Days Are Numbered For Macau's Hotel Lisboa
Strike up the band and get out the dynamite, SJM has announced that the venerable Hotel Lisboa - the landmark of Macau - will be closed sometime in the next two years. A new, as yet unnamed nor financed property will be built on Hotel Lisboa's footprint. (De)construction is planned to begin in 2009 and the new joint will be open in 2012.
Is this the first major casino closure and redevelopment in Macau?