Businessman and outgoing lawmaker Chan Meng Kam said Wednesday that he was not interested “at the moment” in bidding for a gaming concession.
Macau’s three gaming concessions and three sub-concessions will expire between 2020 and 2022. The government has said that the concessions and sub-concessions won’t be renewed but will have to go through a bidding process.
According to the Macau Post Daily when asked by a reporter on the sidelines of the new Hotel Royal Dragon opening ceremony if he was interested in bidding for a gaming concession and if he thought the government should increase the number of gaming concessions, Chan chuckled and said: “At the moment, no,” adding he thought, however, that the local gaming industry should be opened up further.
Chan is the chairman of Hotel Royal Dragon. The property also includes a casino.
According to Chan, the gaming tables in the new casino-hotel were transferred from SJM’s existing number of tables at other casinos. According to previous media reports, the new casino is run under SJM’s gaming concession.
The casino-hotel is located in Zape.
Chan’s company owns the Golden Dragon hotel-casino, the new Royal Dragon hotel-casino and the Taipa Square hotel-casino, the latter of which is under Melco Resorts & Entertainment’s sub-concession. Chan said that the casinos run by his company comprise about 100 tables.
Chan also said the Royal Dragon casino was designed for 25 gaming tables, adding that he had decided to open the casino now and review the number of tables later. He also said all the gaming tables were located in the mass-market area of the casino.
According to Chan, the investment in the casino-hotel was about 1.5 billion patacas.
According to a statement by the Hotel Royal Dragon yesterday, the three-star hotel has 144 guest room