SJM Holdings Ltd.  said it would pay $9.9 million to exercise options to buy two private jets it has been leasing from Credit Suisse for at least five years for use by VIP customers.

SJM will in turn be reimbursed by Jet Asia, which operates the planes and is selling the two and four others due to low demand. It has found a customer to buy four of the planes. Both SJM and Jet Asia are controlled by Sociedade de Turismo e Diversões de Macau SA.

The SeaDream II, a small casino-equipped, luxury cruise ship, is to stop over in Macau next March in a pioneering visit.

The trip will be US operator SeaDream Yacht Club's first to Asia. The SeaDream II carries just 112  passengers and the cruise will also stop in Thailand, Cambodia, Vietnam, Hong Kong and the Chinese port of Sanya.

Japan's SBI Holdings Inc. has exercised its option to require Success Universe Group Ltd. to buy back the indirect stake SBI bought in the Ponte 16 casino hotel in Macau in 2008 for HK$130 million ($16.8 million).

The budget for SJM Holdings Ltd.'s planned Cotai casino resort has risen to HK$25 billion ($3.2 billion) from HK$20 billion, executives indicated as they announced details of the Palazzo Versace hotel tower that will be included.

David Sisk has resigned as chief operating officer of Sands China Ltd., the company said without citing a reason. Andrew Billany, senior vice

president for premium services and the Plaza Casino, moved to SJM Holdings Ltd. in July as senior vice president for Cotai operations. The Wall Street Journal reported that Hugh Fraser has also resigned as vice president of casino operations to become general manager of gambling operations at The Star in Sydney.

Gaming profits for Paradise Entertainment Ltd. fell 23.4 percent in the first half of 2013 to HK$63.4 million ($8.2 million) despite a 27.3 percent

rise in segment revenues to HK$405.1 million. The company, which supplies gambling machines through its LT Game unit and operates the Casino Kam Pek Paradise, did not explain the divergence in announcing its results.

Macau gambling revenues rose 17.6 percent in August from a year before to 30.74 billion patacas ($3.92 billion), the second highest total ever,

according to figures from the Gaming Inspection and Coordination Bureau. The total was in line with analysts' estimates. Revenues for the year to date reached 231.7 billion patacas, up 16.2 percent from 2012. The current monthly record is the 31.34 billion patacas in turnover generated in March.

Amax Holdings Ltd. announced a three-way deal under which it stands to raise a net HK$9.3 million ($2 million). Ng Man-sun, chairman and chief executive, is to sell 11 million of his Amax shares through SBI E2-Capital to at least six investors, described as independent third parties, for 86 cents a share, and then the company will sell Ng 11 million new shares at the same price. The shares closed at HK$1 in the session before the announcement.

Gaming revenues for Macau Legend Development Ltd. climbed 19.2 percent in the first six months of 2013 to HK$623 million ($80.3 million) thanks to a 20.8 percent rise in mass table revenue. Profits from gaming at the Landmark Macau casino hotel and Macau Fisherman's Wharf rose 23.3 percent to HK$409 million. The company said a new VIP room with six tables opened last month in a renovated area of the Landmark and a partner would soon be chosen to run a second new VIP room as well.


Profits from the Hotel Lan Kwai Fong Macau for owner China Star Entertainment Ltd. rose 70.3 percent to HK$136.6 million ($17.6 million) as revenues rose 21.1 percent to HK$631.7 million driven by gains from mass market tables. Revenues from the company's investment in a VIP room operated by Ocho Sociedade Unipessoal Ltd. in the Grand Lisboa casino fell 57.4 percent to HK$3.69 million and the company took a HK$41 million writedown on the operation. China Star said Ocho has been losing customers and sub-junkets attracted to "other large and well-equipped new hotels and casinos".