Construction activity could be related to gaming license play

    A recent uptick in construction activity from gaming-related companies could be a play for a 7th or 8th gaming license, said Union Gaming in their latest “Macau pipeline in pictures” report.

    On Monday, the brokerage highlighted several projects that “are likely to be used as leverage as it relates to the issuance of a 7th or even 8th gaming license.”

    One project, which is rumored to be owned/controlled by a large SE Asian gaming operator, is constructing adjacent to the roundabout close to Wynn Macau and Grand Lisboa.

    Another project, appears to be the expansion of the Pousada Marina Infante hotel, which has a casino license eligible for reactivation.

    Union Gaming also noted a recently announced development of a 2-star hotel near the Grand Lisboa by a company called the Golden Dragon Group, an organization that already owns/operates four service provider casinos in Macau.

    Union Gaming said this group could be considered as one of the leading contenders for any new license.

    Regarding activity from the Big Six, Union Gaming also noted that construction at SJM’s theme park site appears to have started in earnest.

    The brokerage has estimated the opening of Grand Lisboa Palace for late 2019 or early 2020 for some time, but now believes that its theme park project, located across the street, could see its first phase opening around the same time.

    The theme park project is set to include multiple hotel and retail components in the first phase, and perhaps a theme park in a subsequent phase, it said.

    The brokerage also noted that the main walk-in entryway of City of Dreams has been made more appealing and inviting, with blue arcs stretching from the property out to the street entry.

    A new flagship Apple store has also opened across the road at the entryway of Sands Cotai Central, (outside St. Regis) which had been closed for some time.

    Finally, Galaxy Macau phases 3 & 4 continue to be expected to open in stages from late 2019.