Macau has welcomed its latest gambling venue after the Royal Dragon Casino reportedly opened inside the 144-room Hotel Royal Dragon earlier today featuring 20 gaming tables being operated under a license held by SJM Holdings Limited.

According to a report from GGRAsia, the new casino is the brainchild of local entrepreneur Chan Meng Kam while its opening ceremony was attended by Alvin Chau Cheok Wa, Chairman for Macau-based junket operator Suncity Group.

Chan is reportedly also the man behind the former Portuguese enclave’s Casino Golden Dragon inside the Hotel Golden Dragon as well as the nearby Casino Taipa Square at the Hotel Taipa Square and has spent approximately $186.5 million to make the downtown Royal Dragon Casino a reality.

“The venue was designed to house 25 gaming tables [and] we are going to open first and will review the number of gaming tables later,” Chan reportedly told GGRAsia before adding that the venue had been designed to three-star standards.

Chan reportedly furthermore explained that the gaming tables inside the new casino were aimed at mass-market players and had been relocated from the Casino Golden Dragon or other unspecified SJM Holdings Limited-licensed venues.

When asked his opinion on what should happen to the licenses currently held by Macau’s six casino operators when their authorizations expire beginning from 2020, Chan reportedly declared that the government should consider increasing the number of concessionaires although he was “not yet interested in” bidding for a standalone gambling license.

“There are only two to three years left until 2020,” Chan reportedly told GGRAsia. “The government should pick up the speed to initiate, study the matter and make arrangements. I think [the Macau gaming market] should be opened further. The government should consider [how many gaming licenses to add].”