The resort to have 2,000 hotel rooms and suites
SJM’s Cotai project to cost us$ 2.5 billion
2012-11-20
Reading time 36 seg
(Macau).- The planned casino resort in Cotai for SJM Holdings will cost around us$ 2.5 billion, CEO Ambrose So Shu Fai said. Quoted by Shimin Daily Chinese-language newspaper, Mr So said that 70 percent of the resort would be dedicated to non-gaming facilities, our sister publication Business Daily reports.
He also said SJM Holdings’ Cotai project would be different from the existing casino resorts there. The gaming operator announced last month that the company had formally accepted a proposed draft land concession contract from the government, to develop a casino resort on 70,500 square metres of land in Cotai.
The company will have to pay a total premium of us$ 264.1 million. SJM Holdings said at that time that it planned to develop a casino resort with up to 700 gaming tables and 1,000 slot machines, pending government approval.
The resort will have approximately 2,000 hotel rooms and suites.
Leave your comment
RELATED NEWS
CAD$1.16M win at Casino Lac-Leamy
IGT’s Powerbucks surpasses CAD$100 million in jackpot payouts in Canada
From 19 - 22 May 2026
Skilrock joins APLA Seminar 2026 as Silver Sponsor
Four-month 2026 GGR hits $10.6 billion
Macau April casino revenue rises 5.5% year-on-year, falls from March
COMPANIES
Operating earnings up 65%
Century Casinos cuts Q1 loss as revenue climbs to $137.2 million
Net income rose to $120.5 mn
Wynn Resorts profit rises in Q1 as Macau, Las Vegas drive quarter revenue growth
iGaming revenue climbed 8.9% to $461.3 million
DraftKings beats Q1 estimates, touts Super App growth in prediction markets
NYCE Marketplace
Now live for integration
OpticOdds launches as first odds data API available via MCP for Claude Desktop
Technology integration
Algotech strengthens its trading technology ecosystem through collaboration with 55Tech
Partnership expansion
Riddec Games enters Nirmata Play distribution network through Stargate partnership
LATEST NEWS
ONLINE GAMING
LEGISLATION
SPORTS BETTING
EVENTS
During the SBC Summit Malta
1xBet's Simon Westbury discusses 1xPartners' philosophy, Best Affiliate Program win at SBC Awards Malta
Ahead of SiGMA World 2026
Forbes Italia, SiGMA announce Top 50 initiative for Italy’s regulated gaming sector
May 31 to June 3
PAGCOR endorses SiGMA Asia Summit 2026 in Manila
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
