Sociedade Jogos Macau Holdings (SJM)

    Website: http://www.sjmholdings.com/

    Email: pr@sjmholdings.com

    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.

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    Steve Kok

    Head of casino operations

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    Clean energy forum held in Macau

    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.

    Daisy Ho expects Q3 results to ride into next quarter

    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 […]
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    SJM Holdings Q3 misses estimates on weak VIP

    SJM Holdings reported lower-than-expected Q3 EBITDA as VIP gross gambling revenue tumbled 43 percent in the quarter.

    SJM valuation discount presents opportunity, but upside limited

    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 Grand Lisboa

    SJM H1 gaming revenue falls as VIP drags

    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.
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    Lisboa Palace opening delayed again

    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 says no plans to end Suncity relationship

    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 […]

    June GGR seen gaining 3-5 percent: Bernstein

    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.

    SJM formally signs China Duty Free accord for Cotai resort

    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.

    Tourist tax will affect city’s tourism: Ambrose So

    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 […]

    Industry legends inducted to Hall of Fame

    Two industry legends were inducted into the Asian Hall of Fame at the Asia Gaming Tree reunion dinner on Wednesday.

    Bay Area initiative tremendous opportunity for Macau, Ho says

    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.

    Slow ramp-up expected for Grand Lisboa Palace

    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 Q1 profit gains 16.5 percent driven by mass

    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.

    Macau Q1 earnings likely to surprise to the downside: MS

    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.

    Paul Baker appointed as president of Grand Lisboa Palace

    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 […]

    Fire at Hotel Lisboa caused by short circuit

    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.

    SJM provides benefits to SME restaurants affected by typhoon

    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 […]

    Construction activity could be related to gaming license play

    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 […]

    U.S. China trade war won’t affect Macau: Ambrose So

    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 […]

    Operators to launch joint shuttle bus service for HZMB

    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 ends era at SJM Holdings

    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 launches Macau Gaming History Gallery

    SJM Holdings has inaugurated a gallery designed to showcase the long history of gaming in Macau, as well as to promote responsible gambling.

    Sands, Melco, Galaxy to benefit most from rise of premium market

    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 […]

    Operators improve maternity/paternity benefits

    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 […]
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    SJM Q1 beats results, but market share slips

    SJM Holdings posted better-than-expected 18Q1 results, but its market share in Macau continued to slip as the Cotai Strip lures away clients.

    Melco, MGM outshine peers in Q3

    Melco Resorts & Entertainment and MGM China outperformed their peers in the latest reporting season, as the ramp up of new product offerings drove growth.

    Bright future seen for gaming 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.

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    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.

    No clarity in casino concession countdown

    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.

    Trade war creates headwinds for Macau gaming stocks

    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.
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