Macau's Last Satellite Casino to Shut Down, Marking the End of an Era

Written by Emily J. Thompson, Senior Investment Analyst

Source: SeekingAlpha

Updated: Dec 11 2025

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Source: SeekingAlpha

End of Satellite Casinos: Macau's satellite casino era is concluding due to the 2022 amended Gaming Law, which restricts gaming to venues owned or controlled by the six concessionaires, eliminating third-party managed sites.
Closure of Remaining Satellites: Major casino operators are closing nearly all remaining satellite casinos, with Casino Landmark set to be the last to close on December 30, while they acquire properties for direct control.
Concessionaires Overview: The six gaming concessionaires in Macau include MGM China, Galaxy Entertainment, Venetian Macau, Melco Resorts & Entertainment, Wynn Resorts, and SJM Resorts.
Casino Stock Insights: The article mentions various Macau-related casino stocks, including Wynn Macau, Sands China, MGM China, Galaxy Entertainment, SJM Holdings, and Melco Resorts & Entertainment.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

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