• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Tuesday 1 July 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
No Result
View All Result

Macau’s satellite casinos respond to news of impending closure

Ben Blaschke by Ben Blaschke
Tue 10 Jun 2025 at 05:34
Reaching for the summit

Casino Kam Pek Paradise

39
SHARES
972
VIEWS
Print Friendly, PDF & Email

The operators of Macau’s satellite casinos have responded to the news that they will be shuttered by year’s end, with some outlining plans to diversify their businesses or expand other offerings in an effort to generate new revenue streams.

Among the hardest hit is Paradise Entertainment, operator of Casino Kam Pek Paradise on the Macau peninsula, which noted in a filing that its casino management arm had generated revenue of HK$718.3 million in 2024, representing 66.2% of group-wide revenue.

The loss of its satellite business, operated since 2007, will result in “a material reduction in the reported revenue and profit attributable to the shareholders of the company [from] 1 January 2026,” the company said.

Paradise is also the parent company of gaming product supplier LT Game, which specializes in live multi-game terminals, stating that it “remains committed to its strategic focus on the development, sale and leasing of electronic gaming equipment and systems in both Macau and overseas markets, where the Group has been expanding progressively, and the Board believes that this segment holds significant potential for growth in future.

“The Group is actively enhancing its product offerings and seeking partnerships that will further strengthen its position in the gaming industry. Additionally, the Group is dedicated to exploring alternative business opportunities to diversify its operations and mitigate risks.”

Emperor E Hotel Limited, operator of nearby Grand Emperor Hotel, said it has been informed by SJM of the decision to cease satellite operations on Monday, with the Emperor E board now “actively exploring any suitable business opportunities.”

Grand Emperor Hotel

Macau Legend Development Ltd, which owns the Macau Fisherman’s Wharf precinct and has run satellite casino operations for SJM at Legend Palace since 2017, has already outlined in recent times uncertainty over its ability to continue as a going concern due to mounting losses but insisted it can pivot to other business segments in the future.

That’s despite noting that segment EBITDA from the casino segment was a profit of HK$15 million for the first four months of 2025.

The company said it believes the impact of the termination of its agreement with SJM can be mitigated because it had already anticipated lower gaming revenue had satellite casinos continued under management agreements rather than revenue share agreements in 2026, as had been dictated under Macau’s revised gaming laws.

It added that the group’s resources would “continue to be allocated to optimize the facilities of the Macau Fisherman’s Wharf, enhancing the exclusive experience of the waterfront complex and improving its flexibility to host large-scale events, and expects to increase revenues from non-gaming business including hotel, convention and exhibition, food and beverage and leasing of the then available premises in the forthcoming financial year.”

Legend Palace

While announcing the cessation of all satellite casino services on Monday, SJM explained that it would seek to acquire the properties at which two of its satellites, Ponte 16 and L’Arc Macau, are located with a view of transforming them into “owned” casinos.

Success Universe Group Limited, which holds a 49% stake in Ponte 16 operator Pier 16 – Property Development Limited (SJM holds the remaining 51%), confirmed “no definitive and/or legally binding agreements or contracts in respect of the SJM’s proposed acquisition have been entered into by Pier 16 – Property Development Limited and no detailed terms have been negotiated in respect of the same.”

Sofitel at Ponte 16

Nine of Macau’s 11 satellite casinos are operated under the license of SJM, with the concessionaire stating Monday that “regardless of the outcome of negotiations for the [two] potential acquisitions, all gaming tables and slot machines from affected satellite casinos will be reallocated to SJM Resorts’ self-owned casinos.”

Acquisition by SJM remains the only option for Ponte 16 and L’Arc Macau to continue offering gaming services or face the same fate as the other nine satellites currently operated by SJM, Galaxy and Melco.

RelatedPosts

On the brink

Macau GGR continues recent resurgence by rising 19% year-on-year to MOP$21.1 billion in June

Tue 1 Jul 2025 at 12:52
113 East gains Macau distribution rights for two environmental products aiding food waste reduction and air purification

113 East gains Macau distribution rights for two environmental products aiding food waste reduction and air purification

Mon 30 Jun 2025 at 12:26
Macau ranks first in China Tourism Academy’s “2024 Chinese Travellers Outbound Satisfaction Top 10 Destinations”

Macau ranks first in China Tourism Academy’s “2024 Chinese Travellers Outbound Satisfaction Top 10 Destinations”

Sun 29 Jun 2025 at 09:57
Charles Seo – Opportunity knocks

Charles Seo – Opportunity knocks

Fri 27 Jun 2025 at 13:03
Load More
Tags: Casino Kam Pek ParadiseGrand Emperor HotelMacauMacau LegendParadise EntertainmentPonte 16satellite casinosSuccess Universe
Share16Share3
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – An inconvenient truth

Editorial – An inconvenient truth

by Ben Blaschke
Fri 27 Jun 2025 at 15:21

It’s understandable that political observers, academics and members of the public in greenfield jurisdictions would express caution around the legalization...

Light & Wonder’s Siobhan Lane

Light & Wonder’s Siobhan Lane

by Ben Blaschke
Fri 27 Jun 2025 at 15:19

Siobhan Lane, Light & Wonder’s highly experienced CEO of Gaming, speaks to Inside Asian Gaming about the company’s ongoing transformation...

Honesty is the best policy

Honesty is the best policy

by Ben Blaschke
Fri 27 Jun 2025 at 14:13

The Thailand Entertainment Complex Roundtable brought industry stakeholders, politicians and supporters of the government’s Entertainment Complex Bill face to face...

Sri Lanka’s casino industry

Sri Lanka’s casino industry

by Shaun McCamley
Fri 27 Jun 2025 at 13:36

Industry veteran Shaun McCamley delves into the complex history of Sri Lanka’s casino industry at a time when the country...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

Thailand in political turmoil as Constitutional Court suspends Paetongtarn as Prime Minister over leaked phone call

Thailand in political turmoil as Constitutional Court suspends Paetongtarn as Prime Minister over leaked phone call

by Newsdesk
Tue 1 Jul 2025 at 15:26

Thailand’s fragile political situation took another dramatic turn on Tuesday as the Constitutional Court suspended Paetongtarn Shinawatra as Prime Minister pending an investigation into her leaked phone call with former Cambodia leader Hun Sen. Paetongtarn may still remain as culture...

On the brink

Macau GGR continues recent resurgence by rising 19% year-on-year to MOP$21.1 billion in June

by Ben Blaschke
Tue 1 Jul 2025 at 12:52

Macau’s casinos generated gross gaming revenue of MOP$21.06 billion (US$2.60 billion) in June, representing a 19.0% improvement over the same month last year and continuing the city’s recent growth spurt. The June figure was only slightly lower than May, when...

PAGCOR donates US$888,000 to Bureau of Immigration to help fund deportation of former POGO workers

PAGCOR donates US$888,000 to Bureau of Immigration to help fund deportation of former POGO workers

by Newsdesk
Tue 1 Jul 2025 at 08:54

Philippine gaming regulator PAGCOR has approved a Php50 million (US$888,000) grant to the Bureau of Immigration (BI) to fund the ongoing deportation of foreign workers previously employed by illegal offshore gaming operators, or POGOs, it revealed Tuesday. In a statement,...

Global operators asked to register interest as New Zealand moves forward with online gambling regulation

New Zealand introduces Online Casino Gambling Bill to parliament

by Newsdesk
Tue 1 Jul 2025 at 06:14

New Zealand’s Minister of Internal Affairs Brooke van Velden has officially introduced the country’s Online Casino Gambling Bill to the House of Representatives. The bill, which aims to regulate New Zealand’s online gambling market by offering up to 15 licenses...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English