Sociedade de Jogos de Macau S.A. subsidiary SJM Holdings Limited, one of six casino gaming concessionaires in Macau, had provided rights to a new gambling venture. Royal Dragon Casino is reportedly operating 20 gaming tables in room-144 of the Hotel Royal Dragon.
The local entrepreneur Chan Meng Kam is being reported by GGRAsia to be the man behind new venture. The Chairman of the biggest Macau based Junket operator Suncity Group, Alvin Chau Cheok Wa, also attended the inauguration ceremony of the new casino. Suncity Group also runs VIP betting rooms with monthly stakes exceeding $17 billion and is Macau’s leading junket operator.
The Royal Dragon Casino approximated cost from dream to reality is reportedly $186.5 million. Chan is also known to be the brainchild of the successful ventures at former Porteguese enclave Hotel Taipa Square and Hotel Golden Dragon widely known Casino Taipa Square and Casino Golden Dragon respectively.
The GGRAsia had reported in a report that the new venue will provide three star standards to its customers. “The venue was designed to house 25 gaming tables [and] we are going to open first and will review the number of gaming tables later,” Chan said in a statement.
The new casino gaming tables were designed to attract mass-market players. Chan further explained that the tables had been shifted to the new venue from the unspecified licensed locations of SJM Holdings Limited and the Casino Golden Dragon.
Chan reportedly made clear that he was ‘not yet interested in’ biding for only a gambling license during renewal process of concessionaires. The current licenses will start expiring from 2020, which are currently authorized to six casino operators in Macua. He was of the opinion that the increase in number of concessionaires should be considered by the government while reauthorizing the licenses to the new parties.
“There are only two to three years left until 2020,” Chan reportedly told GGRAsia. “The government should pick up the speed to initiate, study the matter and make arrangements. I think [the Macau gaming market] should be opened further. The government should consider [how many gaming licenses to add].”
