Inside Asian Gaming

IAG MAR 2021年3月 亞博匯 14 亞博匯早報 BREAKFAST BRIEFS THE OPENING OF SJM HOLDINGS’ COTAI integrated resort, Grand Lisboa Palace, has been delayed again. According to guidance provided by SJM during its 4Q20 and FY20 results announcement, the HK$39 billion (US$5 billion) project is now slated to open by the end of the 2Q21, dashing earlier plans to open by March. Grand Lisboa Palace had originally been slated for completion in 2017 but has suffered multiple delays over the years. There is also no guarantee the property will open its doors by June, with SJM telling analysts that the exact date remained subject to market conditions. The company currently has an excess of around 2,000 staff on payroll awaiting the launch of Grand Lisboa Palace. SJM confirmed that final inspections are ongoing with an occupation permit likely to be issued in March or April, “which probably suggests a May/June opening, in our view,” according to investment bank JP Morgan. “The gaming facility should open in one go, but we expect a staggered opening for hotels and non- gaming,” including the three hotel towers and their combined 1,900 rooms. Brokerage Sanford C Bernstein added, “Inherently this is not the best opening strategy versus opening everything in one big effort. Partial openings have always led to significantly slower ramp up and less marketing impact. “However, a full opening in current conditions is not feasible for GLP as the company will try to contain costs.” SJM DELAYS GRAND LISBOA PALACE OPENING AGAIN UNTIL 2Q21 澳博上葡京將推遲至2021 年第二季度開業 澳博控股 位於路氹的綜合度假村酒店「上葡京」的開業時間再次 被推遲。 據澳博在其週二公佈的財報業績中披露，這個投資逾390億 港幣（50億美元）的項目計劃在2021年第二季度末開幕。其此前計 劃開業的時間是今年3月。 「上葡京」原計劃於2017年完工，但數年來遭到多次延遲。 目前尚無確切消息該物業可在6月前開業。澳博向分析師表 示，確切開幕日期將視乎市場情況而定。該公司目前有逾2,000名 員工在為「上葡京」的啟用做準備。 澳博證實正在進行最終檢驗，牌照或將在3月或4月獲發放。 投行摩根大通表示，「我們認為這或許意味著將在五、六月份開始 營業。」 「博彩設施或將一次過開放。但我們預計酒店及非博彩設施 或會分階段開放。」後者包括三座酒店大樓，共計1,900間客房。 經紀公司Sanford C Bernstein補充認為：「相對一次開放所 有設施而言，分階段開放會導致增速明顯放緩，市場營銷效果打 折扣。 「然而，在當前條件下，全面開放上葡京也並非可行，該公司 正在試圖控制成本。」