Daisy Ho is “hoping” to be able to open entirely including all three hotel towers by the end of this year
SJM Resorts has announced that will hold a partial opening of its flagship property on the Cotai Strip, Grand Lisboa Palace, tomorrow Friday 30th.
SJM Chairman Daisy Ho stated that the property would be opening with 150 new-to-market gaming tables, similar to other new properties on the Cotai Strip. The remaining tables are planned to be moved over from the Macau peninsula, however, Ho could not yet say how many tables would be available upon opening or what the split would be between mass market and VIP tables.
The much-anticipated arrival of SJM to Cotai comes despite some border restrictions – mandatory quarantine for entry from Hong Kong and Taiwan and some quarantine measures placed on provinces of China. Tourists who are not residents of Chinese territories are also still banned from entering Macau.
Daisy Ho today said on Wednesday that the full opening of the hotels on the property would depend on the travel restrictions and pandemic situation worldwide. The Friday opening will comprise just half of the rooms of the Grand Lisboa Palace hotel.
Two other hotel towers, the Palazzo Versace and Karl Lagerfeld, upon opening, will bring the total to 1,892 rooms.
Daisy Ho says she is “hoping” that the group will “be able to open up entirely”, including all three hotel towers, by the end of this year. In previous estimates, the group has calculated their investment in the property at some HK$39 billion, with capital commitments in connection to the Grand Lisboa Palace totalling HK$2.5 billion.
Construction on the project began in February of 2014, with an initial opening date set for 2017, but numerous delays, including fires and government-mandated halts on construction due to work accidents, pushed the project back by years. It was initially expected to offer 700 gaming tables and over 1,200 slot machines, with an estimated construction cost of HK$30 billion.
