Cali Group To Open VIP Gambling Room At New Legend Palace Hotel
One of the major junket operators of Macau, the Cali Group has said that it will be operating a VIP gambling room at the newly-constructed property Legend Palace Hotel, provided all approvals are received from the Macau government.
Lei Kit Meng, a director of Cali Group said that the VIP room would operate under the brand Cali but offered no further details on the number of tables planned or any other partners involved in the venture.
Legend Palace is the latest project of the gaming services firm Macau Legend Development Ltd.
A five-star property, the Legend Palace is expected to have 223 rooms and in-house facilities for hosting a casino as per an interim report filed by Macau Legend in September. According to a recent government statement, a fire drill was held earlier last week at the Legend Palace. In general, fire inspections in Macau are conducted a few weeks before a property is formally opened to the public.
The licensing body for the city’s hotels, Macao Government Tourism Office has also confirmed that the property was at the final inspection stage. Macau Legend has said that it was looking to hold a grand opening for the property at the earliest adding that the construction and fit-outs were completed.
In a statement a Macau Legend spokesperson said,
We prefer not to disclose operation strategies of the business at this stage. We can only say that it is our intention to move New Legend, our self-run VIP business [at Pharaoh's Palace] to Legend Palace once the hotel is opened. There are several options that can be implemented and [the firm] will look carefully at the market environment before implementation.
The company highlighted that the gaming space available within the new property could accommodate up to 100 table games but did not mention if it would be applying for new-to-market live gaming tables. Macau has a policy of capping the gaming tables allocated to operators.
As a gaming services company, Macau Legend is not entitled for a gaming tables quota as only the authorized six gaming operators in the region can hold gaming licenses. The company currently relies on SJM Holdings Ltd’s licenses to operate its gaming tables. Paulo Martins Chan, director for the Gaming Inspection and Coordination Bureau has acknowledged that an application has been made by SJM Holdings for new gaming tables with respect to the Legend Palace project.
Posted on: 31st January 2017 by: Gary Beachley