Angel Group to invest $130 million in new Macau factory??

Jenny Ortiz September 13, 2024

Share it :

Angel Group to invest $130 million in new Macau factory??

Angel Group, a gaming equipment company, has unveiled plans for a substantial new investment in Macau. According to a report of Macau Business, the company will construct a state-of-the-art factory in the Concordia industrial zone of Cotai, with the project valued at $130 million (€117.3 million). ??

The factory is anticipated to span a floor area of 25,000 square metres and is scheduled for completion by the end of 2026. The announcement was made during a groundbreaking ceremony held at the Banyan Tree Macau Hotel.

The new facility will focus on producing Angel playing cards, smart gaming tables, and various gaming equipment. The factory will serve as a central hub for the company’s integrated functions, from manufacturing to sales, ensuring efficient local production for local consumption.???

This announcement coincides with Angel Group’s 75th anniversary. Founded in Japan, Angel Group initially specialised in retail playing cards before evolving into a manufacturer and supplier of casino cards and chips. With existing factories in Japan and Singapore and operations in multiple global markets, the new Macau factory represents a major expansion of the company’s international footprint.??

Boosting local employment and talent development??

Asuka Kurahashi, President and Chief Operating Officer of Angel Macau Ltd, expressed excitement about the new factory, highlighting its potential to create job opportunities for skilled professionals in Macau. The facility is expected to contribute significantly to local talent development, particularly in smart gaming technology and artificial intelligence (AI). Currently, Angel Macau employs around 60 staff, with 90 percent being local residents.??

Implications for Macau’s casino industry??

The establishment of Angel Group’s new factory is anticipated to have a positive impact on Macau’s casino industry, enhancing the region’s industrial structure and technological capabilities. Sio Chi Wai, President of the Macau Japan Chamber of Commerce, praised the investment, noting that it would bring advanced technology and management expertise to Macau. The development is expected to contribute not only to the casino sector but also to the broader economic and industrial landscape of the region.?

Subscribe?here?to SiGMA’s Top 10 News countdown and SiGMA’s Weekly Newsletter to stay up to date with all the latest iGaming News, and benefit from Subscriber-Only Offers.