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Tag Archives: Cotai

China – Lack of Cotai presence continues to hinder SJM

The prolonged lack of a presence on Macau’s Cotai Strip has hit the revenues of Sociedade de Jogos de Macau further with net gaming revenue falling by 0.7 per cent and market share slipping to 14.1 per cent. The company said: “Construction of the Grand Lisboa Palace, the Group’s integrated resort on Cotai, continued in…

China – Wynn Palace opens as ‘the most beautiful hotel in the world’

Steve Wynn, Chairman of the Board and Chief Executive Officer of Wynn Resorts, has now unveiled Wynn Palace, his latest masterpiece set in a commanding position in Cotai, Macau’s bustling new tourist hub, to the world. The opening of the floral themed Wynn Palace will help launch a new era of prosperity for Macau and…

China – SJM kick-starts Cotai casino project

Sociedade de Jogos de Macau (SJM) has started work on its latest casino project in Macau, breaking ground on its US$3.9bn Lisboa Palace, its first development in the Cotai area. The French-themed Lisboa Palace will offer 700 tables and 1,200 slots. Set to open in 2017, it will have three hotels with more than 2,500…

Macau – SJM to triple the size of its Cotai plot

SJM Holdings Ltd., Asia’s biggest casino operator, plans to invest in land that will triple the size of its planned casino resort in Macau’s Cotai area. SJM, founded by gambling mogul Stanley Ho, will buy a stake in a neighbouring plot controlled by the mother of Ho’s youngest children, CEO Ambrose So said, without giving…

China – Versace to lend its eye for fashion eye to SJM

Italian fashion house Versace is to design a casino for Macau operator Sociedade de Jogos de Macau. SJM confirmed the deal with Gianni Versace on its website saying the two companies had signed an agreement to open a hotel bearing the trademark Palazzo Versace as part of SJM’s integrated casino resort in Cotai, Macau. Palazzo…

China – Wynn Palace to bloom in Cotai

Wynn Resorts Chairman and CEO Steve Wynn is relying on flower power to make his latest US$4bn Macau resort; Wynn Palace, bloom into a must-see project on the ever competitive Cotai Strip. Mr. Wynn, who has been keen to use natural elements such as waterfalls, greenery and flowers in some of his previous casino designs…

China – Mid 2016 opening for MGM’s Cotai project

MGM China has confirmed its US$2.6bn Cotai project is on schedule to open in mid-2016. Chief Executive Grant Bowie said the foundations would be finished by the end of 2013 with building work on the infrastructure set to start in 2014. The Cotai Project will have 1,600 hotel rooms, 2,500 slot machines, and up to…

China – SJM approved for 700 table casino in Cotai

Macau’s biggest casino operator in terms of numbers of venues, SJM Holdings, has become the final concessionaire to receive approval to build in Cotai with plans for a 700 table, 1,000 slot resort given the green light. The resort would have 2,000 hotel rooms but other details have not yet been released. Reports out of…