Land acquired by SJM for casino in Cotai

19 October 2012

MACAO -- SJM has agreed a deal with the Macau government for land to build its Cotai casino on, Bloomberg reported.

SJM Holdings will shell out $269 million on which a casino and 2,000 room hotel will be built, the report said.

SJM is the fifth company approved this year to build casinos on the Cotai strip, Bloomberg reported.

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