Royal Dragon Casino Will Open In Macau Under An SJM Holding License
Macau’s casino industry is slowly returning to normal after Typhoon Hato hit the peninsula in late August and caused immense destruction and devastation to property and businesses. Macau will see the opening of yet another casino as the Royal Dragon Casino is expected to officially open its doors to the public on September 27.
The casino will open a few days before China’s Golden Week holiday in October. China’s National Day is on October 1 and the Mid-Autumn Festival falls on October 4. The State Council has scheduled holidays from October 1 to 8 which is generally known as the Golden Week in China.
Visitors from the Mainland usually flock to Macau during such holidays and casinos are known to see a spike in visitors and revenue. The Cotai district has witnessed the opening of some of the biggest casinos in Macau in recent times with the opening of the Wynn Place and the Parisian Macao but now Macau’s downtown district will add another new casino to its portfolio.
The Royal Dragon Casino will be located inside a commercial property that has been recently revamped. It is not too far away from the Macao Polytechnic Institute. The casino will operate under an SJM Holding casino license and since the Gaming Inspection and Coordination Bureau had not approved any new gaming tables for the property, SJM Holdings will have to cut gaming tables it one or more of its existing properties and shift them over to the new casino.
Macau’s gaming regulator has confirmed that the Royal Dragon Casino will open on September 27 but did not confirm how many tables would be present at the new venue nor did it release any information as to which existing SJM properties will see a cut back on gaming tables.
Macau official records show that businessman Chan Meng Kam is the chairman of Hotel Royal Dragon (Macao) Co which is the promoter of the new property. Chan is well known in Macau’s gaming community as he is also the chairman of the Golden Dragon Co Ltd – which operates the Golden Dragon casino hotel in downtown Macau and also the Casino Taipa Square. The Golden Dragon casino operates under an SJM gaming license while Casino Taipa operates under a Melco Resorts gaming license. The Royal Dragon Casino earlier had a sign featuring ‘Mocha Clubs’ which is a local slots only parlor that operates under the Melco brand but has since been taken down.
Carolyn DuttonAuthor
Carolyn is our legislation expert, with a background in law she is able to cover the current state of gambling around the world
