- Melco Resorts & Entertainment (MLCO, Financial) to cease operations at Grand Dragon Casino and three Mocha Clubs in Macau by end of 2025.
- Affected employees will be reassigned to other Melco properties in Macau, ensuring job security.
- Melco is seeking government approval to continue operations for three other Mocha Clubs beyond December 2025.
Melco Resorts & Entertainment (NASDAQ: MLCO) has announced a strategic reshuffle of its Macau operations, leading to the closure of the Grand Dragon Casino and three Mocha Clubs, specifically Mocha Hotel Royal, Mocha Kuong Fat, and Mocha Grand Dragon Hotel, before the end of 2025. This decision is part of the company’s broader development strategy and aligns with Macau law. Despite the closures, Melco assures that all affected employees will be reassigned to other properties within Macau, maintaining their current roles.
In an effort to sustain operational capacity, gaming equipment such as gaming tables and electronic machines from the closing venues will be reallocated to other Melco properties. This move reflects the company’s focus on resource optimization rather than scaling down its gaming capacity.
Furthermore, Melco is actively seeking governmental approval to extend operations for Mocha Inner Harbour, Mocha Hotel Sintra, and Mocha Golden Dragon beyond December 2025, contingent upon compliance with regulatory requirements. These steps underscore Melco’s commitment to maintaining its presence in Macau’s evolving gaming landscape while optimizing the efficiency and profitability of its existing operations.
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