SJM bet is a sign of the times in Macau

Macau's only home-grown casino group is attempting to diversify its revenue base away from gambling with the Lisboa Palace, its debut project on the Cotai Strip.
Dr Ambrose So (third from left), chief executive of SJM, and Angela Leong, managing director (second from right), break ground on the Lisboa Palace
Dr Ambrose So (third from left), chief executive of SJM, and Angela Leong, managing director (second from right), break ground on the Lisboa Palace

The Wynn Macau has a mechanical dragon, the Galaxy Macau has a huge wave pool, and the Venetian Macau has, well, Venice.

The next wave of casinos in Asia's gambling capital will even have a replica of the Eiffel Tower while the ultra-luxury Louis XIII hotel will have a giant diamond encrusted in the roof.
 
But for now, SJM, Macau's only home-grown casino group founded by tycoon Stanley Ho has to make do with golden shovels.
 
Thursday saw the groundbreaking ceremony for...
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