Casa Real casinos after the expiry of the previous contracts. That was “because the manager was yet to identify new supplier(s) to replace” Success Dragon.

The start of the new deals now announced has been respectively backdated to the end of the original agreements, said the company in its filing.

That means the agreement for Grandview officially began on May 1, 2021; and the deal for Casa Real started on June 1, 2021. Both deals run until June 26, 2022, with an option for Ace Advantage to renew the term for another one year, subject to conditions.

Success Dragon stated that Ace Advantage would be entitled – on a monthly basis – to a “performance bonus”, being a fixed percentage of the net income of the manager from the slot operations for the given month.

Success Dragon said it had paid approximately HKD3.2 million (USD410,000) as deposits to Today Holdings for charges and expenses in relation to the cooperation between the two sides.

The company stated in its latest filing that the board of Success Dragon believed that the financial performance of the gaming services segment would “improve under a better market condition along the continued increase in vaccination rates and the gradual recovery of the tourism industry in Macau.” The firm added it would also introduce measures to improve operation efficiency of its gaming services segment, and implement “appropriate cost control measures”.


  • tweet
Related articles
  • Possible US$637mln loan via STDM to shore SJM: mgmt
    Possible US$637mln loan via STDM to...

    May 04, 2022  

  • SJM only about six months of liquidity runway: JP Morgan
    SJM only about six months of liquidity...

    Apr 25, 2022  

More news
  • New Lim cruise biz only months after GEN HK in liquidation
    New Lim cruise biz only months after...

    May 18, 2022  

  • Kangwon drove 2021 S.Korea casino revenue growth: govt
    Kangwon drove 2021 S.Korea casino...

    May 18, 2022  


Latest News

New Lim cruise biz only months after GEN HK in liquidation

New Lim cruise biz only months after GEN HK in liquidation

May 18, 2022  

A casino cruise brand reportedly controlled by Malaysian entrepreneur Lim Kok Thay is to launch services from Singapore fewer than five months after the Lim family-founded Dream Cruises brand of the...
Read More
Kangwon drove 2021 S.Korea casino revenue growth: govt

Kangwon drove 2021 S.Korea casino revenue growth: govt

May 18, 2022  

Over 7.9mln Bloomberry shares vested to some senior execs

Over 7.9mln Bloomberry shares vested to some senior execs

May 18, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$10 billion

Target set by gaming equipment and online content provider Light & Wonder for total capital creation from 2022 to 2025



Most Popular

  • Wynn CEO, Macau execs in base pay cut in return for sharesWynn CEO, Macau execs in base pay cut in return for shares May 17, 2022
  • Macau repeat visitors denied visa by China says BernsteinMacau repeat visitors denied visa by China says Bernstein May 16, 2022
  • U.S. says Steve Wynn ‘foreign agent’, lobbied for ChinaU.S. says Steve Wynn ‘foreign agent’, lobbied for China May 18, 2022
  • Alleged bribe offer to ex-Wynn manager probed by HK, MacauAlleged bribe offer to ex-Wynn manager probed by HK, Macau May 17, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us