The casino operator said the loan was to allow the company to “invest in its principal subsidiary,” SJM Resorts SA, which holds the rights to one of Macau’s six gaming concessions. The exercise was “part of the increase in share capital which SJM Resorts is required to have to pre-q...
He was also cited as indicating the current scale of the Macau gaming industry was sufficient to support the financial expenses of the city’s government. Macau gets most of its public revenue from the nearly-40 percent effective tax on casino gross gaming revenue. The CEO was said to have ...
a land reclamation zone some distance from the city’s traditional downtown gaming district. Some of SJM Holdings’ market competitors have already embarked onexpansion plansfor Cotai resorts that opened either only months ago or a few years ago. Expansion of hotel capacity has been a focus ...
Most of the existing Macau satellite venues rely on SJM Holdings’ licence, although Galaxy Entertainment Group Ltd – at Casino Waldo, Rio Casino and Casino President – and Melco Resorts and Entertainment Ltd – at Casino Taipa Square – also share their respective licences with third-party hote...
He had announced the Lisboeta Macau project, and presented it in his capacity as a director of Macau Theme Park and Resorts. In comments made to local media in June, SJM Holdings’ CEO Mr So hadacknowledged the possibilityof gaming being offered at Lisboeta Macau, under a so-called service...
After the removal of Wynn Macau and SJM Holdings, three Macau-based gaming operators will remain on the index: Galaxy Entertainment Group Ltd, Sands China Ltd, and Melco Resorts and Entertainment Ltd. Another local casino firm, MGM China Holdings Ltd, was removed from the index...