SJM to build casino resort at Cotai

Macau casino operator SJM has finally secured a piece of land at Cotai. It is the last to do so among the six gaming companies that are authorised to operate casino games in the enclave.

The flagship company of gaming tycoon Stanley Ho Hung-sun said last night it has accepted a land concession contract from the Macau government and plans to build a casino resort on the Cotai site.

"The board considers that the acceptance … represents a milestone development for the group," SJM said in a filing with the Hong Kong stock exchange.

via Business feed http://www.scmp.com/business/companies/article/1065422/sjm-build-casino-resort-cotai