SJM Holdings Ambrose So told a Hong Kong newspaper that the company is in negotiations to operate a casino at the Lisboeta, a new property on the Cotai Strip.
The company has also revealed plans that it will be taking over the operation of Casino Diamond, a satellite casino under the group, which had announced it would be shutting down at the end of this month due to financial hardship over the pandemic.
The hotel held a partial opening on July 17, revealing attractions such as indoor skydiving and ziplining. It is situated next door to SJM’s Grand Lisboa Palace, which is scheduled to open in coming months.
For this edition of our magazine, we focus on Southeast Asia, with a particular look at the Philippines. The country’s casino industry has been among the hardest hit in Asia, with the integrated resorts in Manila’s Entertainment City having remained mostly closed to the general public since the beginning of the crisis last year.
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.