Macau watchdogs prepare for possible satellite casino closures by year-end
Macau’s Monetary Authority said loans to satellite casinos pose little risk to the banking sector if the venues close by 31 December. The Gaming Inspection and Coordination Bureau said it is preparing for market changes and has contingency plans for employees, while 11 casinos face possible closure, including nine under SJM’s licence.
Operators and workers face uncertainty as the satellite casino arrangements are due to end on 31 December.