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Tag Archives: SJM

China – SJM Holdings changes name of its casino subsidiary to SJM Resorts

The Board of SJM Holdings has changed the name of its principal subsidiary, Sociedade de Jogos de Macau to SJM Resorts to better reflect its bueinss in the lead up to opening its new Grand Lisboa Palace resort in Coati, Macau. Daisy Ho, Chairman and Executive Director of SJM Holdings Limited, said: “The new name…

China – SJM and MGM have Macau licenses extended until 2022

The Macau government has kick-started its casino relicensing process by extending the licences held by SJM (Sociedade de Jogos de Macau) and MGM Grand Paradise to mid-2022 although there has been no indication to what might happen after this date. The new expiry date coincides with the expiry date of other concessionaires so that all…

China – SJM eyes Cotai opening as Macau share slides to 14.9 per cent

The opening of SJM’s Grand Lisboa Palace cannot come quick enough for the Macau operator who has been left behind in terms of market share in Cotai. Whilst net gaming revenue earned by Sociedade de Jogos de Macau was HK$33,677m in 2018, marking an increase of 8.3 per cent from the previous year, its growth…

China – SJM shows marked improvement but analysts ‘remain on the sidelines’

Sociedade de Jogos de Macau, (SJM Holdings) the operator who once ran every casino in Macau, has finally had something to shout about with its third quarter earnings although analysts gave a rather muted appraisal. SJM has been left behind somewhat with the migration of players to Cotai although it said: “Construction of the Grand…

China – SJM sees revenue, EBIDTA and profit all rise in first half

Market share continued to slide for Macau’s once casino monopoly holder Sociedade de Jogos de Macao (SJM) although the company was buoyant in the first half of 2018 with profit up 57 per cent. The group’s net gaming revenue, Adjusted EBITDA and profit attributable to owners of the company increased by 9.6 per cent, 29.9…

China – SJM at risk of losing some of its satellite casinos

Brokerage Sanford C Bernstein believes that the Macau government could offer licences currently exploited as satellite casinos with concessionaire operator SJM Holdings to its satellite partners. The analytical group believes that there is ‘little improvement possible’ for SJM, who has lost market share to rival casinos over the last decade. Eight years ago it accounted…

China – SJM loses more market share but remains confident of 2018 Cotai completion

Having seen its market share slide further to just 16.1 per cent in the fourth quarter of 2017, Sociedade de Jogos de Macau, said it was still on course to complete the construction of Grand Lisboa Palace this year. The operator, who for so long held a monopoly on casino gaming in Macau, said that…

China – SJM appoints Daisy Ho as Executive Director

Macau operator SJM Holdings has announced that that Daisy Ho Chiu Fung has been elected as an Executive Director of the Company at the 2017 AGM with effect from 13 June 2017. Ms. Ho, aged 52, was an appointed representative of Shun Tak Holdings Limited, which is a corporate director of STDM (the controlling shareholder…

China – Grand Lisboa Palace is ‘make or break’ for SJM

Brokerage firm Sanford C Bernstein has labelled Grand Lisboa Palace as ‘make or break’ for SJM holdings, the company that once held a monopoly on casino gaming in Macau. In a research report called ‘The competitive landscape in Macau – a look at the six gaming operators,’ Bernstein detailed a number of problems on the…