In Macau, the coming five-star Legend Palace Hotel Casino development from Asian casino operator Macau Legend Development Limited has reportedly been granted permission to operate 15 new-to-market mass-market gaming tables along with 91 slots.
According to a report from GGRAsia, the scheme for the city’s Fisherman’s Wharf waterside entertainments complex recently completed all construction and fitting out duties and will offer gambling under a master license held by giant compatriot SJM Holdings Limited.
“SJM [Holdings Limited] has made this [table] request to the government for the Legend Palace Hotel,” Lionel Leong Vai Tac, Economy And Finance Secretary for Macau, told GGRAsia on Wednesday. “We just completed the related procedure [of approving tables] today.”
Hong Kong-listed Macau Legend Development Limited moreover operates the 82-table Pharaoh’s Palace Casino inside The Landmark Macau hotel along with a further 51 gaming tables at the nearby Babylon Casino Macau and earlier reportedly revealed that its Legend Palace Hotel could feature a VIP gaming room with local junket operator Cali Group set to apply for all of the necessary approvals.
“From what I understand, [Macau Legend Development Limited] will move about 55 gaming tables consisting of both mass and VIP from other SJM [Holdings Limited] casinos to its Legend Palace Hotel,” said Leong. “As in the past, we are still strictly abiding to the rule of [a maximum] annual 3% growth for gaming tables [market-wide] for the span of ten years and you can also see that we have earmarked the newly-granted tables for mass play only. Mass play has an important role for our gaming revenues and it has also brought new client sources for our small and medium-sized enterprises so we will continue to stick by this principle.”
Leong additionally reportedly declared that the decision to grant 15 new gaming tables to Legend Palace Hotel had been taken following a “comprehensive consideration” of ways to help the former Portuguese enclave “develop as a world center of tourism and leisure”.