That will change when SJM’s $5 billion Grand Lisboa Palace finally opens near Wynn Palace. Numerous delays have pushed back the opening of the massive integrated casino resort, and Morgan Stanley now says it likely won’t commence operations until early 2021.<\/p>\n
\nWith the delay in the opening of SJM Grand Lisboa Palace and Galaxy Phase 3 (both potentially opening in 1Q21), we see room growth staying closer to zero, thus hurting overnight visitor numbers to Macau,” Choudhary and Allen explained.<\/p>\n<\/blockquote>\n
Lisboa will be one of the largest resorts in all of Macau, with some 2,000 hotel rooms.<\/p>\n","protected":false},"excerpt":{"rendered":"
Macau casinos need more resort hotel rooms in order to satisfy the increasing demand from the mass market, according to a report. Gaming analysts at Morgan Stanley believe the enclave doesn’t currently have adequate room supply to accommodate the growing general public traveling to the casino hub. As a result, the financial services behemoth is […]<\/p>\n","protected":false},"author":25,"featured_media":115147,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,33810],"tags":[],"acf":[],"yoast_head":"\n
Macau Casinos Need More Hotel Rooms to Support Mass Market<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n