SJM’s first Cotai integrated resort, Grand Lisboa Palace, is in the final stages of licensing, Macao Government Tourism Office (MGTO) Director Maria Helena de Senna Fernandes said today (Tuesday).
“Inspections have been done, obviously there are some things that they need to adapt or some opinions from certain departments but I think most of them have already been handled. I can’t say exactly how long it will take because it does not depend solely on MGTO, there are departments like the Land, Public Works and Transport Bureau (DSSOPT) that need to carry out some final works,” Fernandes said after the inauguration ceremony of the new Grand Prix Museum.
“We’re still waiting for the final green light from a couple of departments and then obviously the licenses can be issued, not just the hotel license but also a lot of restaurants and other facilities within the hotel itself. There are quite a lot of them”.
SJM management has previously indicated that its first new property has already completed the required inspections and is only waiting for licenses to be handed, with a possible opening scheduled until the end of June.
The Grand Lisboa Palace will feature a total of approximately 1,900 hotel rooms and suites in three hotel towers — the Grand Lisboa Palace, the Palazzo Versace and the Karl Lagerfeld — as well as facilities for meetings and conferences, shopping, dining, gaming and entertainment.
The property is expected to open with only 300 hotel rooms at its main hotel initially and limited retail, Bernstein noted, with its two high-end boutique hotel and other features expected to only open during the latter part of 2020.
Gaming authorities are also expected to allocate 150 to 200 gaming tables to its future Grand Lisboa Palace integrated resort, a number similar to other recent Cotai property openings, brokerage Sanford C. Bernstein indicated in a dispatch.