SJM Holdings breaks ground for Cotai casino-resort

2014-2-14

From:Macau Business

SJM Holdings Ltd broke ground yesterday for its casino-resort in Cotai, to be called the Lisboa Palace.

The casino operator says it will spend HK$30 billion (US$3.9 billion) on the project, HK$5 billion more than previously announced because construction and labour costs have risen.

The development is scheduled to open in 2017.

It will have capacity for 700 gaming tables and 1,200 slot machines. It will have three hotels containing up to 2,000 rooms.

At the ground-breaking ceremony SJM Holdings chief executive Ambrose So Shu Fai urged the government to consider letting casinos employ migrant workers as croupiers.

He said this would allow Macau permanent residents employed as croupiers to move up the career ladder.

Mr So said the company is still finalising the deal to co-develop a neighbouring plot controlled by Angela Leong On Kei, SJM Holdings’s executive director, as part of the project.

Copyright@Macau Business