International edition
June 12, 2021

The firm also wants to take over lots 7 and 8

SJM hopes to get Cotai land approval by year-end

(Macau).- SJM Holdings is hopeful the government will grant it land in Cotai to develop a casino resort project by year-end, company CEO Ambrose So Shui Fai told reporters. In 2007, the firm filed a land application to the government for two parcels in Cotai.

M

r So also said that SJM, the biggest Macau casino operator by gross gaming revenue, also continues to be interested in taking over the so-called lots 7 and 8 in Cotai, which were previously included in Sands China plans for the area.

Sands China had already started site preparation on these lots, but the government eventually decided in December 2010 against granting the gaming operator the parcels.

Mr So also downplayed the impact of the recent year-on-year drop in visitor arrivals on gaming revenue, saying it is too early to have a clear picture of the situation. Meanwhile, he disclosed that some SJM Holdings executives visited Taiwan a few months ago to explore business opportunities there.

In July, residents of the offshore island group of Matsu voted in favour of opening Taiwan’s first legal casino there.

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