The Macau Government has approved SJM Holdings' bid to acquire L'Arc Macau hotel and casino.
SJM Holdings had initially planned to close L'Arc Macau at 1:59am on 30 December as part of plans to dissolve all satellite casino operations by the end of 2025.
One of its most prestigious and well-known properties, Ponte 16, was the favourite to be saved by SJM Holdings, but the operator sided with L'Arc Macau hotel and casino at the last minute.
Ponte 16 was subsequently closed on 28 November, with officers from the Labour Affairs Bureau on site to assist staff.
L'Arc Macau, however, will be brought under the umbrella of official SJM properties and will resume normal operations.
The hotel has 53 floors with 283 rooms and was heavily influenced by Portuguese architecture.
The Macau Gaming Inspection and Coordination Bureau has confirmed it will be closely monitoring and supervising this transition to ensure that all operations remain legal.
The operator has already closed several other satellite casinos over the past few months, including Casino Fortuna and Casino Emperor Palace.
Although SJM has had to close seven of its nine satellite casinos, it has also been responsible for transferring staff to similar roles and pay across its network to ensure that no-one loses their jobs as part of administrative decisions.
Despite this disruption, Macau recorded a 14.4% increase in gross gaming revenue this November when compared to last year, with the figure totalling MOP 21.09bn (US$2.62bn).
Although this month had fewer public holidays than usual, it is believed that the Jackson Wang concert led much of the tourism numbers in the area.
L'Arc Macau first opened on 20 September, 2009
