Mar 29, 2021 Newsdesk Latest News, Macau, Top of the deck  
A senior executive at Macau casino operator SJM Holdings Ltd says the launch of its Cotai property, the HKD39-billion (US$5-billion) Grand Lisboa Palace, was likely to take place “as scheduled”, within the first half of this year.
The comments were made by SJM Holdings’ co-chairman and executive director, Angela Leong On Kei, to local media on the sidelines of a Monday company event. At the occasion, Ms Leong also said she hoped to see more inbound visitors following the “proactive” efforts by both the Macau government and hospitality sector in campaigning for the city’s tourism offers.
SJM Holdings had said in its 2020 annual results document – filed in late February – that the construction work on Grand Lisboa Palace (pictured) had been completed, and was undergoing “final inspections” by the Macau government. The firm anticipated the Cotai project to open “during the first half of 2021”.
The Grand Lisboa Palace project comprises three hotel towers: “Grand Lisboa Palace”, “Palazzo Versace”, and “Karl Lagerfeld”, which in aggregate provide “approximately 1,900 rooms”, SJM Holdings noted in its annual results filing. The Cotai project also has event space, and will offer shopping, dining and entertainment, as well as a casino.
In a note issued following SJM’s release of 2020 results, investment bank JP Morgan said it expected the gaming facility at Grand Lisboa Palace to “open in one go”; but some hotel space and other non-gaming offers might have a “staggered opening”.
Jun 26, 2024
Jun 18, 2024
Jul 26, 2024
Jul 26, 2024
Jul 26, 2024
Border-casino operator Donaco International Ltd has achieved a 164.17-percent year-on-year increase in its latest quarterly group earnings before interest, taxation, depreciation and amortisation...(Click here for more)
”We’ve got more traction outside of Macau at the moment. But Macau’s going be a bigger focus for us”
David Punter
Regional representative at Konami Australia