Tag Archives: SJM Holdings
China – Record breaking SJM unveils Lisboa Palace
As it broke ground on its latest project in Cotai, Macau’s biggest casino operator; SJM Holdings, has reported growth of 14 per cent in net profit for 2013, beating analysts’ predictions and surpassing its previous results. Net profit in 2013 came in at HK$7.7bn ($992m) up from HK$6.7bn in 2012, beating forecasts of HK$7.6bn from…
China – SJM kick-starts Cotai casino project
Sociedade de Jogos de Macau (SJM) has started work on its latest casino project in Macau, breaking ground on its US$3.9bn Lisboa Palace, its first development in the Cotai area. The French-themed Lisboa Palace will offer 700 tables and 1,200 slots. Set to open in 2017, it will have three hotels with more than 2,500…
China – SJM to bring tables back to Macau Jockey Club
Sociedade de Jogos de Macau is looking to reopen the gaming floor at its Macau Jockey Club having closed it almost a decade ago. The Jockey Club’s previous casino was operational only on race days when it offered a handful of tables and slots before being relocated in 2004 to the Grandview Hotel. The Expectations…
China – Jai Alai Palace to become SJM ‘hybrid’
SJM Holdings has agreed a deal with Angela Leong On Kei, the mother of Stanley Ho’s youngest children, to rent space within Casino Jai Alai Palace on the Macau peninsula. SJM had previously described Casino Jai Alai as a ‘self-promoted’ casino operating ‘under the same license’ as Casino Oceanus. However this latest deal calls into…
China – Record quarter at SJM despite ongoing renovations
Renovations at existing properties dented expected revenues for Macau casino operator SJM in the third-quarter although profit still grew by an impressive 10.3 per cent year on year to HK$1.82bn. The operator closed its Oceanus casino in February to begin HK$600m renovations whilst its Grand Lisboa, Casino Lisboa and Jai Alai operations have stayed open…
China – Versace to lend its eye for fashion eye to SJM
Italian fashion house Versace is to design a casino for Macau operator Sociedade de Jogos de Macau. SJM confirmed the deal with Gianni Versace on its website saying the two companies had signed an agreement to open a hotel bearing the trademark Palazzo Versace as part of SJM’s integrated casino resort in Cotai, Macau. Palazzo…
