Gaming operator takes a hit, but remains determined about new super-luxury hotel opening and prospects for 2021.
Grand Lisboa
The group’s three Lisboa resorts form the mainstay of a roadshow broadcasting the message that Macao is a safe destination for tourists.
Gaming operator SJM on Thursday announced that its popular Grand Lisboa New Year Countdown Show will be cancelled this year.
Grand Lisboa’s occupancy rate could reach about 50 per cent next month, its manager, Henry Kong Fuk Leung, said on Thursday.
The possible decision to postpone the new round of bidding for gaming concessions is up to the government, SJM Managing Director and Chief Administrative Officer Angela Leong On Kei said on Sunday after a speaker at a seminar suggested a postponement.
Macao gaming operator SJM Holdings reported on Tuesday a loss of HK$1.41 billion in the first half of the year, a year-on-year decline of 184.1%.
Forbes Travel Guide unveiled its 2020 star award winners today with Grand Lisboa receiving 5 stars for the first time.
Construction of Grand Lisboa Palace in Cotai would be completed by early next month.
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