International edition
September 25, 2021

Wynn Macau and MGM Macau also are awaiting to begin construction

SJM CEO is optimism about approval of Cotai Strip project

(Macao).- SJM Holdings CEO, Ambrose So Shu Fai, said he is optimistic about approval for the company to develop on the Cotai Strip. Wynn Macau and MGM Macau also are awaiting approval from the Macau government to begin construction.


o told reporters that favorable factors for the gaming sector include the quantitative easing policy of the US that ‘will not tighten shortly’, the ‘very ample’ global money supply and also the positive economic expectations of Asia as a whole, TDM news reported.


In addition, he said SJM will enhance its overall operational efficiency and hopes the SAR Government can approve the company’s land development application on the Cotai Strip as soon as possible.

Non-gaming elements will be considered for introduction to the Cotai property in a bid to draw different market sources, if the application is given the green light, the CEO added.


With regard to the draft bill to raise casino entry age to 21 years old, expected to be introduced in the middle of the year, So said SJM will follow the Government’s instructions and reinforce random checks on people entering the casinos.


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