{"id":24270,"date":"2021-11-05T11:20:46","date_gmt":"2021-11-05T14:20:46","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=24270"},"modified":"2026-04-23T14:05:16","modified_gmt":"2026-04-23T17:05:16","slug":"grand-lisboa-palace-could-reach-break-even-in-q2-2022-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/grand-lisboa-palace-could-reach-break-even-in-q2-2022-analysts-say","title":{"rendered":"Grand Lisboa Palace could reach break-even in Q2 2022, analysts say"},"content":{"rendered":"\n

Analysts at JP Morgan Securities predict that SJM’s Grand Lisboa Palace could reach break-even in the second quarter of next year if Macau reopens its borders.<\/p>\n\n\n\n\n\n\n\n

Macau.- Analysts at JP Morgan Securities <\/strong>have predicted that SJM’s new Cotai resort Grand Lisboa Palace could reach break-even during the second quarter of 2022. The forecast comes a day after SJM Holdings reported<\/a> that the venue saw gross gaming revenue of HKD69m (US$8.9m) in Q3.<\/p>\n\n\n\n

JP Morgan’s prediction depends on Macau reopening its borders and easing travel restrictions before then. Mainland China is currently the only country that has a largely quarantine-free travel bubble<\/a> with Macau. Sanford C. Bernstein believes \u201cGrand Lisboa Palace break-even is still far off,” despite the casino operator’s GGR being better than the market average during the third quarter.<\/p>\n\n\n\n

As of September 30, SJM Holdings had invested HKD37.8bn (US$4.86bn)<\/strong> in the development of Grand Lisboa Palace. There was a partial opening on July 30 when the company opened one of the towers with 300 rooms. The remaining hotel venues will open next year.<\/p>\n\n\n\n

Analysts at Bernstein stated: “Although management expects these non-gaming offerings will drive more premium mass customers to Grand Lisboa Palace, they admitted the property won\u2019t be at EBITDA break-even until a larger scale of border opening is possible, which may be far off given China\u2019s zero-Covid strategy.”<\/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. It will have 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","protected":false},"excerpt":{"rendered":"

Analysts at JP Morgan Securities predict that SJM’s Grand Lisboa Palace could reach break-even in the second quarter of next year if Macau reopens its borders.<\/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":"JP Morgan Securities forecasts SJM Holdings' Grand Lisboa Palace could achieve break-even by Q2 2022, contingent on Macau's border reopening. This contrasts with Sanford C. Bernstein's more cautious outlook, citing China's zero-Covid strategy as a significant impediment despite the property's Q3 GGR outperforming market averages. The HKD37.8bn integrated resort's full operational capacity remains tied to eased travel restrictions.","focusai_entities":"JP Morgan Securities, SJM Holdings, Sanford C. Bernstein, Grand Lisboa Palace, The Lisboa Palace Hotel, Palazzo Versace Macau, Karl Lagerfeld Hotel","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (0.9), marketing_crm (0.7), investor_analyst (0.98), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Border Reopening Impact","query":"What specific GGR and visitation metrics would SJM Holdings need to achieve post-border reopening to validate JP Morgan's Q2 2022 break-even projection for Grand Lisboa Palace?"},{"label":"Zero-Covid Strategy","query":"How is SJM Holdings mitigating the ongoing financial impact of China's zero-Covid strategy on Grand Lisboa Palace's operational ramp-up and long-term profitability, particularly concerning premium mass customer acquisition?"}],"footnotes":""},"categories":[157,16338,158],"tags":[23808,23906],"class_list":["post-24270","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","category-slider-home","tag-grand-lisboa-palace","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24270","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=24270"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24270\/revisions"}],"predecessor-version":[{"id":24297,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24270\/revisions\/24297"}],"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=24270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=24270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=24270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}