{"id":17166,"date":"2021-04-23T14:56:51","date_gmt":"2021-04-23T14:56:51","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=17166"},"modified":"2026-04-23T20:07:58","modified_gmt":"2026-04-23T23:07:58","slug":"grand-lisboa-palace-ready-to-launch","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/grand-lisboa-palace-ready-to-launch","title":{"rendered":"Grand Lisboa Palace ready to launch"},"content":{"rendered":"\n<p>Grand Lisboa Palace has passed the government\u2019s final inspections and is expecting to receive an operating permit soon.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- <strong>SJM Holdings Ltd<\/strong> has announced that Grand Lisboa Palace is <strong>close to launch after the resort passed final government inspections<\/strong>.<\/p>\n\n\n\n<p>The company had announced in March that the\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/sjm-confirms-grand-lisboa-palace-will-open-in-first-half-of-2021\">Grand Lisboa Palace HKD39bn (US$5bn) construction<\/a>\u00a0was finished was  waiting for the government&#8217;s inspection.<\/p>\n\n\n\n<p><strong>Investment bank JP Morgan<\/strong> predicted that the gaming facilities at<strong>\u00a0Grand Lisboa Palace would open in one go\u00a0<\/strong>although non-gaming facilities could see a\u00a0<strong>staggered opening<\/strong>.<\/p>\n\n\n\n<p>According to <strong>Ambrose So Shu Fai<\/strong>, SJM Holdings\u2019 chief executive, the <strong>Grand Lisboa Palace opening will relieve some of the cost pressures <\/strong>the company already is suffering. He to transfer a large number of current employees to the new property.<\/p>\n\n\n\n<p><a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/sjm-revenue-down-77-8-in-2020\">SJM Holdings<\/a><strong>\u00a0<\/strong>had a difficult year in 2020 due to the\u00a0<strong>Covid-19 outbreak<\/strong>. Revenue in 2020 was\u00a0<strong>down by 77.8 per cent\u00a0<\/strong>year-on-year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Grand Lisboa Palace has passed the government\u2019s final inspections and is expecting to receive an operating permit soon.<\/p>\n","protected":false},"author":176,"featured_media":17167,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"SJM Holdings' Grand Lisboa Palace in Macau has successfully completed final government inspections and is poised for an imminent launch, pending the operating permit. This HKD39bn integrated resort is expected to alleviate SJM's significant cost pressures and improve its financial performance following a challenging 2020, with gaming facilities anticipated to open concurrently.","focusai_entities":"SJM Holdings Ltd, JP Morgan, Ambrose So Shu Fai","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), regulator (0.9), compliance_legal (0.8), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"GLP Revenue Impact","query":"What is the projected incremental GGR and NGR contribution from Grand Lisboa Palace in its first full year of operation, and how will this impact SJM Holdings' EBITDA margins and debt service capabilities?"},{"label":"Regulatory Framework","query":"Beyond the operating permit, what specific regulatory compliance milestones, particularly concerning responsible gambling and AML frameworks, must Grand Lisboa Palace continuously meet post-launch in the Macau jurisdiction?"}],"footnotes":""},"categories":[28,16338],"tags":[23808,23906],"class_list":["post-17166","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-east-asia-news","tag-grand-lisboa-palace","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=17166"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17166\/revisions"}],"predecessor-version":[{"id":17188,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17166\/revisions\/17188"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17167"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=17166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=17166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=17166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}