Wald Casino, a satellite casino operator that uses Galaxy Entertainment Group’s (GEG) game concessions, will continue to operate until the end of this year, a GEG representative told the Chinese newspaper Macao Daily News on Friday night.
However, GEG will soon report whether it means that the existing third-party management of Waldo Casino & Hotel will continue to operate the game, or that it will take over the casino business directly at the facility next to Macau’s Golden Lotus Square. Did not specify to. Peninsula.
The news came as two of the three satellite casinos using the GEG concession (Rio Casino and President Casino in downtown Macau) closed on Wednesday, June 15th.
The city’s current six game concessions and subcontractors, including GEG, will expire on June 26, but the government is preparing to release a new round, so six more game licenses will be available until the end of 2022. I have already agreed to extend the month. License bidding.
Nonetheless, the fate of the city’s satellite casinos — a game venue operated by a third-party investor under a service contract with one of the six game operators — is a new gaming law and Covid-19. The dire business environment caused by the outbreak. The new game law is scheduled for final voting by the Legislative Assembly on June 21st.
Elmenly, Executive Vice President of Business Development, Hotels and MICE Sales at GEG, on Friday night in Macau Daily News, Game Operator and Rio on June 26, regarding a half-page ad issued by Rio Hotel & Casino management. The service contract was due to expire on the day, so we had been negotiating for several months about the future of the satellite casino on the premises.
Lee was reportedly said that the parties had not changed their minds about the end of Rio Casino’s operations, adding “rumors” that the owners of Rio Hotel & Casino, which demanded high rents, were not true.
Rio Holdings, which appears to be in charge of running the Rio Hotel & Casino, is a half-page ad for the Macao Daily News on Friday, with GEG ending cooperation on June 15th from Rio Casino a few months ago.
“Concessionaire has never negotiated with us to renew our cooperation and has never offered us to continue. [casino] It operates by leasing the venue. ” “The rumors that the landlord is demanding high rent are completely wrong.”
Online gaming media outlet Allin Media also reported on Friday that SJM’s 14 satellite casinos are expected to continue to operate at least until the end of the year.
According to the report, four of them (Casino Landmark, Casino Ponte 16, Casino Kampek Paradise, Casino Fortuna) will continue to be operated by third-party investors, and the remaining 10 satellite casinos will be operated directly by SJM. .. In other words, the Casino Emperor Palace at the Grand Emperor Hotel. Macau Fisherman’s Wharf Casino Babylon and Legend Palace. Property casinos owned by businessman Chan Meng Kam’s Golden Dragon Group Golden Dragon, Royal Dragon, Million Dragon. Casino Casa Real; Casino GrandView; Casino Le Royal Ark; and Casino Diamante.
