Its CEO expects the grant process to be completed next year
SJM closer to Cotai
(Macau).- SJM Holdings has already received a letter from the government saying the gaming operator will be granted a land parcel in Cotai. The news was broke by SJM Holdings’s CEO, Ambrose So Shu Fai.
2011-12-14
Reading time 32 seg
(Macau).- SJM Holdings has already received a letter from the government saying the gaming operator will be granted a land parcel in Cotai. The news was broke by SJM Holdings’s CEO, Ambrose So Shu Fai.
“In principle, we got a letter saying that it [the government] will grant the land to us, but we haven’t been given any further notice about, for example, the premium payment,” So said, quoted by TDM.
He added he expects the grant process to be completed next year, with SJM Holdings ready to invest up to us$ 2 billion in developing the land.
So didn’t provide any more details on the deal, namely on the size or localization of the plot. In 2007, SJM Holdings filed a land application to the government for two parcels in Cotai.
Leave your comment
RELATED NEWS
Covers product, slots, and branding
Wazdan earns triple nominations at AffPapa iGaming Awards 2026 for excellence in slots and branding
COMPANIES
Brings more than 20 years of experience
Zitro Digital appoints Thiago Valadão as Commercial Director for Brazil
New Event Content & Production Manager
HIPTHER appoints Elena Stepanyatova to lead event content and production across conference portfolio
Net revenue rises 1.9% to $507.3 million
Red Rock Resorts posts record quarterly revenue, flags construction impact
Hundreds of jobs at risk as shops shut
William Hill owner Evoke to close 270 shops as losses widen on tax hit
NYCE Marketplace
Upcoming Philippines casino resort
IDX selected to power 250 gaming tables with X-Trend system at the Westside Resort
Partnership expansion
Racing and Sports partners with Altenar to enhance global racing offering
LATEST NEWS
ONLINE GAMING
LEGISLATION
SPORTS BETTING
EVENTS
European circuit expands
PokerStars adds Prague and Aix-en-Provence, France to 2026 live schedule
Covers product, slots, and branding
Wazdan earns triple nominations at AffPapa iGaming Awards 2026 for excellence in slots and branding
EVENTS CALENDAR
Highlighted
Affpapa Conference Madrid 2026
Highlighted
MAC Affiliate Conference 2026
Highlighted
SBC Summit Americas 2026
JUN 9th 26 / JUN 11th 26
Live Event Broward County Convention Center, Fort Lauderdale, Florida
Highlighted
PGS 2026
Highlighted
SBC Summit 2026
Highlighted
