SJM Holdings | South China Morning Post
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  • Mar 4, 2015
  • Updated: 8:45pm

SJM Holdings

SJM raises mass-market gaming table numbers

Ambrose So Shu-fai

SJM's chief executive, Ambrose So Shu-fai, said the minimum bet limit has been upgraded for about 10 per cent of SJM's gaming tables in the mass market since the beginning of this year. He said the minimum stake is adjusted regularly between high and low seasons.

Saturday, 1 June, 2013, 4:19am

Macau Legend to roll the dice on Hong Kong IPO

Macau Legend runs a casino at its Macau Fisherman's Wharf complex and is planning a Hong Kong initial public offering in the second quarter. Photo: Bloomberg

Macau Legend Development, a casino operator owned by former Macau lawmaker David Chow Kam-fai, aims to raise up to US$800 million in a Hong Kong initial public offering in the second quarter, according to people familiar with the situation.

4 Jan 2013 - 2:48am

Business Digest, December 5, 2012

SJM leads casinos' slide on junket curb worries

The Hong Kong Monetary Authority sold HK$3.875 billion on the foreign exchange market yesterday to weaken the Hong Kong dollar as the currency repeatedly hit the strong end of its trading range. Under the peg to the US dollar, the HKMA must intervene when the Hong Kong dollar hits 7.75 or 7.85, to maintain the trading band. 

5 Dec 2012 - 4:59am

SJM gets boost from mass-market

Macau casino operator SJM posted a 41.2 per cent jump in net profit for the third quarter, even though its gaming revenue fell 0.9 per cent year on year as mainland tourists tightened their belts.

Gaming revenue in the third quarter amounted to HK$18.9 billion while net profit was HK$1.66 billion.

16 Nov 2012 - 2:47am

SJM's net profit soars on high-stakes gambling

Macau casino operator SJM Holdings, controlled by the family of Stanley Ho Hung-sun, said net profit rose 85 per cent in the first three months of the year on surging high-stakes gambling volumes.

18 May 2011 - 12:00am

Corrections & clarifications

Yesterday's article headlined 'Third of Lisboa project may be residential units' wrongly attributed a HK$5 billion to HK$7 billion projected sales figure to an SJM Holdings executive. The estimate was based on appraisals by property analysts and did not come from the company. The error was introduced during the editing process.

16 Sep 2008 - 12:00am

SJM defies the odds to push US$1.5b stock offering

SJM Holdings, a casino company partly owned by gaming tycoon Stanley Ho Hung-sun, plans to launch an up to US$1.5 billion initial public offering this week in Hong Kong despite investor concerns about the company's falling revenue, development strategy and legal woes.

15 Jan 2008 - 12:00am

SJM Holdings wins nod for US$1b IPO

Interest in offering may be blunted by increasing rivalry in Macau's gaming industry

Casino operator SJM Holdings, partly owned by gaming tycoon Stanley Ho Hung-sun, has been given the clearance for its US$1 billion initial public offering in Hong Kong, according to a source close to the deal.

8 Jan 2008 - 12:00am