Satellite casinos in Macau face a longer road to recovery with excessive costs and labor related to five shuttered casinos, according to CBRE Securities in the latest investment memo regarding SJM Resorts.

Elevated labour expenses related to satellite casinos remain an "area of weakness" and a drag on results for gaming concessionaire SJM Resorts, a dispatch by CBRE warned

Macau's satellite casinos used to be touristic attractions in the city. The problem is that not so many gamblers are going to play there now.

Macau is further tightening its gaming legislation, now mandating that satellite casinos and junket operators are prohibited from offering lines of credit to punters. Under the new changes, only concessionaires themselves, or junkets who have signed credit provision agreements with concessionaires will be able to provide any form of credit to clientele.

All satellite casinos will be disqualified from issuing gaming credit according to the new bill on casino concessionaire- and junket-issued credit for gambling. 

Macau satellite casino operator Emperor has announced that it deems the percentage sharing agreement it has agreed with Macau gaming concession-holder SJM is ‘fair and reasonable and […] in line with the rate offered to other service providers of SJM’.

Macau satellite casino investor group Kingston Financial Group is going to be privatized and delist from the Hong Kong stock exchange on February 27th at 8am.

Satellite casino operator Macau Legend has entered into a new agreement with Macau gaming concessionaire SJM to ensure its ability to operate its casinos under the license of one of the six authorized companies.

Hotels in Macau which house satellite casinos are conducting evaluations on their properties in possible preparation for sale, as they’re unsure whether the casinos will continue to operate after the new gaming concessions come into effect.

Macau’s Secretary for Economy and Finance says he’s unsure how many satellite casinos could continue to operate and how many would close down after the new gaming concessions come into effect on January 1st, 2023.