Tag Archives: cazinou satelit
China – Seven satellite casinos could close in Macau this summer
Seven satellite casinos in Macau, equating to around 40 per cent of the market, are likely to cease operations by the summer with new rules for visa applications, reduced cash flow, and the continued effect of the pandemic combining to take them out. Macau has 18 satellite casinos in total with14 of these operating as…
Cyprus – Melco opens fourth satellite casino in Cyprus with Paphos opening
Melco Entertainment’s Cyprus Casinos (C2) has opened its fourth satellite casino in Cyprus with the debut of a 50 slot gaming floor in Geroskipou, Paphos. C2 Casinos president Craig Ballantyne said: “We are delighted to be launching our fourth and last satellite casino, after the opening of C2 Limassol, the first licensed casino on the…
China – Macau’s incoming Chief Executive pours doubt on further satellites and sub concessions
Macau’s incoming Chief Executive Ho Iat Seng has lent his support to an upper limit on the number of casino licences allowed in the upcoming revision of Macau’s gaming law. Amendments to Macau’s gaming laws have been drafted and will be brought in in 2022. Some operators had hoped that with two plots of Cotai…
China – Macau lawyer asks if ‘satellite’ casinos provide world class tourism
Macau’s 20 ‘satellite’ casinos could be at threat when it comes to the region’s re-licensing process set to take place in mid-2022. Speaking on local television news TDM, lawyer Rui Pinto Proença, Partner at Macau law firm MdME asked whether the much smaller, gaming-focused ‘satellite’ casinos fitted into the government’s stance of making the city…
Cipru – Deschiderea satelitului C2 Nicosia pentru a ajuta la prevenirea jocurilor de noroc ilegale
Melco Entertainment has announced that Cyprus Casinos Nicosia (C2 Nicosia) has opened its doors to the public, marking the first satellite casino opening following the successful launch of the first temporary casino C2 Limassol last June. Craig Ballantyne, Property President of City of Dreams Mediterranean and Cyprus Casinos, said: “C2 will significantly contribute to the…
US – Penn National files application for Hollywood Casino Morgantown
Penn National Gaming has filed an application with the Pennsylvania Gaming Control Board (PGCB) for Hollywood Casino Morgantown, the company’s second Category 4 satellite gaming facility, to be located on a vacant 36-acre site in Caernarvon Township, Berks County. The planned facility will be near the intersections of three major roadways: the Pennsylvania Turnpike (I-76),…
China – SJM riscă să piardă unele dintre cazinourile sale satelit
Brokerajul Sanford C Bernstein consideră că guvernul Macao ar putea oferi partenerilor săi sateliti licențe exploatate în prezent ca cazinouri satelit cu operatorul concesionar SJM Holdings. Grupul analitic consideră că există „puține îmbunătățiri posibile” pentru SJM, care a pierdut cota de piață în fața cazinourilor rivale în ultimul deceniu. În urmă cu opt ani, a contabilizat...
