May 15, 2013 / 4:31 AM / 5 years ago

Casino operator SJM says gets green light for Cotai project

HONG KONG, May 15 (Reuters) - Macau casino operator SJM Holdings Ltd 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.

SJM said it intended to build and operate a casino resort containing about 700 gaming tables and 1,000 slot machines and about 2,000 hotel rooms.

For statement clicks here

Reporting by Donny Kwok; Editing by Anne Marie Roantree

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