Tag Archives: SJM
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…
China – Macau Roosevelt could have 30 tables and 100 slots
Analyst Union Gaming believes the future Macau Roosevelt hotel to be based at the Macau Jockey Club will be allocated 25 to 35 gaming tables and 100 slots when it opens in Taipa the next few months. The casino, owned under licence by SJM but to be managed by Paradise Entertainment, will open alongside a…
China – SJM falls further in first quarter
Gaming revenue at Macau operator SJM Holdings fell by 5.3 per cent in the first quarter of 2017 to HK$10,389m. Profit however increased by 3.3 per cent over Q1 2016 to HK$580m. The increase was mainly due to increase in mass market gaming revenue. The Group’s gaming revenue accounted for 16.9 per cent of Macau’s…
Bahamas – Chow Tai Fook rules out STDM involvement in Baha Mar
Chow Tai Fook has stated that Macau operator Sociedade de Turismo e Diversões de Macau (STDM), would not be involved in the Baha Mar project in any way if its deal to purchase the property goes through. Former Baha Mar Director Dionisio D’Aguilar argued that CFTE was not suitable to invest in Baha Mar as…
Macau – SJM to triple the size of its Cotai plot
SJM Holdings Ltd., Asia’s biggest casino operator, plans to invest in land that will triple the size of its planned casino resort in Macau’s Cotai area. SJM, founded by gambling mogul Stanley Ho, will buy a stake in a neighbouring plot controlled by the mother of Ho’s youngest children, CEO Ambrose So said, without giving…
China – SJM maintains solid revenue increases
Sociedade de Jogos de Macau (SJM) Holdings has seen a 12 per cent increase in first-half net profit due to consistent demand from gamblers which pushed the profit higher than analysts’ expectations. The group, who operates 20 of Macau’s 35 casinos, reported net profit for the six months to June of HK$3.8bn (US$487m) up from…
