Macau’s casino operators are likely to facing increasing margin pressure in 2017 as overall costs rise and promotional pressures gain with the uptick in VIP gaming, Morgan Stanley wrote in a note.
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.