The launch of SJM Holding’s Grand Lisboa Palace will go ahead as scheduled, according to co-chairman and executive director Angela Leong On Kei.
Ms Leong was able to announce that the launch of the Cotai property would take place in the first half of 2021 at a business gathering.
She aims to draw more tourists by pursuing the Macau government’s attempts to improve the city’s tourism following the pandemic.
After being moved back to the first and second halves of 2021, the launch had experienced many delays.
These setbacks can be traced back to 2017, when the building site was destroyed by fire, but SJM Holdings now hopes to complete the project.
The site’s building was completed in late February, and the company announced that final government approvals were expected.
Three hotel towers
The Grand Lisboa Palace, Palazzo Versace, and Karl Lagerfield are the three hotel towers that will make up the Grand Lisboa Palace.
The overall number of rooms in the project is projected to be about 1,900, and it will provide event space, retail, dining, and entertainment in addition to the casino.
The Portuguese restaurant at the Palace will be operated by a Michelin-starred chef, according to Ms Leong. The name is being kept a secret for the time being and will be unveiled along with the launch.
The platform should “open in one go,” according to investment bank JP Morgan, but a phased launch would not be surprising.