{"id":777009586,"date":"2023-09-25T07:32:46","date_gmt":"2023-09-25T10:32:46","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777009586"},"modified":"2026-04-22T17:48:26","modified_gmt":"2026-04-22T20:48:26","slug":"sjm-to-work-with-government-to-revitalise-macaus-main-street","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/sjm-to-work-with-government-to-revitalise-macaus-main-street","title":{"rendered":"SJM to work with government to revitalise Macau’s main street"},"content":{"rendered":"\n

SJM will fund work on Avenida Almeida Ribeiro as part of efforts to promote community tourism.<\/p>\n\n\n\n\n\n\n\n

Macau.-\u00a0SJM Resorts<\/strong>\u00a0is to work with the government to rejuvenate Avenida Almeida Ribeiro, also known as San Ma Lo in Cantonese.\u00a0 The initiative, announced by SJM Resorts’ managing director\u00a0Daisy Ho Chiu Fung<\/strong>\u00a0at the 10th Global Tourism Economy Forum (GTEF) in Macau, aims to revitalise the district’s cultural and tourist offerings.<\/p>\n\n\n\n

The announcement comes in after it was reported that\u00a0Melco Resorts & Entertainment<\/a>\u00a0<\/strong>will restore the Inner Harbour\u2019s Piers 23 to 25 and the surrounding Mount Fortress area and MGM China<\/a>\u00a0around 35,000 square meters of the Barra area.<\/p>\n\n\n\n

SJM Resorts intends to bring back\u00a0its former floating casino, Macau Palace<\/strong>, which was originally inaugurated in 1962 by Sociedade de Turismo e Divers\u00f5es de Macau (STDM), founded by\u00a0Stanley Ho Hung Sun<\/strong>, Daisy Ho’s father.<\/p>\n\n\n\n

Ho stressed the importance of diversifying beyond gaming in the next decade to establish Macau as a leading international tourist destination. This strategy includes expanding non-gaming offerings such as sports events, cultural experiences, and gastronomic options. SJM Resorts plans to open 15 new restaurants in the coming years.<\/p>\n\n\n\n

These initiatives align with the government\u2019s commitment to more diverse tourism. Under new gaming concessions, the six Macau casino operators have collectively pledged to invest a minimum of MOP108.7bn (US$13.48bn) in non-gaming initiatives<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

SJM will fund work on Avenida Almeida Ribeiro as part of efforts to promote community tourism.<\/p>\n","protected":false},"author":176,"featured_media":25400,"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 Resorts is committing significant capital to non-gaming initiatives in Macau, including the rejuvenation of Avenida Almeida Ribeiro and the reintroduction of the Macau Palace floating casino. This aligns with the Macau government's mandate for concessionaires to diversify beyond gaming, with all six operators collectively pledging MOP108.7bn (US$13.48bn) towards non-gaming investments.","focusai_entities":"SJM Resorts, Melco Resorts & Entertainment, MGM China, Daisy Ho Chiu Fung, Sociedade de Turismo e Divers\u00f5es de Macau (STDM), Stanley Ho Hung Sun, Global Tourism Economy Forum (GTEF)","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.7), operator_casino (0.9), marketing_crm (0.7), investor_analyst (0.9), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Non-Gaming ROI Projections?","query":"What are the projected return on investment (ROI) timelines and key performance indicators (KPIs) for SJM Resorts' non-gaming capital expenditures, particularly for the Avenida Almeida Ribeiro rejuvenation and the Macau Palace reintroduction?"},{"label":"Concession Compliance Impact?","query":"How will the collective MOP108.7bn non-gaming investment by Macau's six concessionaires be monitored for compliance by the DICJ, and what are the potential implications for future concession renewals or regulatory standing?"}],"footnotes":""},"categories":[157,16338],"tags":[23108],"class_list":["post-777009586","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-sjm-holdings"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009586","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=777009586"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009586\/revisions"}],"predecessor-version":[{"id":777041270,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009586\/revisions\/777041270"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25400"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777009586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777009586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777009586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}