SJM chief encouraged by Golden Week bookings

Tuesday 3rd of October 2017

SJM chief executive Ambrose So Shu Fai said he is encouraged by the number of hotel bookings for Golden Week, expressing his wish that the increased number of visitors will bring in more income.

“I can’t forecast [the gaming revenue] but logically this will be good for Macau’s revenue,” said So on Tuesday, quoted by Macau Business.

When asked about whether Grand Lisboa Palace is on track for an opening in 18H2, So said that evaluation of the fire damage is still ongoing, but said the MOP36 billion (US$4.5 billion) budget would not be overrun.

“Fortunately, the fire didn’t break out at the critical part [of the project],” said So. “But of course there is certain damage to the equipment that needs to be replaced [and] luckily those are covered by insurance.”

However, So said that a partial opening would not be out of the question, depending on the progress of work.

So made the comments during the 68th Anniversary of the Founding of the People’s Republic of China on Tuesday, gathering hundreds of its employees at the Macau Tower Convention and Entertainment Centre.