Inside Asian Gaming

INSIDE ASIAN GAMING AUGUST 2018 12 MACAU SATELLITE CASINO operator Paradise Entertainment Ltd says it will likely look to apply for a Macau casino license once the re-tendering process gets underway in the next few years. Speaking with Inside Asian Gaming , Paradise Entertainment’s Investor Relations Manager Bob Shen said that a final decision on whether to apply would be made after the government releases details on the process later this year, but confirmed the company’s interest should a seventh Macau gaming license become a reality. “We welcome the Macau government to grant a new gaming license to a local company like us to create greater competition and benefit the Macau gaming industry,” Shen said. “At the moment it is too early to comment on whether Paradise is qualified to apply because we need to see what the re-tendering process from the government requires, but we welcome whatever is best for us and best for Macau.” The 20-year casino licenses of Macau’s six concessionaires all expire inside the next four years, with SJM and MGM the first to expire in 2020. The remaining four concessions expire in 2022. The Macau government has previously announced that it will release details of the re-tendering process in the second half of 2018, with at least one additional license expected to be issued when the time comes. Paradise currently operates two satellite casinos in Macau – Kam Pek under the license of SJM and Waldo under the license of Galaxy. It also supplies the majority of Macau’s Live Multi-Game terminals with almost 5,000 currently installed in various Macau casinos. PARADISE ENTERTAINMENT EYES MACAU CASINO LICENSE Paradise Entertainment Chairman and CEO Jay Chun