Jun. 9 at 10:01 AM
$MLCO Melco Resorts to cease operations at three Mocha Clubs, Grand Dragon Casino
Melco Resorts announced that, after considering the company's overall development strategy and in accordance with Macau law, Grand Dragon Casino and three Mocha Clubs, namely Mocha Hotel Royal, Mocha Kuong Fat and Mocha Grand Dragon Hotel, will cease operations before the end of 2025. The employees working at these venues will be assigned to work at other properties of the company in Macau, which will secure continued employment for these employees within their current job duties.
Gaming tables and electronic gaming machines operating at the above-mentioned affected venues will also be re-allocated to, and continue operations at, other casinos or gaming areas of the company in Macau. In addition, the company will apply for the relevant authorizations and approvals from the Macau SAR government for three Mocha Clubs, namely Mocha Inner Harbour, Mocha Hotel Sintra and Mocha Golden Dragon, to continue operations after December, subject to compliance with all legal and regulatory requirements.