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Tag Archives: Grand Lisboa Palace

China – TCS John Huxley supplied the Grand Lisboa Palace in Macau

TCS John Huxley was delighted to be chosen by the Macau casino operator SJM Holdings Ltd, to supply Grand Lisboa Palace, their exclusive new casino resort. The HKD39bn (US$5bn) luxury Grand Lisboa Palace casino resort opened its doors to the public on July 30 and is SJM Holdings’ first venture into Macau’s Cotai district. The…

China – Grand Lisboa Palace set for a phased opening today

Grand Lisboa Palace Resort Macau, the new integrated resort by SJM Resorts, in Cotai, will open its doors to the public in a phased manner at 12 noon on July 30 2021. The first phase will see the lavish integrated resort welcoming guests to the flagship Grand Lisboa Palace Macau, the largest of its three…

China – Analysts mixed on SJM as Grand Lisboa Palace finally nears opening

Analysts at Bernstein have said they are ‘sceptical’ that Macau operator Sociedade de Jogos de Macau Holdings can achieve its targets when its long-delayed $5bn Cotai casino resort, Grand Lisboa Palace, opens with 300 gaming tables. SJM said the property, which will also house 1,034 slots, would open before the end of this quarter Whilst…

China – Revenue fall of 84 per cent paints bleak picture of Grand Lisboa Palace’s 2020

The full impact of the coronavirus pandemic produced some startling figures in the annual report of Macau operator SJM holdings with its flagship property Casino Grand Lisboa seeing its revenue fall by 84 per cent with its hotel occupancy falling just below 18 per cent for the year. The operator said: “The group was severely…

China – Fitch sets the bar for Grand Lisboa Palace at US$258m next year

Grand Lisboa Palace, SJM Holding’s long-awaited casino property in Cotai, could generate GGR of HK$2bn (US$258m) in 2022, increasing to HK$3.5bn (US$450m) by 2023, according to analytical group Fitch Ratings. The property is on course to debut in the first quarter of the year following a series of setbacks that have delayed launch for well…

China – SJM to only open parts of Grand Lisboa Palace in first quarter of 2021

Macau casino group SJM Holdings will begin a phased opening of its new HK$39bn (US$5bn) Grand Lisboa Palace in Cotai in the first quarter of 2021 with some entertainment facilities to be delayed. Union Gaming analyst John De Cree said: ““SJM is expecting to open Grand Lisboa Palace in 1Q21, with the scale of the…

China – Opening of Grand Lisboa Palace could be delayed until 2021

With construction work on the long-delayed Grand Lisboa Palace completed in late 2019 and an application made for the relevant licenses in the second half of 2020, Sociedade de Jogos de Macau will be bemoaning the dilapidating effects of the coronavirus even more than most of Macau’s casino operators. The group has been in desperate…

China – Analysts concerned over SJM’s lack of expertise in premium mass gaming

Having delayed the opening of Grand Lisboa Palace again this time to late 2020, Macau operator SJM Holding has been put under the microscope by analysts at Sanford C Bernstein, who believe the property could struggle to compete on Cotai due to SJM’s lack of experience in premium mass gaming. SJM has also confirmed that…

China – SJM loses more market share but remains confident of 2018 Cotai completion

Having seen its market share slide further to just 16.1 per cent in the fourth quarter of 2017, Sociedade de Jogos de Macau, said it was still on course to complete the construction of Grand Lisboa Palace this year. The operator, who for so long held a monopoly on casino gaming in Macau, said that…