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.
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