Melco Resorts & Leisure has introduced plans to shut its satellite tv for pc venue, Grand Dragon On line casino, and three Mocha Membership areas in Macau earlier than the top of the yr.
This choice was fashioned based mostly on strategic concerns and up to date amendments to Macau’s gaming rules.
The closures will particularly influence Mocha Resort Royal, Mocha Kuong Fats, and Mocha Grand Dragon Resort however staff presently working at these venues will surprisingly not face job losses, as Melco confirmed they are going to be reassigned to roles at different properties throughout the firm’s Macau portfolio.
Gaming tables and digital machines from the closing venues are additionally anticipated to be redistributed to Melco’s different gaming services throughout the town.
Melco, nevertheless, intends to retain operations at three extra Mocha Golf equipment, particularly Mocha Inside Harbour, Mocha Resort Sintra, and Mocha Golden Dragon.
Nevertheless, so as to proceed these operations previous the top of 2025, Melco has initiated the method to safe required authorizations from the Macau SAR Authorities.
This course of hasn’t concluded but however with Melco being so on the ball with this regulatory framework, it’s truthful to say that the right due diligence will probably be carried out to hopefully get these new venues over the road.
Why shut venues now?
These closures are a direct response to Macau’s amended Gaming Regulation of 2022, which mandates satellite tv for pc casinos to transition from a revenue-sharing mannequin to a administration payment association by January 2026. Moreover, beneath these new rules, casinos should function inside properties instantly owned by the concessionaire.
Melco is the primary amongst Macau’s three concessionaires that handle satellite tv for pc casinos to formally announce compliance measures in step with the up to date regulatory framework.
At the moment, Macau hosts 11 satellite tv for pc casinos, with 9 operated beneath SJM Resorts coupled with Melco and Galaxy Leisure Group sharing the rest.
The federal government’s three-year grace interval, designed to facilitate a clean transition to the brand new rules, will expire on the shut of this yr, prompting those that have to make changes to finalize and announce their compliance methods.
