In Macau, casino operator SJM Holdings Limited has reportedly announced that its under-construction Grand Lisboa Palace was not damaged as a result of Typhoon Mangkhut despite being hit by gusts of wind well in excess of 100 miles per hour.
All casinos asked to close:
According to a Monday report from GGRAsia, Typhoon Mangkhut was the strongest storm to strike the region since 1983 and saw the local government take the unprecedented step of ordering all of Macau’s casinos to close for two days from 11pm on Saturday.
According to a statement from SJM Holdings Limited…
“In respect of Grand Lisboa Palace under construction, the building and its fittings were left undamaged by the typhoon, thus the structure remains safe and intact. Works on the site have resumed after the typhoon with a focus on ensuring a safe environment for our workers.”
Expected to open in late-2019:
Hong Kong-listed SJM Holdings Limited is responsible for 20 casinos spread across Macau including the iconic Casino Grand Lisboa and the newer Emperor Palace Casino. It began construction on the $4.6 billion Grand Lisboa Palace in February of 2014 and is reportedly hoping to begin welcoming visitors to the 17-acre development in the second half of next year.
SJM is building the Grand Lisboa Palace in order to better compete with other nearby integrated casino resorts such as the $3.2 billion Studio City Macau development from Melco Resorts and Entertainment Limited as well as Sands China Limited’s $2.4 billion The Venetian Macao.
When finished, the new property is due to feature a trio of hotels branded under the Grand Lisboa Palace, Palazzo Versace and Karl Lagerfeld monikers as well as shopping, dining and entertainment facilities with its gambling floor offering approximately 1,000 slots alongside some 700 gaming tables.
Situation returns to normal:
GGRAsia reported that all of the company’s other properties were back in business from Monday morning after Typhoon Mangkhut had moved inland and weakened.
Elsewhere in the former Portuguese enclave and the city’s Gaming Inspection and Coordination Bureau regulator purportedly declared that only the Macau Jockey Club Casino, which is located inside Taipa’s The Macau Roosevelt hotel, a Mocha slots parlor in the Inner Harbour district and the Regency Art Hotel’s Casino Taipa remained closed although the latter venue was ‘expected to resume operations later’ on Tuesday.