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Address: Suites 3001 - 3006, 30th Floor, One International Finance Centre, 1 Harbour View Street, Central, Hong Kong
SJM Holdings Limited is the holding company of Sociedade de Jogos de Macau and one of the six companies authorised to operate casino games in Macau. SJM is the only casino gaming concessionaire with its roots in Macau. The company has 17 casinos, mostly on Peninsula Macau. The flagship Grand Lisboa features more than 400 rooms.
Head of casino operations
Macau's six operators are expected to post a collective EBITDA loss of $823 million for Q3, improving from a loss of $1 billion in Q2, according to a Bloomberg poll of analysts.
Macau’s visitor tally for 2020 could see a year-on-year decline of over 90%, having already witnessed a decline of 87% in the first eight months, according to the Macau Government Tourism Organization.
The Macau Government nine-month tax revenue from the gaming industry fell 72.7 percent from the same period a year ago to MOP23.4 billion. That's 46.8 percent of the amount the government had projected to collect.
Macau might have an important role to play in the launch of China’s digital yuan if the city’s casinos adopt the currency instead of the Hong Kong dollar, according to analysts.
China is accelerating the launch of the digital yuan in the Greater Bay Area with a special pilot in Shenzhen.
Macau-related casino stocks took a hit on the news that China's legislature was reviewing an amendment to the country's criminal law that could establish a new criminal definition for overseas gambling operations aimed at luring Chinese citizens.
SJM Holdings informed prospective employees at the recent job fair that December 20 was the tentative date for the opening of the much-delayed Grand Lisboa Palace in Cotai, according to the Macau News Agency. Those selected to become employees are expected to begin their duties next month in preparation for the opening. SJM Holdings itself […]
The children of the late King of Gambling, Stanley Ho, are continuing to fight over his fortune, with his oldest daughter becoming the latest to register an interest in his estate.
Shares in Macau’s six casino operators were sharply higher Monday after the Macau government announced the long-awaited news that individual visit scheme visas would be renewed from August 12.
The Macao Government Tourism Office (MGTO) has awarded a four-star hotel license to the new Lisboeta Hotel in Cotai. The hotel has been developed by Macau Theme Park and Resorts Limited, a company led by the 27-year-old Arnaldo Ho, son of Stanley Ho and SJM Holdings Managing Director Angela Leong. The hotel is located next […]
SJM Holdings said it doesn’t expect its revenues to return to their pre-crisis levels this year and at present it’s not possible to predict how long the Covid-19 pandemic will continue to affect its business.
Macau’s “king of gambling,” Dr Stanley Ho, will be laid to rest at a funeral in Hong Kong on Friday after a public vigil on Thursday.
Macau’s six operators are likely to post the worst quarterly performance ever in Q2, with the focus likely to be on who has done the most to control operating expenditures during the period, Morgan Stanley reports in a note.
Frank McFadden has been appointed Chief Operating Officer for Gaming and Hospitality of SJM Holdings, replacing the recently-resigned Ng Chi Sing. According to an internal memo signed by SJM Chair Daisy Ho, McFadden will be mainly responsible for the casinos in Grand Lisboa, Hotel Lisboa, Ponte 16, and Jai Alai, plus the group’s hospitality services, […]
Following its annual board meeting on Tuesday, SJM Holdings has announced the resignation of Ng Chi Sing as chief operating officer and executive director, effective June 9, 2020. According to a filing to the Hong Kong Stock Exchange, Mr. Ng will be redesignated as non-executive director of the company from June 10, 2020. He had […]
The death of Stanley Ho is not expected to have any impact on SJM Holdings’ operations, given Ho’s limited involvement in the business since 2009, say analysts. Bernstein analysts note that the gaming mogul had effectively removed himself from SJM as early as 2009 after suffering a head injury and a series of brain surgeries. […]
SJM Holdings reported on Tuesday a net loss of HK$409 million (US$53 million) in its unaudited 20Q1 financial report to the Hong Kong Stock Exchange, which represented a year-on-year decrease of more than 148 percent. Explaining that the company was “severely impacted by the Covid-19 outbreak,” GGR plummeted by just over 62 percent year-on-year. Vice-Chairman […]
Sociedade de Jogos de Macau, S.A (SJM) is supporting the SEN Learning Program launched by the Macau Special Olympics aimed at offering extra learning support to students with special education needs, in response to the Education and Youth Affairs Bureau’s initiative to encourage students to continue learning amid class suspension during the pandemic. The Programme […]
SJM Holdings posted a 12.5 percent gain for 2019 and said it was in a solid position to weather the challenges posed by the Covid-19 outbreak.
SJM has announced the donation of 3,000 “Macau Jiayou Bags” which are worth MOP1.5 million (US$200,000) to Macau’s neediest people. Each bag contains rice, noodles, oatmeal, canned food, toilet paper, masks, hand sanitizers, and other daily necessities. The bags will be distributed to 3,000 needy families in Macau, including the elderly, single-parent families, the chronically […]
Sociedade de Jogos de Macau, S.A. (SJM) announced a donation of MOP20 million (US$2.5 million) to aid coronavirus control and relief efforts in Hubei province, including purchasing the much-needed medical supplies and protective equipment. The donation was made under the coordination of the Liaison Office of the Central People’s Government in the Macau SAR. Ms. […]
The Macau government is set to ignore a clause in the concession contract of SJM and MGM, which requires the companies to hand over casino and gaming equipment to the government in March next year. According to a report from Gambling Compliance, under the concession contract, each of Macau’s concessionaires is required to ‘automatically revert’ […]
The 8th International Forum on Clean Energy (IFCE) was held in Macau on Wednesday, bringing together over two hundred representatives from government, industry, and academia from around the world to discuss about the green development of the Guangdong-Hong Kong-Macao Greater Bay Area.
Chairman and executive director of SJM Holdings, Daisy Ho said that the company is confident the positive results it recorded in 19Q3 will continue for the rest of the year, Macau Business reports. The company saw profits increase 4.5 percent year-on-year in 19Q3, despite net gaming revenue falling 3.2 percent, driven by a 43 percent […]
SJM Holdings reported lower-than-expected Q3 EBITDA as VIP gross gambling revenue tumbled 43 percent in the quarter.
SJM Holdings will likely continue to trade at a valuation discount compared to its intrinsic value and that of the other Macau operators, but Bernstein analysts have stopped short of becoming bullish on the stock. In a note sent by Bernstein analysts on Thursday, the brokerage noted that the delay in Grand Lisboa Palace and […]
SJM Holdings reported a 0.7 percent decline in H1 gaming revenue, as growth in the mass market failed to offset a 25 percent drop in VIP revenue.
SJM Holdings has pushed back the completion date of its Lisboa Palace resort on Cotai again, this time until about March next year, according to media reports.
SJM Holdings CEO Ambrose So said it sees no reason to suspend the group’s contract with junket operator Suncity, despite recent allegations that the junket had engaged in illegal online gaming operations. According to a report from TDM-News, the head of SJM said it viewed the recent controversy as not having an effect on the […]
Gross gaming revenue in June is expected to be lower than in the prior two months, but should still gain between 3 and 5 percent, according to analysts at Bernstein Research.
Sociedade de Jogos de Macau and China Duty Free Group Co said they have signed a binding agreement for the retailer to open a flagship outlet at Grand Lisboa Palace once it opens on the Cotai strip.
SJM chief executive officer Ambrose So said he believes a tourism tax imposed on visitors will “certainly affect the city’s tourism,” local media reports. Last week, the Macau Government Tourism Office (MGTO) made an announcement that it is currently studying whether to impose a tourism tax amidst concern the territory may not be able to […]
Two industry legends were inducted into the Asian Hall of Fame at the Asia Gaming Tree reunion dinner on Wednesday.
SJM Holdings Chair and Executive Director Daisy Ho gave the opening address at the G2E Asia gaming show on Tuesday, predicting a bright future for Macau as an integral part of China’s Greater Bay Area plan.
SJM’s Grand Lisboa Palace will suffer from s slow ramp up, and likely fall behind schedule for its opening, according to Bernstein analysts in a note on Tuesday. While the Cotai property is scheduled to open in late 2019, Bernstein analysts said they have already modeled for the property to open in the first quarter […]
SJM Holdings said Q1 profit rose 16.5 percent over the prior year to HK$850 million ($108.3 million), driven by mass market revenue.
The earnings of Macau’s six operators may produce some negative surprises amidst higher staff costs, higher reinvestment rates and slowing revenue growth, Morgan Stanley forecasts.
Casino operator SJM Holdings has announced the appointment of Paul Baker as the new president of Grand Lisboa Palace, which is expected to open in 19H2. According to reports, Baker took over as president of the IR on October 1, having spent the last four years as the deputy chief operating officer of Resorts World […]
A fire that broke out at SJM Holding’s Hotel Lisboa was caused by a short circuit and brought under control within five minutes, local media reports.
Macau casino operator SJM will launch a new campaign on August 6 to support local eateries in the San Ma Lou and Inner Harbour Area affected by last year’s Typhoon Hato. The campaign aims to reflect the Macau SAR Government’s policy on local SMEs, while promoting Macau’s culinary culture in support of the “2018 Macau […]
A recent uptick in construction activity from gaming-related companies could be a play for a 7th or 8th gaming license, said Union Gaming in their latest “Macau pipeline in pictures” report. On Monday, the brokerage highlighted several projects that “are likely to be used as leverage as it relates to the issuance of a 7th […]
The ongoing ‘trade war’ between the U.S. and China will unlikely have any effect on Macau’s GDP, said SJM executive director and CEO Ambrose So Shu Fai on Thursday, Macau Business reports. Mr. So was speaking on the sidelines of an event on Thursday, explaining that there won’t likely be an effect on MAcau as […]
Macau gaming operators are planning to launch a joint shuttle bus service which will transport customers along the Hong Kong-Zhuhai-Macau bridge, local media reports. According to a report from TDM News, SJM vice-chairman and CEO Ambrose So said the service will run from the bridge’s checkpoint building to the ferry terminal and other locations […]
Stanley Ho, known as the king of gambling, has formally retired from his post as chairman of SJM Holdings, ending a six-decade career in Macau’s gambling industry.
SJM Holdings has inaugurated a gallery designed to showcase the long history of gaming in Macau, as well as to promote responsible gambling.
Macau gaming operators Sands, Melco and Galaxy are best placed to capitalize on the rise of the Chinese premium market, according to Bernstein Research. The brokerage published its latest report, titled “China Consumer: Where to Play, How to Win… Premium is the New Mainstream,” on Friday, covering the latest trends in premium mass spending, preferences […]
Melco Resorts & Entertainment, Sands China, MGM China and SJM Holdings have improved maternity and paternity leave benefits for employees. At Melco, paid maternity leave will be extended from 8 weeks to 10 weeks from June 1st, while paid paternity leave will go from 3 (or 24 hours) to 5 days (or 40 hours) for […]
SJM Holdings posted better-than-expected 18Q1 results, but its market share in Macau continued to slip as the Cotai Strip lures away clients.
As the Covid-19 crisis descended upon, first, China, then the world, the six Macau operators have not been idle in their CSR efforts, in spite of the mandated casino closures and reopenings under difficult economic conditions.
Macau’s operators have stepped up their corporate social responsibility (CSR) efforts in recent years, in particular when it comes to China cultural cooperation, which may help their case when it comes to concession renewal.
Melco Resorts & Entertainment and MGM China outperformed their peers in the latest reporting season, as the ramp up of new product offerings drove growth.
Despite short-term headwinds from China’s slowing economy and trade friction with the U.S., analysts remain optimistic Macau will retain its crown as Asia’s top gaming hub.
Besides being titans in the casino world, there’s something else that Sheldon Adelson, Stanley Ho, Lim Kok Thay and Steve Wynn have in common and this factor may lead to important regulatory repercussions for their business empires.
The first of Macau’s six casino concessions expire in less than 18 months, though the operators who have invested billions in the territory still have no clarity as to how, or even if, those licenses to operate will be renewed.
Macau gaming stocks are feeling the heat from the trade war between the U.S. and China, falling to their lowest levels in a year, with some analysts cutting their growth forecasts on concern for a slowdown in China’s economy.