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According to reports, after rebranding his two Macau casinos, the billionaire businessman behind the hotel operator Golden Dragon Group, to the word 'dragon', he announced that his company was 'thinking' of bidding for their own local game license.
Chan Mengkam is one of Macau's richest businessmen, and his revelations came after seeing an explanation in March that the 55-year-old wanted to "engage" in the process he was preparing to change the casino landscape of his former Portuguese residence.
Currently, only the 'Big Six' operators of SJM Holdings Limited, Las Vegas Sands, MGM China Holdings Limited, Win Macau Limited, Galaxy Entertainment Group Limited, and Melco Resorts & Entertainment Limited are allowed to operate casinos in Macau…
However, the situation is due to changes following the expiration of these operators' monopoly rights, and Golden Dragon Group is considered one of the companies hoping to obtain a license for the tightly controlled market.
Golden Dragon Group already has casino experience, complementing more than 200 gaming tables operating in four Macau locations through piggyback agreements involving SJM Holdings Limited and Melco Resorts & Entertainment Limited.
The portfolio includes nearly 100 units inside its flagship Golden Dragon and 20 elements for the Royal Dragon Hotel building, which opened in September.
The privately owned company's Macau portfolio includes Lan Kwai Fong and Hotel Taipa Square Real Estate, which were recently rebranded as Macau Million Dragon and Grand Dragon Hotels.
His company still hopes to build a new two-star building on the downtown site adjacent to SJM Holdings Limited's Grand Lisboa Hotel building.
He explained that the project is currently in the "preparation phase" but that there are "no plans yet for the game side."
Wednesday, October 4, 2023