Its CEO said the firm is in a position to finance the project
SJM’s Cotai plans submitted to the government
2012-04-02
Reading time 24 seg
(Macau).- SJM Holdings CEO Ambrose So Shu Fai says the company has already submitted a draft of the Cotai project to the government and predicts that the first phase of the project could be up and running within one to two years if works still start this year.
So was quoted by Portuguese-language newspaper Hoje Macau saying that the first phase of the project includes both gaming and non-gaming areas, and the total investment put into Cotai will be around us$ 1.9 billion.
He also added that SJM is in a position to finance the project with the cash flow from its existing properties
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