Select Language :

LOCAL NEWS

13/07/2018
Another new additional of hotel to the Cotai strip, the Grand Lisboa Palace under the casino operator SJM Holdings, is expected to open in the second part of the year 2019.

According to the information from the Macau Inspection and Coordination Bureau (DICJ), the new hotel Morpheus, at the City of Dreams casino resort has not allocated any new live dealer tables for its official opening on the 15th June or for the rest of the coming year. The Macau government will consider whether to grant some fresh table allocation to the new hotel next year. However, the DICJ has approved the Melco Resorts and Entertainment Ltd to transfer 40 gaming tables, not including any slot machines, from its other casino properties to the Morpheus in 2018. The Morpheus offers over 770 guest rooms, villas and suites.


In February 2018, the DICJ has granted 100 new live dealer tables to MGM Cotai and with an additional of 25 more next year. According to the information by the DICJ, the Macau SAR government has the principle of limiting the number of gaming tables to not exceeding 3% annual compound growth rate beginning in the year 2013. And under this principal, the DICJ will consider many combine factors which includes the amount of non-gaming facilities, whether the gaming concession has helped to improve the health issues, quality and diversification of the gaming industry as well as whether to help to promote Macau as a “World class Centre of Tourism and Leisure”.  


Another new additional of hotel to the Cotai strip, the Grand Lisboa Palace under the casino operator SJM Holdings, is expected to open in the second part of the year 2019. According to the information by Mr Ambrose So Shu Fai, CEO and vice-chairman of the group, SJM has experienced a continuous decline of the casino gross gaming revenue (GGR) since 2011. The position of GGR for SJM Holdings has declined to 16.10% in 2017 compared to previous records of 29% in 2011. The Grand Lisboa Palace including the “Palazzo Versace” and “Karl Lagerfeld”, an estimation worth of HKD36 billion (USD4.60 billion) will have around 2,000 rooms. 


The opening of the Hong Kong-Zhuhai-Macau (HKZM) Bridge expects to increase more event planners or meetings, incentives, conferences and exhibitions (MICE) to move their gatherings to Macau. Also the HKZM Bridge, being the longest sea-crossing bridge in the world, will put travelling time between Hong Kong, Zhuhai and Macau to less than an hour commuting time between these three cities. Furthermore more, the HKZM Bridge is expected to benefit the Macau’s gaming market. The HKZM is likely to open this year but no official date has been announced.


POST A COMMENT
(*) is requred items .