Golden Dragon Group’thinking about’ Macau casino license

After lately rebranding two of his own Macau casinos to feature the word ‘dragon’, the billionaire businessman behind resort operator, Golden Dragon Group, has reportedly announced that his company is ‘thinking about’ bidding for a local gambling license of its own.

Long-standing curiosity:

According to a report by GGRAsia, Chan Meng Kam is one of Macau’s richest businessmen and his sin came after March watched the 55-year-old explain he will be eager to ‘engage ’ in the process that is set to change the casino landscape in the former Portuguese enclave.

‘Big six’ domination coming to a close:

But, this situation is due to change after the expiration of these operators’ exclusivity from 2022 and Golden Dragon Group is thought to be among the ones that are expecting to put on a license for this tightly controlled market.

Operator already holds casino encounter:

GGRAsia reported that Golden Dragon Group already has casino encounter due to this match some 200 gambling tables it operates at four Macau places courtesy of related piggy-back arrangements with SJM Holdings Limited and Melco Resorts and Entertainment Limited.

This portfolio includes nearly 100 units within its flagship Hotel Golden Dragon as well as 20 components for the Royal Dragon Hotel property, which opened in September.

The privately-owned company ’s Macau portfolio encircles the Lan Kwai Fong and Hotel Taipa Square properties, which were recently rebranded to the Macau Million Dragon and Grand Dragon Hotel respectively.

Downtown project being proposed:

Eventually, Chan also told GGRAsia yesterday that his company is still expecting to build a new two-star land on a downtown plot adjacent to the Grand Lisboa Hotel land from SJM Holdings Limited.

He detailed that this project is currently in the ‘prep phase’ however there was ‘not yet any preparation of the gambling side.