Although no new gaming tables will be added upon the opening of the new Morpheus hotel, the Macau government has allowed for 40 existing tables to be transferred to the new property, industry publication site GGRAsia reported on Thursday.
No new gaming tables will be allocated for the remainder of the year either, but authorities in Macau will review whether it will grant new tables in 2019, the outlet added.
Ho on Friday confirmed the news, telling CNBC that in the interim, Melco had moved 40 existing gaming tables to the Morpheus hotel ahead of its official opening.
“We have a great relationship with the Macau government … Needless to say, we’ve been in very close dialogue with them, we understand this year’s allocation was preallocated, so I’m confident,” the Melco CEO said.
But in the meantime, regardless of whether or not new tables are eventually granted, the addition of new hotel rooms with Morpheus’ opening is still likely to result in revenue growth of some 30 percent to 40 percent for City of Dreams, according to Govertsen.