{"id":20923,"date":"2021-08-02T13:38:33","date_gmt":"2021-08-02T16:38:33","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=20923"},"modified":"2026-04-23T17:02:52","modified_gmt":"2026-04-23T20:02:52","slug":"sjm-expects-grand-lisboa-palace-to-break-even-in-12-months","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/sjm-expects-grand-lisboa-palace-to-break-even-in-12-months","title":{"rendered":"SJM expects Grand Lisboa Palace to break even in 12 months"},"content":{"rendered":"\n

Daisy Ho Chiu Fung, SJM Holdings’ chairman, has said the company expects Grand Lisboa Palace could reach break-even in a year’s time<\/p>\n\n\n\n\n\n\n\n

Macau.- After the grand opening of\u00a0Grand Lisboa Palace<\/a>\u00a0Phase I last week,\u00a0Daisy Ho Chiu Fung<\/strong>, SJM Holdings’ chairman, predicted that the venue could take 12 months to break even.<\/p>\n\n\n\n

Chiu Fung said: \u201cI think for our property, looking at\u00a0breaking-even and stabilisation, will take\u2026 12 months or so<\/strong>, or less.”<\/p>\n\n\n\n

However, everything will depend on\u00a0the evolution of the Covid-19 pandemic<\/strong>, particularly in China. <\/p>\n\n\n\n

The\u00a0HK$39bn (US$5bn) Grand Lisboa Palace<\/strong>\u00a0initially opened one of its towers with 300 rooms and approval for 150 gaming tables. 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

When complete, Grand Lisboa Palace 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 will have\u00a027,000 square metres of gaming floor space\u00a0<\/strong>(290,000 sq ft) for up to\u00a0700 gaming tables and 1,200 electronic gaming machines<\/strong>. The venue will host an\u00a0art exhibition<\/a>\u00a0<\/strong>from September 1 to October 31.<\/p>\n\n\n\n

Authorities in Macau<\/a> have decided that all visitors that come to Macau <\/strong>from any mainland Chinese city must hold a negative nucleic acid test certificate<\/strong> for Covid-19.<\/p>\n\n\n\n

The government of Macau is urging all citizens to get vaccinated <\/strong>as soon as possible. Authorities want a vaccination rate of 80 per cent <\/strong>before considering a travel bubble with other regions outside of mainland China.<\/p>\n","protected":false},"excerpt":{"rendered":"

Daisy Ho Chiu Fung, SJM Holdings’ chairman, has said the company expects Grand Lisboa Palace could reach break-even in a year’s time<\/p>\n","protected":false},"author":176,"featured_media":20947,"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' Chairman, Daisy Ho Chiu Fung, projects Grand Lisboa Palace could achieve break-even within 12 months, contingent on the COVID-19 pandemic's evolution and associated travel restrictions, particularly from mainland China. The HK$39bn integrated resort, which recently opened Phase I with 150 gaming tables, anticipates full operational capacity to include up to 700 gaming tables and 1,200 electronic gaming machines.","focusai_entities":"SJM Holdings, Daisy Ho Chiu Fung, Grand Lisboa Palace, The Lisboa Palace Hotel, Palazzo Versace Macau, Karl Lagerfeld Hotel","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (1.0), regulator (0.8), compliance_legal (0.7), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Impact on GGR?","query":"What is the projected incremental Gross Gaming Revenue (GGR) contribution from Grand Lisboa Palace Phase I, and how does its ramp-up impact SJM Holdings' overall market share in Macau's concessionaire landscape?"},{"label":"Regulatory Travel Bubble?","query":"Given the 80% vaccination target, what specific regulatory frameworks or bilateral agreements are being explored by Macau authorities to establish travel bubbles beyond mainland China, and what is the anticipated timeline for implementation?"}],"footnotes":""},"categories":[157,16338],"tags":[23808,23108],"class_list":["post-20923","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-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\/20923","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=20923"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/20923\/revisions"}],"predecessor-version":[{"id":20963,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/20923\/revisions\/20963"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/20947"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=20923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=20923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=20923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}