Nov 17, 2016 Newsdesk Latest News, Macau, Top of the deck  
The chief executive of Macau casino operator SJM Holdings Ltd, Ambrose So Shu Fai (pictured), said the firm has seen a recent uptick in its satellite casino business. Mr So said on Tuesday that the firm expects the soon to reopen Jai Alai complex to create a “synergy effect” with the adjacent casino venues and help grow the company’s gaming business.
SJM Holdings’ satellite casino business has improved as a result of a higher number of visitors to Macau, said Mr So as quoted by Hong Kong’s Chinese-language newspaper Ming Pao.
SJM Holdings had a total of 14 satellite casinos – or known as third-party promoted casinos – at the end of the third quarter of this year, the firm said in its unaudited financial results for the period. Most of its satellite casinos are located on Macau peninsula.
Mr So was also quoted as saying that the Jai Alai complex will create a “synergy effect” with the adjacent SJM Holdings’ property Oceanus, as well as Legend Palace. The later project is a casino hotel promoted by Hong Kong-listed casino services firm Macau Legend Development Ltd. Legend Palace, located at Macau Fisherman’s Wharf, is scheduled to open by year-end.
The SJM Holdings CEO confirmed on Tuesday that the mass gaming-focused Jai Alai complex – near Macau’s main ferry terminal on the city’s peninsula – is expected to reopen early next year.
Angela Leong On Kei, an executive director of SJM Holdings, had mentioned to reporters earlier this month that the Jai Alai complex will have “about 30 to 40” mass gaming tables when it reopens. But Ms Leong did not specify which part of SJM Holdings’ gaming business would supply the gaming tables for Jai Alai.
May 23, 2023
May 15, 2023
May 31, 2023
May 31, 2023
May 31, 2023
The iGaming segment in Asia “has grown rapidly” since the onset of the Covid-19 pandemic in early 2020, says Rakhi Jaimini (pictured), sales manager at sports betting and online casino operating...(Click here for more)
”[Macau casino] operators may want to remain prudent in not appearing to reward shareholders too early”
DS Kim
Head of Asia gaming and leisure research at JP Morgan Securities (Asia Pacific)