Sociedade Jogos Macau Holdings (SJM)


    Email: [email protected]

    Address: Suites 3001 - 3006, 30th Floor, One International Finance Centre, 1 Harbour View Street, Central, Hong Kong

    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.


    Steve Kok

    Head of casino operations

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    SJM partners with Macau govt. in Hangzhou roadshow

    Sociedade de Jogos de Macau partnered with the Macau Government to support a mega “Macao Week in Hangzhou” roadshow from March 26 to 29.

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    SJM now eyes Q2 debut for Lisboa Palace; 2020 results disappoint

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    SJM sees beginnings of recovery in Q4, posts 2020 loss

    SJM Holdings said it had seen the beginnings of a recovery in Q4, after reporting a 78 percent drop in revenue for 2020 and swinging to an adjusted EBITDA loss of HK$3.02 billion.

    All six Macau operators offering staff bonuses

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    SJM enters purchase agreements on senior notes

    SJM Holdings has announced it has entered into two purchase agreements for US$1 billion in US dollar-denominated senior notes intended to assist in repaying bank loans connected to the Grand Lisboa Palace project.

    Fitch assigns SJM’s proposed note issue BB+ with negative outlook

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    SJM awards living subsidies allowance to employees

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    SJM appoints former Sands executive Toh Hup Hock as CFO

    SJM Holdings has appointed Toh Hup Hock as chief financial officer, replacing Robert Earle McBain who is retiring. Toh joined SJM in October, prior to which he was CFO of Shangri-La-Asia and Sands China.

    SJM Holdings cancels New Year countdown in Macau

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    Kingston Financial reports Macau gaming operations swing to loss

    Kingston Financial posted HK$13.5 million loss from its Macau gaming business in the six months to end-September, down 106 percent from the prior-year period. The group also announced it is extending its casino service contract with SJM Holdings for a further two years to June 2022.

    SJM’s Grand Lisboa may hit 50% occupancy in December

    Grand Lisboa’s occupancy rate could reach about 50 per cent next month, its manager, Henry Kong Fuk Leung, said, explaining that Mainland Chinese may be attracted by the more festive atmosphere in Macau.
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    Grand Lisboa Palace ramp up likely to be slow: Union Gaming

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    SJM expected to partially open Lisboa Palace in Q1

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    Macau government sees GGR of just US$16.2 billion in 2021

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    Signs of silver linings 

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    Macau hotel occupancy rate now at 40%: MGTO

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    SJM posts HK$1 billion Q3 loss, but sees green shoots of recovery

    SJM Holdings reported a loss attributable to shareholders of HK$1.03 billion ($132.8 million) in Q3, compared with a profit of $738 million a year earlier, but said it has seen signs of a pick up towards the end of the quarter.

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    Macau operators’ Q3 EBITDA loss to narrow to US$823 million

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    SJM doesn’t expect revenue recovery in 2020

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    Stanley Ho’s passing should not have impact on SJM: Analysts

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    SJM reports net loss of US$53 million in 20Q1

    SJM Holdings reported on Tuesday a net loss of HK$409 million (US$53 million) in its unaudited 20Q1 financial report to the Hong Kong Stock Exchange, which represented a year-on-year decrease of more than 148 percent. Explaining that the company was “severely impacted by the Covid-19 outbreak,” GGR plummeted by just over 62 percent year-on-year. Vice-Chairman […]

    SJM supports Macau Special Olympics’ SEN learning program

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    SJM reports 12.5% profit gain for 2019

    SJM Holdings posted a 12.5 percent gain for 2019 and said it was in a solid position to weather the challenges posed by the Covid-19 outbreak.

    SJM donates food and daily goods to the poor

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    SJM donates MOP20 million to aid coronavirus control in Hubei

    Sociedade de Jogos de Macau, S.A. (SJM) announced a donation of MOP20 million (US$2.5 million) to aid coronavirus control and relief efforts in Hubei province, including purchasing the much-needed medical supplies and protective equipment.  The donation was made under the coordination of the Liaison Office of the Central People’s Government in the Macau SAR. Ms. […]

    Govt to ignore gaming equipment reversion clause

    The Macau government is set to ignore a clause in the concession contract of SJM and MGM, which requires the companies to hand over casino and gaming equipment to the government in March next year. According to a report from Gambling Compliance, under the concession contract, each of Macau’s concessionaires is required to ‘automatically revert’ […]

    Clean energy forum held in Macau

    The 8th International Forum on Clean Energy (IFCE) was held in Macau on Wednesday, bringing together over two hundred representatives from government, industry, and academia from around the world to discuss about the green development of the Guangdong-Hong Kong-Macao Greater Bay Area.

    Daisy Ho expects Q3 results to ride into next quarter

    Chairman and executive director of SJM Holdings, Daisy Ho said that the company is confident the positive results it recorded in 19Q3 will continue for the rest of the year, Macau Business reports.  The company saw profits increase 4.5 percent year-on-year in 19Q3, despite net gaming revenue falling 3.2 percent, driven by a 43 percent […]
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    SJM Holdings Q3 misses estimates on weak VIP

    SJM Holdings reported lower-than-expected Q3 EBITDA as VIP gross gambling revenue tumbled 43 percent in the quarter.

    SJM valuation discount presents opportunity, but upside limited

    SJM Holdings will likely continue to trade at a valuation discount compared to its intrinsic value and that of the other Macau operators, but Bernstein analysts have stopped short of becoming bullish on the stock.  In a note sent by Bernstein analysts on Thursday, the brokerage noted that the delay in Grand Lisboa Palace and […]
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    SJM H1 gaming revenue falls as VIP drags

    SJM Holdings reported a 0.7 percent decline in H1 gaming revenue, as growth in the mass market failed to offset a 25 percent drop in VIP revenue.
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    Lisboa Palace opening delayed again

    SJM Holdings has pushed back the completion date of its Lisboa Palace resort on Cotai again, this time until about March next year, according to media reports.

    SJM says no plans to end Suncity relationship

    SJM Holdings CEO Ambrose So said it sees no reason to suspend the group’s contract with junket operator Suncity, despite recent allegations that the junket had engaged in illegal online gaming operations. According to a report from TDM-News, the head of SJM said it viewed the recent controversy as not having an effect on the […]

    June GGR seen gaining 3-5 percent: Bernstein

    Gross gaming revenue in June is expected to be lower than in the prior two months, but should still gain between 3 and 5 percent, according to analysts at Bernstein Research.

    SJM formally signs China Duty Free accord for Cotai resort

    Sociedade de Jogos de Macau and China Duty Free Group Co said they have signed a binding agreement for the retailer to open a flagship outlet at Grand Lisboa Palace once it opens on the Cotai strip.

    Tourist tax will affect city’s tourism: Ambrose So

    SJM chief executive officer Ambrose So said he believes a tourism tax imposed on visitors will “certainly affect the city’s tourism,” local media reports. Last week, the Macau Government Tourism Office (MGTO) made an announcement that it is currently studying whether to impose a tourism tax amidst concern the territory may not be able to […]

    Industry legends inducted to Hall of Fame

    Two industry legends were inducted into the Asian Hall of Fame at the Asia Gaming Tree reunion dinner on Wednesday.

    Bay Area initiative tremendous opportunity for Macau, Ho says

    SJM Holdings Chair and Executive Director Daisy Ho gave the opening address at the G2E Asia gaming show on Tuesday, predicting a bright future for Macau as an integral part of China’s Greater Bay Area plan.

    Slow ramp-up expected for Grand Lisboa Palace

    SJM’s Grand Lisboa Palace will suffer from s slow ramp up, and likely fall behind schedule for its opening, according to Bernstein analysts in a note on Tuesday. While the Cotai property is scheduled to open in late 2019, Bernstein analysts said they have already modeled for the property to open in the first quarter […]

    SJM Q1 profit gains 16.5 percent driven by mass

    SJM Holdings said Q1 profit rose 16.5 percent over the prior year to HK$850 million ($108.3 million), driven by mass market revenue.

    Macau Q1 earnings likely to surprise to the downside: MS

    The earnings of Macau’s six operators may produce some negative surprises amidst higher staff costs, higher reinvestment rates and slowing revenue growth, Morgan Stanley forecasts.

    Paul Baker appointed as president of Grand Lisboa Palace

    Casino operator SJM Holdings has announced the appointment of Paul Baker as the new president of Grand Lisboa Palace, which is expected to open in 19H2. According to reports, Baker took over as president of the IR on October 1, having spent the last four years as the deputy chief operating officer of Resorts World […]

    Fire at Hotel Lisboa caused by short circuit

    A fire that broke out at SJM Holding’s Hotel Lisboa was caused by a short circuit and brought under control within five minutes, local media reports.

    SJM provides benefits to SME restaurants affected by typhoon

    Macau casino operator SJM will launch a new campaign on August 6 to support local eateries in the San Ma Lou and Inner Harbour Area affected by last year’s Typhoon Hato. The campaign aims to reflect the Macau SAR Government’s policy on local SMEs, while promoting Macau’s culinary culture in support of the “2018 Macau […]

    Construction activity could be related to gaming license play

    A recent uptick in construction activity from gaming-related companies could be a play for a 7th or 8th gaming license, said Union Gaming in their latest “Macau pipeline in pictures” report. On Monday, the brokerage highlighted several projects that “are likely to be used as leverage as it relates to the issuance of a 7th […]

    U.S. China trade war won’t affect Macau: Ambrose So

    The ongoing ‘trade war’ between the U.S. and China will unlikely have any effect on Macau’s GDP, said SJM executive director and CEO Ambrose So Shu Fai on Thursday, Macau Business reports. Mr. So was speaking on the sidelines of an event on Thursday, explaining that there won’t likely be an effect on MAcau as […]

    Operators to launch joint shuttle bus service for HZMB

    Macau gaming operators are planning to launch a joint shuttle bus service which will transport customers along the Hong Kong-Zhuhai-Macau bridge, local media reports.   According to a report from TDM News, SJM vice-chairman and CEO Ambrose So said the service will run from the bridge’s checkpoint building to the ferry terminal and other locations […]

    Stanley Ho ends era at SJM Holdings

    Stanley Ho, known as the king of gambling, has formally retired from his post as chairman of SJM Holdings, ending a six-decade career in Macau’s gambling industry.

    SJM launches Macau Gaming History Gallery

    SJM Holdings has inaugurated a gallery designed to showcase the long history of gaming in Macau, as well as to promote responsible gambling.

    Sands, Melco, Galaxy to benefit most from rise of premium market

    Macau gaming operators Sands, Melco and Galaxy are best placed to capitalize on the rise of the Chinese premium market, according to Bernstein Research. The brokerage published its latest report, titled “China Consumer: Where to Play, How to Win… Premium is the New Mainstream,” on Friday, covering the latest trends in premium mass spending, preferences […]

    Operators improve maternity/paternity benefits

    Melco Resorts & Entertainment, Sands China, MGM China and SJM Holdings have improved maternity and paternity leave benefits for employees. At Melco, paid maternity leave will be extended  from 8 weeks to 10 weeks from June 1st, while paid paternity leave will go from 3 (or 24 hours) to 5 days (or 40 hours) for […]
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    SJM Q1 beats results, but market share slips

    SJM Holdings posted better-than-expected 18Q1 results, but its market share in Macau continued to slip as the Cotai Strip lures away clients.

    Macau operators make CSR push amidst coronavirus crisis

    As the Covid-19 crisis descended upon, first, China, then the world, the six Macau operators have not been idle in their CSR efforts, in spite of the mandated casino closures and reopenings under difficult economic conditions.

    Macau’s CSR drive – with one eye on Beijing?

    Macau’s operators have stepped up their corporate social responsibility (CSR) efforts in recent years, in particular when it comes to China cultural cooperation, which may help their case when it comes to concession renewal.

    Melco, MGM outshine peers in Q3

    Melco Resorts & Entertainment and MGM China outperformed their peers in the latest reporting season, as the ramp up of new product offerings drove growth.

    Bright future seen for gaming growth

    Despite short-term headwinds from China’s slowing economy and trade friction with the U.S., analysts remain optimistic Macau will retain its crown as Asia’s top gaming hub.

    Surviving the titans

    Besides being titans in the casino world, there’s something else that Sheldon Adelson, Stanley Ho, Lim Kok Thay and Steve Wynn have in common and this factor may lead to important regulatory repercussions for their business empires.

    No clarity in casino concession countdown

    The first of Macau’s six casino concessions expire in less than 18 months, though the operators who have invested billions in the territory still have no clarity as to how, or even if, those licenses to operate will be renewed.

    Trade war creates headwinds for Macau gaming stocks

    Macau gaming stocks are feeling the heat from the trade war between the U.S. and China, falling to their lowest levels in a year, with some analysts cutting their growth forecasts on concern for a slowdown in China’s economy.