Good Morning. The end of a (better) age. Dr. Ambrose So has retired from SJM, begging the question of who can step in to fill his shoes – and preserve the balance of power within the organization. No matter what, SJM will require a firm hand in guiding its non-gaming exploits, notes an expert. In the Philippines, billionaire Andrew Tan looks to expand his gaming empire, even as his company augments Newport World Resorts.
What you need to know
- Dr. Ambrose So has officially retired from SJM, leaving a void that will be difficult to fill, notes an expert.
- Philippine billionaire Andrew Tam aims to expand his empire, looking at other locations in the nation.
On the radar
- Bloomberry contests tax claim by PH regulator.
- Malaysian official admits online players are protected by politicians.
- GCash warns users of fake PAGCOR-accredited apps.
AGB Intelligence
MACAU
Dr Ambrose So’s successor must be non-gaming savvy
The retirement of Dr. Ambrose So from his role as Vice-Chairman and CEO of Macau legacy gaming company SJM marks a new age. And the person stepping in to fill Dr. So’s role has some large shoes to fill, in particular in regards to SJM’s non-gaming ramp-up, notes an expert. As the group’s Grand Lisboa Palace is failing to deliver yet, all eyes are on what steps management takes next.
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