Tag Archives: SJM Holdings
China – Analysts concerned over SJM’s lack of expertise in premium mass gaming
Having delayed the opening of Grand Lisboa Palace again this time to late 2020, Macau operator SJM Holding has been put under the microscope by analysts at Sanford C Bernstein, who believe the property could struggle to compete on Cotai due to SJM’s lack of experience in premium mass gaming. SJM has also confirmed that…
China – Lack of Cotai presence continues to hinder SJM
The prolonged lack of a presence on Macau’s Cotai Strip has hit the revenues of Sociedade de Jogos de Macau further with net gaming revenue falling by 0.7 per cent and market share slipping to 14.1 per cent. The company said: “Construction of the Grand Lisboa Palace, the Group’s integrated resort on Cotai, continued in…
China – Macau VIP revenues sink for SJM Holdings
SJM Holdings, once the monopolist force in Macau gaming, lost more market share in the first quarter as gaming revenue plateaued despite a surge by mass gaming revenues. The group’s VIP gross gaming revenue fell sharply to HK$3,935m, a decrease of 19.4 per cent whilst mass market gross gaming revenue was HK$6,193m, an increase of…
China – Pansy Ho and Timothy Fok take control of SJM
Pansy Ho, co-chair of MGM China, and the Henry Fok Foundation have bought more shares in Macau operator Sociedade de Turismo e Diversões de Macau (the controlling shareholder of SJM Holdings) giving them a 53 per cent, majority control in the company founded by her father; Stanley Ho. The deal done via Ms Ho’s Shun…
China – SJM’s profit improves despite market share falling again
With its share of the Macau gaming market falling further to a record low of 14.7 per cent, the once monopolistic force of SJM Holdings would have been delighted to at least post an increase during the first quarter of the year. The company, which is still working on opening its first casino in Cotai,…
China – Stanley Ho to step down as Chairman of SJM
The ‘founding father’ of Macau’s casino industry, Dr Stanley Ho, will step down from his role as Chairman and Executive Director of SJM Holdings in June. SJM, who once held the monopolistic rights to operate casinos in Macau has seen its market share slip to 16.1 per cent in 2017 following the opening of the…
China – Macau celebrates a year of monthly gains
Macau’s casino sector has celebrated a year of monthly gains with July’s GGR of US$2.86bn marking a jump of 29 per cent year-on-year, the biggest monthly increase 12 consecutive months of growth. Analysts believe that a resurgence in VIPs spend, helped by improved junkets, along with the opening of new casinos is driving revenues. GGR…
China – SJM confirms tough 2016 by losing market share
The company that once held the monopoly for gaming in Macau; SJM Holdings saw its GGR, profit and market share all fall in 2016. GGR dropped by 14.5 per cent over the year to HKD 41.3bn ($5.3bn), profit fell 5.6 per cent to HKD 2.3bn whilst market share dropped from 21.7 per cent in 2015…
China – SJM reactivates Taipa licence
SJM Holdings has re-opened its Casino Taipa in the Regency Art Hotel for the first time in eight years. The small property is located in Taipa, close to Altira Macau, and houses five gaming tables and 112 electronic gaming seats. It closed in 2008 before the development of Taipa as a gaming strip. Union Gaming…
