SJM, Angela Leong still in Cotai talks
Casino concessionaire SJM Holdings Ltd and one of its executive directors Angela Leong On Kei are still in talks about new entertainment facilities on Cotai said SJM’s chief executive last night.
Ambrose So Shu Fai told Business Daily: “We are discussing the form of cooperation still, but the intention is there. There are various forms that we are exploring.”
SJM only received its Cotai land concession from the government in May this year, but is hoping to open a facility by 2018 at the latest – two years before its current concession expires. Its Cotai plot is only 70,500 square metres (759,000 sq. feet), while local legislator Ms Leong – fourth consort of SJM’s founder Stanley Ho Hung Sun – has a plot next door of 180,000 sq. ms.
Asked whether SJM would have a problem if convicted gangster Wan Kuok Koi became a shareholder in a junket operation in a casino licensed by SJM, Mr So stated: “I think the Macau government has made it very clear that it will treat every junket application in a fair and equitable way. So if anybody gets a licence I don’t see any problem for any of the concessionaires to allow a junket operator which is approved by the Macau government to operate.”
Mr So was speaking on the sidelines of an SJM Scholarship Award ceremony.