GGRAsia – SJM to review checks on senior execs after sex ring bust

SJM to review checks on senior execs after sex ring bust

Jan 20, 2015 Newsdesk Latest News, Macau, Top of the deck

Macau-based casino operator SJM Holdings Ltd will reassess how it monitors its senior management and security staff, following the break up of an alleged prostitution ring at Hotel Lisboa, said company executive director Angela Leong On Kei (pictured).

But Ms Leong stressed that, according to police information, the prostitution ring was operating in Hotel Lisboa, which is not managed by SJM Holdings.

Hotel Lisboa is owned by privately-held Sociedade de Turismo e Diversões de Macau SA (STDM), which controls around 55 percent of Hong Kong-listed SJM Holdings. SJM Holdings manages the casino in the Lisboa complex.

“The matter is now subject to legal procedures,” Ms Leong told reporters on Monday, quoted by Macau Post newspaper.

“But I believe this has reminded us that we have to reassess our security and senior management employees and [understand] how to do better in terms of [staff] accountability and all the management work,” she added.

Alan Ho Yau Lun, a nephew of SJM Holdings founder Stanley Ho Hung Sun and identified as a member of the senior management of the firm, was one of several senior executives of Hotel Lisboa arrested for alleged involvement in the prostitution ring. Mr Ho will remain in prison while he awaits trial, Macau’s Public Prosecutions Office said last week.

Ms Leong, fourth consort of Stanley Ho, was talking to media on the sidelines of a cheque presentation ceremony to two Macau charity organisations. The event was part of the eighth anniversary festivities of SJM Holdings’ casino-hotel Grand Lisboa, which opened on February 11, 2007.