SJM Holdings is in negotiations to operate a casino at the new Cotai property.
Macau.- SJM Holdings wants to operate a casino at the Lisboeta, located next to the Macau East Asian Games Dome.
The Lisboeta is part of a bigger project, the Macau Theme Park and Resort, or Lisboeta Macau Park. The project is being led by Arnaldo Ho Yau Heng, son of SJM Holdings’ executive director Angela Leong On Kei.
The news was confirmed by SJM Holdings Ambrose So to a Hong Kong newspaper.
The Macau Government Tourism Office (MGTO) awarded Lisboeta Hotel with a 4-star licence last August.
In Cotai, SJM is also due to open the Grand Lisboa Palace, which was scheduled to open at end of June but now looks likely to take place in the third quarter of this year.
The company plans to open just one of its three hotels initially, with limited retail options. It will also open with 260 mass tables while the remaining 44 VIP tables will be launched in 2022, after the opening of the Versace-branded hotel.
Grand Lisboa Palace involved an investment of HKD39bn (US$5bn). When complete, it will have around 2,000 hotel rooms split between three venues: The Lisboa Palace Hotel, Palazzo Versace Macau, and Karl Lagerfeld Hotel luxury boutique hotel.
It includes 27,000 square metres of gaming floor space (290,000 sq ft) for up to 700 gaming tables and 1,200 electronic gaming machines.
SJM to manage Diamond Casino at the Holliday Inn Hotel
SJM Resorts S.A. has announced that it will manage the Diamond Casino at the Holliday Inn Hotel. The Diamond Casino is one of SJM’s satellite casinos. It holds 28 gaming tables and 48 slot machines, plus VIP rooms.
According to Allin Media, the casino has reported no income for 18 months and operations were to cease on July 31.