e 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.