SJM Resorts has officially unveiled the Palazzo Versace hotel at its Grand Lisboa Palace complex, marking Versace's debut in the Asian luxury hotel scene.

SJM Holdings officially opened Palazzo Versace Macau, its latest addition to the Cotai integrated resort, on Tuesday. 

Macau gaming operator SJM Holdings is anticipating the grand opening of Palazzo Versace Macau in the coming months, with the room inventory at its Cotai integrated resort increasing to 1,892.

SJM Resorts’ Chairman Daisy Ho has indicated that the company is planning for a soft launch of its Palazzo Versace luxury hotel in the Cotai Strip in April of this year.

CLSA has raised Macau gaming operator SJM’s EBITDA forecast by 9.3 percent for the calendar year of 2024 following the company's strong first-quarter results.

The secret is to aim high. In 2024, the Philippine Amusement and Gaming Corporation (PAGCOR) is projecting gross gaming revenues (GGR) to hit $5.9 billion.

Extreme hotel price hikes during the Chinese New Year (CNY) holiday may no longer be a concern in Macau, given the increasing inventory and rational consumption trends.

Real estate developer and Vietnamese hospitality giant Sun Group is set to be the developer of the proposed $2 billion integrated resort, featuring a casino, in Van Don - in northeastern Vietnam's Quang Ninh province. In this week's Under the Scope, expert Ben Lee points out how the group is well-positioned to take advantage of being one of two companies in the nation to allow locals to gamble, while also leveraging junket play.

The ramp-up of SJM's new property Grand Lisboa Palace is still 'lagging market expectations', analysts from Morningstar pointed out in a dispatch.

SJM Resorts has hosted a product seminar in Jakarta, Indonesia, to promote Macau’s diverse “tourism+” elements, with the aim of boosting visitation to Macau while expanding the city’s international presence. The seminar introduced a wide range of world-class tourism offerings provided by SJM, with close to 100 professionals from the travel industry participating under a lively atmosphere.