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Macau requires satellite casinos to change operating model by end of 2025

Regulation

Macau’s 2022 gaming-law changes require satellite casinos to be directly owned by licensed concessionaires by the end of 2025, replacing profit-sharing with management-fee arrangements. Nine of the 11 satellite properties operate under SJM’s licence, but the company has not clarified what will happen to them; analysts cited in the source raised the possibility of closures.

Operators and workers at Macau satellite casinos face changes to ownership and revenue arrangements by the end of 2025.

End-of-day close SJM Holdings (0880), HKD, to 25 April 2025
Story date27 January 202525 April 2025

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Regulation

Macau monitors casinos’ MOP118.8bn non-gaming investment commitments

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