Pursuits
SJM Boosts Spending on Versailles-Style Macau Casino
This article is for subscribers only.
SJM Holdings Ltd., Asia’s biggest casino operator, will spend HK$30 billion ($3.9 billion) to build its first resort in Macau’s Cotai area, HK$5 billion more than planned because of higher construction and labor costs.
SJM broke ground yesterday on Lisboa Palace, which will have as many as 700 gambling tables and 1,200 slot machines, according to a statement. Scheduled to open in 2017, it will have three hotels with 2,000 rooms, including a luxury hotel in partnership with Italian fashion house Gianni Versace SpA.