A minimum of between 400 and 500 gambling tables will equip Lisboa Palace, informed Ambrose So, CEO of SJM Holdings Ltd, on the sidelines of the European Chamber of Commerce gala dinner last Friday, as reported by Jornal Cheng Pou.
The report says that So did not disclose an exact number instead argued that in light of the current number of players, it is necessary to provide many tables. So also declared that Lisboa Palace will offer 95 percent non-gaming offerings. Moreover, according to the report, the project reserved an approximate five percent of the total area, representing 27,000 square meter, exclusively for gaming offerings.
Lisboa Palace was intended to be completed by the end of next year, but So admitted that it remains difficult to predict whether there will be delays or not. He said that the development may be ready within the current schedule.
Ambrose So
The city’s gaming industry has been suffering losses. Since 2014, there has been a decline in profits for 23 consecutive months. So expressed: “I guess there will not be a miracle,” noting that even if the income from slot machines slightly increases, it will not be enough to cover losses from VIP rooms. Additionally, he believes that, under the influence of China’s slowing economy, it will be good if the industry can maintain what it has now.
On the sidelines of Friday’s gala dinner, So also mentioned that the “the junkets and also the operation in the casino need to be regulated step-by- step given the reality of the casino operations in Macau.”
“What we have been always saying in agreement with the government is that we want a healthy and sustainable development of the casino industry. Further regulations in that direction of junket operations is moving in the right direction,” he concluded.
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