{"id":20871,"date":"2021-07-30T12:21:57","date_gmt":"2021-07-30T15:21:57","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=20871"},"modified":"2026-04-23T17:06:03","modified_gmt":"2026-04-23T20:06:03","slug":"sjm-to-allocate-118-gaming-tables-to-grand-lisboa-palace","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/sjm-to-allocate-118-gaming-tables-to-grand-lisboa-palace","title":{"rendered":"SJM to allocate 118 gaming tables to Grand Lisboa Palace"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Daisy Ho Chiu Fung, SJM Holdings chairman, has said the company plans to reallocate 118 gaming tables to its Grand Lisboa Palace resort, which opens today.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Macau.- After months of delays, the grand opening of <a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/grand-lisboa-palace-partial-opening-announced-for-july-30\">Grand Lisboa Palace<\/a>\u00a0Phase I takes place today (July 30), and<strong>\u00a0SJM plans to allocate the venue 118 gaming tables<\/strong>\u00a0from other properties.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In a filing to the Hong Kong Stock Exchange, SJM Holdings confirmed the<strong>\u00a0Gaming Inspection and Coordination Bureau (DICJ) has authorised the company&#8217;s request<\/strong>\u00a0for the transfer of additional gaming tables to Grand Lisboa Palace from other casinos.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The regulator has also allowed<strong>\u00a0SJM to add 1,200 new slot machines at the Grand Lisboa Palace<\/strong>, with specific limits on the numbers that can be in operation on opening.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The HK$39bn (US$5bn) Grand Lisboa Palace will initially open one of its towers with 300 rooms. The opening of the second phase will depend on the evolution of the Covid-19 pandemic and related travel restrictions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Daisy Ho Chiu Fung said <strong>the venue has received approval for 150 gaming tables\u00a0<\/strong>to be available on opening.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ho said: \u201cWe will slowly increase the number of rooms according to actual demand, that\u2019s the plan. We hope that by the end of this year we should be able to open up entirely.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">When complete, Grand Lisboa Palace will have<strong>\u00a0around 2,000 hotel rooms<\/strong>\u00a0split between three venues: The Lisboa Palace Hotel, Palazzo Versace Macau, and Karl Lagerfeld Hotel luxury boutique hotel.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It will have\u00a0<strong>27,000 square metres of gaming floor space\u00a0<\/strong>(290,000 sq ft) for up to\u00a0<strong>700 gaming tables and 1,200 electronic gaming machines<\/strong>. The venue will host an\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/grand-lisboa-palace-looks-set-to-open-by-september\">art exhibition<\/a><strong>\u00a0<\/strong>from September 1 to October 31.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>SJM CEO believes Macau should consider extending gaming licences<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">In May, Ambrose So Shu Fai, CEO of SJM, said <a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-legislators-ask-for-an-evaluation-of-gaming-licensees\">Macau<\/a>\u00a0should extend its six current gaming concessions for an extra year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to Shu Fai, the move would give Macau\u2019s gaming operators time to recover from the Covid-19 pandemic and the city time to better decide what\u00a0<strong>changes to make to licence criteria<\/strong>. He noted that Macau\u2019s current travel restrictions would make it\u00a0<strong>impossible for foreign passport holders to visit the city for the retendering process<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Macau\u2019s current casino licences will&nbsp;<strong>expire in June 2022<\/strong>&nbsp;but could be extended for up to five years under the city\u2019s gaming laws.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Daisy Ho Chiu Fung, SJM Holdings chairman, has said the company plans to reallocate 118 gaming tables to its Grand Lisboa Palace resort, which opens today.<\/p>\n","protected":false},"author":176,"featured_media":0,"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 has commenced operations at its Grand Lisboa Palace resort in Macau, reallocating 118 gaming tables and adding 1,200 slot machines following DICJ approval. The HK$39bn integrated resort's phased opening is impacted by Covid-19, with full operation contingent on demand and travel restrictions. Concurrently, SJM's CEO advocates for a one-year extension of Macau's gaming concessions, set to expire in June 2022, to allow operators to recover and facilitate a more robust retendering process amidst ongoing travel limitations.","focusai_entities":"SJM Holdings, Daisy Ho Chiu Fung, Grand Lisboa Palace, Gaming Inspection and Coordination Bureau (DICJ), Ambrose So Shu Fai, The Lisboa Palace Hotel, Palazzo Versace Macau, Karl Lagerfeld Hotel","focusai_location":"Macau, Hong Kong","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), compliance_legal (0.85), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Concession Extension Impact","query":"What are the specific economic and regulatory implications for Macau's gaming operators if the proposed one-year concession extension is not granted, particularly concerning capital expenditure commitments and market stability?"},{"label":"Grand Lisboa Palace GGR","query":"How is the phased opening strategy of Grand Lisboa Palace, coupled with current travel restrictions, projected to impact SJM Holdings' GGR and NGR contributions from this asset in the next 12-18 months?"}],"footnotes":""},"categories":[28,16338,158],"tags":[23808,23906,23108],"class_list":["post-20871","post","type-post","status-publish","format-standard","hentry","category-casino-news","category-east-asia-news","category-slider-home","tag-grand-lisboa-palace","tag-macau-casinos","tag-sjm-holdings"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/20871","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=20871"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/20871\/revisions"}],"predecessor-version":[{"id":20881,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/20871\/revisions\/20881"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=20871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=20871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=20871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}