Thursday, 26 June 2008

SJM to invest project worth MOP $18.7 billion over the next four years in Macau 澳博未來4年投資187億發展/重建數個項目 (澳博未来4年投资187亿发展/重建数个项目)

SJM Holdings - owned by Stanley Ho is planning to spend MOP$21 billion developing casino projects in Macau over the next four years, including the redevelopment of the Lisboa Hotel Complex and the starting of a number of new casino projects.

SJM is bringing MOP$12 billion investment to redevelop the original Lisboa hotel site, with construction expected to take place from next year to 2012. L'Hermitage, a casino which target on richer clients, due to be completed in the third quarter of 2008. Another project called L'Arc (Le Royal Arc) casino locate inside a residential tower opposite the Lisboa - Le Royal Arch Tower, the casino will include a boutique members' club casino with 32 VIP gaming tables. It is expected to complete at the beginning of next year.

There are also plans for two developments on the Cotai strip, one to be completed in 2010 and the other to be finished in 2012. One of this development plan at Cotai Strip is the MOP$5.3 billion casino hotel called the Pearl which included entertainment, conventional center, hotel and service apartment all within inside the complex. The Pearl is located in a small 100,000 sq ft site across the street of Venetian Macau.

The original site of the New Yaohan Department Store will turn into a mass-market casino, the site was purposed for the development of Oceanus project previously. Further information will be realise soon.

澳博於○八至一二年將投入一百八十六億七千萬元重建葡京酒店 (興建針對貴賓廳業務的L'Hermitage及L'Arc, 兩個項目合共將投入二億七千萬澳門元, 於今年第三季及明年首季落成。), 發展外港區多層式娛樂設施場所OceanusOceanus以空調行人道連接至渡輪碼頭, 投入十一億澳門元。) 澳博葡京酒店重建約需一百二十億澳門元。 重建將把葡京酒店及娛樂場改建及擴充成為一個多用途發展項目預期於2012年首季落成。 路氹的The Pearl正計畫發展成包括娛樂、會議、酒店及服務式公寓等綜合物業用途設施,預計要投入五十三億澳門元,於2014年第四季落成。

2 Comments:

Chai Yong said...

SJM steps is to compete with stiffer regional competition from Singapore which plans to have its 2 integrated resorts i.e. Marina Bay Sands and Resorts World at Sentosa ready by early 2010. I think it is the right move. It will maintain Macau business in casino and entertainment generally.

seemacau said...

I really expect to see how the Marina Bay Sands and Resorts World at Sentosa looks like once it complete, both are very giant !!