SJM off starting block in Cotai ‘in weeks’: So


SJM Holdings Ltd will start work on its first Cotai casino-resort soon and intends to open it within three years. “In the next few weeks we will launch construction of our integrated casino-resort in Cotai,” SJM chief executive Ambrose So Shu Fai said late last week, local media reported. Mr So gave no further details. Last year he said his company would probably develop 250,000 square metres of land, including a big plot controlled by SJM director Angela Leong On Kei, which is zoned for uses other than gaming. The company said the casino-resort would have 2,000 hotel rooms and 700 gaming tables. Mr So said SJM’s earnings were the highest ever last year. The company has yet to publish its results.