SJM Plans Closure Seven Macau Satellite Casinos Acquires Ponte16 L’Arc

SJM Resorts plans to restructure its satellite casino operations in Macau by the end of 2025 to comply with revised gaming laws requiring direct ownership or non-profit-sharing management agreements. The company intends to cease operations at seven of its nine satellite casinos, reallocating gaming equipment to its own properties, while expressing intent to acquire the properties housing Casino L’Arc Macau and Casino Ponte 16, though negotiations have not yet begun. This restructuring aligns with government directives and is subject to approval, with SJM committed to preserving local employment by offering job opportunities within its portfolio to affected workers. The closures of satellite casinos by SJM coincide with similar moves by other operators like Melco Resorts, which will also shut down several venues. SJM’s board believes the changes will not materially impact the company’s operations, liquidity, or profitability. These developments reflect a broader industry shift toward direct management and ownership of casino operations in Macau.