Pursuits
SJM Partners With Versace to Build Luxury Hotel in Macau
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SJM Holdings Ltd., Asia’s biggest casino company, said it is planning a luxury hotel with Italian fashion house Gianni Versace SpA as it seeks to lure the wealthiest Chinese gamblers to its upcoming Macau resort.
The five-star Palazzo Versace hotel will be built at SJM’s planned resort on the city’s Cotai area, which is Asia’s equivalent of the Las Vegas Strip, according to a statement from the companies yesterday.