Macao is gearing up to shut down all 11 of its satellite casinos by the end of this year, as mandated by new gaming regulations. The gaming concessionaires, including big names like SJM, Galaxy, and Melco, will have to continue paying salaries for the around 5,600 employees impacted by these closures.
Key Points
- All satellite casinos must close by 31 December 2025 due to regulatory amendments.
- Employees, including approximately 4,800 directly hired local workers, will be retained by the concessionaires.
- The casinos affected include famous venues such as Grandview and Legend Palace.
- The new legislation requires that all gaming operations occur in premises owned by gaming concessionaires.
- Concessionaires can no longer leverage third-party operators for profit sharing as the management company model takes precedence.
Why should I read this?
This article dives into a significant shift in Macao’s gaming landscape that could reshape the entire industry. Whether you’re a local or just interested in gambling laws, the implications of these regulations affect not just the casinos, but also thousands of employees and, ultimately, the economy of the region. We’ve done the digging for you, so check it out!
