The casino at the Macau Jockey Club is being relocated to the Macau Roosevelt hotel, expected to open later this month, according to Union Gaming Securities Asia. Located at the grounds of the Jockey Club, the five-star hotel will feature 350 hotel rooms and a high-end residential component, as well as the new gaming facility.
According to the gaming analyst, which noted a ‘Macau Jockey Club Casino’ sign has been installed at the exterior of the Roosevelt, the casino will operate under an existing license. The casino was previously managed by Hong Kong-listed Paradise Entertainment and was changed as of January 2017 from casino management services to a revenue sharing agreement on its LT Game stadium ETGs, declared a recent company filing.
It is still undetermined who the service provider will be, but the Roosevelt Macau casino is expected to be larger than the Jockey Club casino, and focus on tables and junkets. “We estimate it could have 25-35 tables and around 100 slots – this compares to the equivalent of just four live tables at the predecessor casino and therefore suggests it will need a greater allocation of tables that are currently operation at the site,” said Union Gaming analyst Grant Govertsen, also noting that the venue could have a “unique junket focus”.
The Roosevelt hotel was initially scheduled to open in early 2016 but fell behind schedule. Initial plans involved a casino but these were dropped by the promoters at the early stages, deciding instead to focus on hospitality. The world-class property will now bring gaming back to offer another integrated and exclusive entertainment experience in Cotai.