Casino operator SJM says gets green light for Cotai project

Macau casino operator SJM Holdings said the Macau government has given it the go-ahead for a project on the Cotai strip in the gambling hub and that the land concession contract was published in the official gazette of Macau on Wednesday.

In a filing to the Hong Kong bourse, SJM said the land concession contract permits the company to develop a complex comprising a five-star hotel with gaming areas, and allows it to operate and manage gaming operations at the Cotai project.

via Business feed http://www.scmp.com/business/money/market-snapshot/article/1238214/casino-operator-sjm-says-gets-green-light-cotai