International edition
June 12, 2021

The resort to have 2,000 hotel rooms and suites

SJM’s Cotai project to cost us$ 2.5 billion

(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.

H

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.

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