China – Golden Dragon to close four satellite casinosBy Phil - 28 March 2022
Macau’s Golden Dragon Group will shut four of its satellite casinos by the summer amid claims that such operators feel ‘hopeless towards the future.’
The four casinos are part-owned by former legislator Chan Meng Kam. Casino Golden Dragon, Royal Dragon and Casino Million Dragon all operate via a gaming licence held by SJM Holdings whilst the Grand Dragon Casino in Taipa operates via Melco Resorts..
Together they house 200 gaming tables, making up just over a fifth of Macau’s 930 tables in satellite casinos.
Currently, there are 18 operational satellite casinos among a total of 40 casinos in Macau. New laws unveiled in January, will force all satellite casinos in Macau into properties owned by gaming licence holders. Despite a grace period of three years being offered, more satellite casinos are expected to close rather than relocate.