Tuesday, April 23, 2024
HomeNewsMacauMacau licensing likely to delay Grand Lisboa opening to Q3: MS

Macau licensing likely to delay Grand Lisboa opening to Q3: MS

FOLLOW US

SJM Holdings is likely to be forced to delay the opening of its Grand Lisboa Palace to Q3 from Q2 due to the ongoing wait for licensing permits, Morgan Stanley notes.

It is still waiting for an occupancy permit and other approvals from both the Macau Government Tourism Office and the Gaming Inspection and Coordination Bureau that could take at least four to eight weeks, the firm said.

SJM plans to open 260 mass tables at the resort, while 44 VIP tables aren’t likely to open until 2022 when the high-end Versace hotel opens, it said. The property is likely to debut with 650 rooms in its own-brand hotel.

AGBrief Editorial
AGBrief Editorialhttps://agbrief.com/about-asia-gaming-brief/
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

RELATED ARTICLES