Published
Land-BasedCasino

SJM Holding’s Grand Lisboa Palace to launch as scheduled

Co-chairman and executive director Angela Leong On Kei told local press that the launch of the Cotai property will go ahead.

grandlisboa

At a company event, Ms Leong was able to confirm that the launch is expected to take place within the first half of 2021.

She hopes to bring in more visitors by following the efforts of the Macau government to boost the city’s tourism after the pandemic.

The launch had suffered several setbacks after being pushed to the first and second quarter of 2021.

These delays can date back as early as 2017, when the construction site suffered a fire but now SJM Holdings hopes it can finally launch the project.

Construction for the site finished late February, following the completion the company said final inspections from the government were set to take place.

The Grand Lisboa Palace will contain three hotel towers which are the Grand Lisboa Palace, Palazzo Versace and Karl Lagerfield.

The entire project is estimated to have around 1,900 rooms and will offer event space, shopping, dining and entertainment to complement its casino.

Ms Leong had revealed that the Portuguese restaurant at the Palace will be run by a Michelin star chef. The name is currently being kept as a secret and would be announced alongside the launch.

Investment bank JP Morgan said that the site should “open in one go” although a staggered opening would not come as a surprise.


Casino News Sponsor
Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Soft2Bet
Scientific Games
Digitain Malta
Follow Us

Facing Facts: Q3 2024 analysis

Gambling Insider takes a look at the Q3 results of operators...

Taking stock: The final count of 2024

Gambling Insider tracks operator and supplier prices of some...

CEO Special: Flutter CEO Peter Jackson – Playing to win

As the biggest publicly traded operator in gambling meets th...

CEO Special: Holland Casino CEO Petra de Ruiter – High flier

Petra de Ruiter, Holland Casino CEO, speaks to Gambling Insi...

A welcome from your host

A message from the Founder of the Global Gaming Awards and G...

From the event manager

A message from the Event Manager of the Global Gaming Awards...

From the Awards adjudicator

KPMG in the Crown Dependencies is the official voting adjudi...

The process

The Global Gaming Awards have deservingly earned the reputat...