SJM Holdings has announced plans to expand its flagship Hotel Lisboa property in Macau by acquiring approximately 7,504 square metres of former gaming space from its controlling shareholder, Sociedade de Turismo e Diversões de Macau, S.A. (STDM), for HK$529 million ($67.8 million).
The company stated that the newly acquired space will be integrated into the current operations of Casino Lisboa, with certain gaming tables and slot machines to be redeployed from satellite casinos scheduled to cease operations by the end of 2025. According to SJM, this move aims to ‘consolidate a leadership position on the Macau Peninsula’ and enhance synergies between its two landmark properties, Grand Lisboa and Hotel Lisboa.
The expansion comes as part of the group’s broader strategy to optimize its satellite casino portfolio. Following a comprehensive review aligned with Macau’s revised gaming law, SJM said it will cease operations at seven satellite casinos by year-end, while exploring the potential acquisition of Casino L’Arc Macau and Casino Ponte 16. One of these properties, Casino Grandview, closed ahead of schedule in July.
SJM highlighted that integrating the additional space into Casino Lisboa will allow the group to preserve the ‘geographic loyalty traditionally associated with the Macau Peninsula.’ It added that the enlarged footprint is expected to boost non-gaming spend, extend customer stays, and strengthen its positioning toward VIP and premium-mass segments.
The company emphasized that Grand Lisboa and Hotel Lisboa already form the largest integrated resort on the Peninsula. Strengthening this hub through expanded gaming and ongoing refurbishment is intended to centralize resources, broaden customer reach, and improve earnings quality through ‘enhanced asset productivity and sharper yield management.’
This latest development follows SJM’s continued investment in culinary, MICE, cultural, and sports initiatives across its portfolio. The group recently introduced new dining concepts at Grand Lisboa Palace Resort and completed major MICE facilities now awaiting licensing.
