Asia
SJM Holdings Denies Interest in Developing Casino in Vietnam
SJM Holdings has denied the rumour that it is seeking approval to develop a casino complex in Quy Nhon city.
Jonathan Pyne, chief legal counsel at SJM Holdings, said the company is not involved in any casino project in Vietnam and that its sole casino operations are in Macau.
According to some websites, SJM Holdings was seeking to develop a US$6bn resort and casino complex project in Quy Nhon city.
SJM Holdings hopes to open Grand Lisboa Palace in Q3. Although the company wanted to open the Grand Lisboa Palace in May or June, the date has been pushed back to the third quarter of the year. The delay is due to the approval of the Macao Government Tourism Office (MGTO) and Gaming Inspection and Coordination Bureau (DICJ) Occupancy Permit (OP).
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