Casino Taipa at Regency reopens

Casino Taipa re-launched operations last week in the Regency Art Hotel, with five tables and some 112 electronic gaming seats, according to brokerage Union Gaming, which believes the reopening of the casino is not likely to rake in any significant earnings.
The casino, opened in 1987, had ceased operations since 2008 and was under the casino license of local gaming operator SJM, being denoted as a “self-promoted” casino of the operator rather than a satellite casino, the firm noted.
‘We do not believe Casino Taipa will generate material revenues or profits,’ wrote the analyst of the investment firm, Grant Govertsen. ‘This is a function not only of its size, but also given its location in Taipa that is disadvantageous relative to both the Macau peninsula and Cotai.’
According to the analyst, the five tables at Casino Taipa represent only 0.3 per cent of the total supply of SJM, while its 112-slot seats account for four per cent of the concessionaire’s total supply.
‘We believe the license has sat in some sort of dormant state over the intervening eight years,’ the analyst said, believing there is a framework for a casino license to stay dormant for some period of time.
‘For example, SJM’s third-party promoted Greek Mythology casino also seems to be in a similar state today with the potential to reopen in the future,’ he pointed out.
He noted that there are two other SJM self-promoted casinos that also appear to have dormant licenses, namely the Casino Marina located nearby Galaxy’s Broadway property in Cotai, and the old floating casino: Casino Macao Palace.