{"id":20559,"date":"2021-07-22T15:23:52","date_gmt":"2021-07-22T15:23:52","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=20559"},"modified":"2026-04-23T17:22:00","modified_gmt":"2026-04-23T20:22:00","slug":"grand-lisboa-palace-looks-set-to-open-by-september","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/grand-lisboa-palace-looks-set-to-open-by-september","title":{"rendered":"Grand Lisboa Palace looks set to open by September"},"content":{"rendered":"\n

SJM Holdings has announced that it will host an art exhibition at Grand Lisboa Palace from September 1.<\/p>\n\n\n\n\n\n\n\n

Macau.- Grand Lisboa Palace<\/a>\u00a0could finally get its long-awaited opening as\u00a0SJM Holdings <\/strong>has announced the venue will host an art exhibition\u00a0<\/strong>from September 1 to October 31.<\/p>\n\n\n\n

However, the company is still waiting for approval from the Macao Government Tourism Office (MGTO) and for the Gaming Inspection and Coordination Bureau (DICJ) Occupancy Permit (OP), which could take between four and eight weeks.<\/strong><\/p>\n\n\n\n

The company plans to\u00a0open just one of its three hotels initially<\/strong>, with limited retail options. It will open with 260 mass tables\u00a0<\/strong>while the remaining\u00a044 VIP tables will be launched in 2022<\/strong>, after the opening of the venue’s Versace-branded hotel.\u00a0<\/p>\n\n\n\n

Grand Lisboa Palace <\/strong>involved an investment of HKD39bn (US$5bn). When complete, it will have around 2,000 hotel rooms<\/strong> split between three venues: The Lisboa Palace Hotel, Palazzo Versace Macau, and Karl Lagerfeld Hotel luxury boutique hotel.<\/p>\n\n\n\n

It includes 27,000 square metres of gaming floor space <\/strong>(290,000 sq ft) for up to 700 gaming tables and 1,200 electronic gaming machines<\/strong>.<\/p>\n\n\n\n

The\u00a0Cotai integrated resort<\/a>\u00a0was originally due to open in 2017<\/strong>\u00a0but has faced multiple delays. If\u00a0Grand Lisboa Palace finally opens by September<\/strong>, it will be the only integrated resort to have opened in Macau during the Covid-19 pandemic.<\/p>\n\n\n\n

SJM wants to operate casino at new Cotai property<\/strong><\/h2>\n\n\n\n

SJM Holdings wants to operate a casino <\/strong>at the Lisboeta, located next to the Macau East Asian Games Dome.<\/p>\n\n\n\n

The Lisboeta is part of a bigger project, the Macau Theme Park and Resort<\/strong>, or Lisboeta Macau Park. The project is being led by Arnaldo Ho Yau Heng, son of SJM Holdings\u2019 executive director Angela Leong On Kei.<\/p>\n\n\n\n

The Macau Government Tourism Office (MGTO)<\/strong> awarded Lisboeta Hotel with a 4-star licence<\/a> last August.<\/p>\n","protected":false},"excerpt":{"rendered":"

SJM Holdings has announced that it will host an art exhibition at Grand Lisboa Palace from September 1.<\/p>\n","protected":false},"author":176,"featured_media":17520,"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 is preparing for the long-awaited opening of its HKD39bn Grand Lisboa Palace integrated resort in Macau, with an art exhibition slated for September 1, contingent upon final regulatory approvals from the MGTO and DICJ for its Occupancy Permit. The initial phase will feature 260 mass gaming tables and limited hotel\/retail, with further expansion including VIP tables planned for 2022. This opening would mark the first new integrated resort launch in Macau during the pandemic.","focusai_entities":"SJM Holdings, Grand Lisboa Palace, Macao Government Tourism Office (MGTO), Gaming Inspection and Coordination Bureau (DICJ), The Lisboa Palace Hotel, Palazzo Versace Macau, Karl Lagerfeld Hotel, Lisboeta, Macau Theme Park and Resort, Lisboeta Macau Park, Arnaldo Ho Yau Heng, Angela Leong On Kei","focusai_location":"Macau, Cotai","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.9), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GLP GGR Impact","query":"What is the projected incremental GGR contribution from Grand Lisboa Palace's initial phase, considering the 260 mass tables and current market visitation trends in Macau?"},{"label":"Regulatory Timeline Risks","query":"What specific regulatory or operational contingencies could further delay the DICJ Occupancy Permit issuance beyond the stated 4-8 week timeframe, and what are SJM Holdings' mitigation strategies?"}],"footnotes":""},"categories":[28,16338],"tags":[23808,23108],"class_list":["post-20559","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-east-asia-news","tag-grand-lisboa-palace","tag-sjm-holdings"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/20559","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=20559"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/20559\/revisions"}],"predecessor-version":[{"id":20591,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/20559\/revisions\/20591"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17520"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=20559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=20559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=20559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}