• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

SJM’s Frank McFadden moves to COO role

Jun 11, 2020 Newsdesk Latest News, Macau, Top of the deck  


SJM’s Frank McFadden moves to COO role

Macau casino industry veteran Frank McFadden is moving to a new role at his employer SJM Holdings Ltd, taking up the post of chief operating officer (COO) at the Macau casino concessionaire, a company source confirmed to GGRAsia.

He succeeds Louis Ng Chi Sing, who stepped down from that role on Wednesday (June 10) following the company’s annual meeting in Hong Kong on Tuesday, held two weeks after the death of the group’s founder Stanley Ho Hung Sun.

Mr McFadden had most recently been president of business development at the SJM group.

As newly-appointed COO, Mr McFadden should have a key role as SJM Holdings looks to ramp up its existing gaming business at its current core properties including Casino Grand Lisboa and Casino Lisboa, when eventually travel restrictions linked to the Covid-19 crisis are lifted.

SJM Holdings’ gaming revenue accounted for 13.3 percent of the Macau market’s casino gaming revenue during the first quarter, as compared with 14.1 percent in the first quarter of 2019, according to unaudited data released by the group on May 5. In 2011 the firm had a market-leading share of 29 percent.

A number of investment analysts has suggested that the group’s long-awaited Cotai scheme, Grand Lisboa Palace, might help in market share terms. JP Morgan Securities (Asia Pacific) Ltd stated in a Tuesday note it expected “the US$5-billion -priced Grand Lisboa Palace will finally open in the second quarter 2021, reflecting some delays due to Covid-19”.

Paul Baker is the president of Grand Lisboa Palace. Prior to joining SJM Holdings in 2018, he spent four years at casino group Genting Malaysia Bhd.

Mr McFadden joined SJM Holdings prior to its 2008 initial public offering on the Hong Kong Stock Exchange. Before that, he worked as an executive at Venetian Macau Ltd, the Macau licence-holding unit of United States-based casino group Las Vegas Sands Corp.

SJM Holdings posted a net loss of HKD409 million (US$52.8 million) in the first quarter this year, according to unaudited highlights of the business filed to the Hong Kong Stock Exchange on May 5. That compared to a net profit of HKD850 million in the prior-year period. Covid-19 played a part in the result, the firm said.

But JP Morgan noted on Tuesday: “SJM [Holdings’] profit growth has been surprisingly strong in the past years, having printed the best EBITDA [earnings before interest, taxation, depreciation and amortisation] growth among same-store operators in both 2018 and 2019; perhaps our concerns about its execution were too harsh.”

The brokerage added: “When the dust settles from Covid-19, we suspect that the demand recovery will be faster from nearby Guangdong [province], led by day-trippers; this is an area where SJM [Holdings] has particularly strong share, which could benefit it disproportionately, in our view.”


  • tweet
Related articles
  • 1Q results encouraging, non-gaming to boost traffic: SJM boss
    1Q results encouraging, non-gaming to...

    May 23, 2023  

  • GLP to be running at full capacity by year end: brokerage
    GLP to be running at full capacity by...

    May 16, 2023  

More news
  • Genting Malaysia revenue at US$494mln in 1Q, narrows loss
    Genting Malaysia revenue at US$494mln...

    May 25, 2023  

  • Londoner Macao pulls in foreigners and Chinese: LVS CEO
    Londoner Macao pulls in foreigners and...

    May 25, 2023  


Latest News

Genting Malaysia revenue at US$494mln in 1Q, narrows loss

Genting Malaysia revenue at US$494mln in 1Q, narrows loss

May 25, 2023  

International casino operator Genting Malaysia Bhd recorded total first-quarter revenue of just above MYR2.28 billion (US$493.7 million), up 32.7 percent from the prior-year period. Judged...
Read More
Londoner Macao pulls in foreigners and Chinese: LVS CEO

Londoner Macao pulls in foreigners and Chinese: LVS CEO

May 25, 2023  

Cambodian unionist jailed over strike tied to NagaWorld

Cambodian unionist jailed over strike tied to NagaWorld

May 25, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”While Macau gaming stocks stopped paying dividends during Covid, we expect they will start paying after deleveraging”

Morgan Stanley banking group



Most Popular

  • Londoner Macao pulls in foreigners and Chinese: LVS CEOLondoner Macao pulls in foreigners and Chinese: LVS CEO May 25, 2023
  • Genting Malaysia revenue at US$494mln in 1Q, narrows lossGenting Malaysia revenue at US$494mln in 1Q, narrows loss May 25, 2023
  • Macau 1Q GDP up 39pct as gaming exports doubleMacau 1Q GDP up 39pct as gaming exports double May 25, 2023
  • Macau gaming, hospitality hire 1.8K workers in Feb to AprMacau gaming, hospitality hire 1.8K workers in Feb to Apr May 25, 2023
  • Cambodian unionist jailed over strike tied to NagaWorldCambodian unionist jailed over strike tied to NagaWorld May 25, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us