https://www.scmp.com/rss/521567/feed Chairwoman, Executive Director, SJM Holdings Ho, the second daughter of the late Macau casino magnate Stanley Ho with his second wife Lucina Laam King Ying, is the Chairwoman and Executive Director of one of Macau’s integrated resort operators SJM Holdings. She graduated in finance from the University of Toronto and marketing from the University of Southern California. She joined SJM’s board in 2018, succeeding her father. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Mia Castagnone,Peggy Sito Mia Castagnone,Peggy Sito Macau’s government has renewed the concession periods of the city’s six incumbent gambling concessionaires for another 10 years, rejecting the Malaysian tycoon Lim Kok Thay’s surprise bid break into the world’s largest casino hub. MGM Grand Paradise Limited, Galaxy Casino Company, Venetian Macau, Melco Resorts Macau, Wynn Resorts Macau and SJM Resorts were awarded the six concessions, starting from January 1, 2023 through December 31, 2033, according to a statement by the territory’s... https://www.scmp.com/business/companies/article/3201080/macau-rejects-malaysias-genting-renewing-six-casino-licences-incumbent-operators?utm_source=rss_feed https://www.scmp.com/business/companies/article/3201080/macau-rejects-malaysias-genting-renewing-six-casino-licences-incumbent-operators?utm_source=rss_feed Sat, 26 Nov 2022 03:52:12 +0000 Martin Choi,Peggy Sito,Mia Castagnone Martin Choi,Peggy Sito,Mia Castagnone Seven companies conducted a beauty parade before Macau’s authorities in a closely watched contest for the right to operate half a dozen casino licences in the world’s largest gambling hub. The seven companies comprised all six existing casino operators whose current licenses are due to expire on December 31, plus a wild card bid by GMM Limited, a subsidiary of Malaysian casino operator Genting Malaysia, which is controlled by local tycoon Lim Kok Thay. The bids were presented to the Committee... https://www.scmp.com/business/article/3192707/seven-operators-vie-six-macau-casino-licences-bids-open-worlds-gambling?utm_source=rss_feed https://www.scmp.com/business/article/3192707/seven-operators-vie-six-macau-casino-licences-bids-open-worlds-gambling?utm_source=rss_feed Fri, 16 Sep 2022 06:00:33 +0000 Peggy Sito Peggy Sito The last-minute bid by Malaysian billionaire Lim Kok Thay for a Macau gaming licence has rattled stock investors. His entry into the fray means seven casino operators are vying for just six new concessions, which raises the prospect of one of Macau’s established licence holders being run out of town by a newcomer. “This is a negative surprise,” said Morgan Stanley in a report. Macau casino stocks fell on Thursday, with Wynn Macau closing almost 7 per cent lower, as investors grew concerned that... https://www.scmp.com/business/companies/article/3192648/malaysian-tycoon-lim-kok-thays-bid-casino-licence-has-traders?utm_source=rss_feed https://www.scmp.com/business/companies/article/3192648/malaysian-tycoon-lim-kok-thays-bid-casino-licence-has-traders?utm_source=rss_feed Fri, 16 Sep 2022 00:15:11 +0000