SJM Holdings is part of the same business empire that held the monopoly on casino gambling in Macau from 1962 until 2002, and it remains a major enterprise through its flagship property the Grand Lisboa Hotel as well as many others. The central figure is Stanley Ho, who is now quite elderly and in poor health. SJM has the deepest roots in Macau of any its competitors, but as a former monopoly has been somewhat less enterprising in reaching out to other markets.
SJM has expressed interest in the Japanese market and has given presentations, but it remains unclear if they intend to take active measures to bid for an IR license.
Family Name: Ho
Given Name: Pansy
Role: Largest Shareholder
Profile: Pansy is a daughter of SJM Holdings founder Stanley Ho, who for decades held the monopoly of casino gambling in Macau, and the full sister of Daisy Ho and Lawrence Ho. She has become one of the most powerful of Stanley's children, and may emerge as his main heir. She has major roles in Shun Tak Holdings, STDM, and MGM Macau, and is aiming for control of SJM Holdings. She has been accused of links to organized crime.
Family Name: Leong
Given Name: Angela
Role: Co-Chairman and Executive Director
Profile: Leong is the fourth and final wife of SJM Holdings founder Stanley Ho. She has also been one of the most powerful figures in the company, and the main rival to Pansy Ho for control of the enterprise. Aside from her positions as co-chairman, executive director, and a major shareholder of SJM, she is also an elected lawmaker of the Legislative Council of Macau.
Family Name: Ho
Given Name: Daisy
Role: Chairman and Executive Director
Profile: Daughter of SJM Holdings founder Stanley Ho, who for decades held the monopoly of casino gambling in Macau, Daisy Ho was appointed to lead the company in June 2018 upon the retirement of her father. She is also the sister of Melco Resorts & Entertainment head Lawrence Ho.
Family Name: So
Given Name: Ambrose
Role: Vice-Chairman and Chief Executive Officer
Profile: So joined the gaming industry in 1976 and became the key lieutenant to Macau casino magnate Stanley Ho. When his boss' health took a sharp turn for the worse in 2009, So emerged as the key leader of SJM in his own right, with overall responsibility for strategy and management.
Family Name: Ho
Given Name: Arnaldo
Role: Assistant Chief Operating Officer
Profile: The son of casino magnate Stanley Ho and Angela Leong, Arnaldo Ho has, despite his young age, been given a very prominent role as the international salesman for SJM Holdings and many of its projects. He has been the face of SJM's campaign to become better known in the Japan IR market.
Family Name: Ho
Given Name: Stanley
Role: Chairman Emeritus
Profile: Born into the powerful Ho-Tung clan in Hong Kong, in 1962 Ho gained monopoly rights to Macau's gambling business, which he and his family would keep for the next forty years. After the Macau government opened the gambling industry to competition in 2002, Ho's SJM remained a major force, though its market share steadily declined. In 2018 at age 96 he finally retired from an active role in business, although his many children such as Pansy, Daisy, and Lawrence remain key figures in Macau's gambling industry.
SJM Holdings reported lower-than-expected EBITDA in the July-September 2019 period as VIP gross gambling revenue tumbled 43% in the quarter.
SJM Holdings is being buffeted by bad news as it has once again pushed back the completion date of its Grand Lisboa Palace resort at Cotai and reported a small decline in gaming revenue in the January-June 2019 period.
The six major IR operators in Macau are directly employing more than 108,000 people as of 2018, according to a survey made by Macau Business magazine.
SJM Assistant Chief Operating Officer Arnaldo Ho told media that the company would be considering “all kinds of possibilities” in order to win an integrated resort license in Japan.
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.
Global Gaming Expo (G2E) Asia has released the schedule for the G2E Asia 2019 Conference Program taking place May 21 to 23 at The Venetian Macao.
SJM Holdings said its January-March 2019 period profit rose 16.5% over the prior year to HK$850 million (about US$108 million), driven by mass market revenue.
Analysts at Morgan Stanley expressed optimism for Macau’s gaming industry over the medium term, with expectations of a market cap doubling by the end of 2022, driven by improving infrastructure and other factors.
The Macau government on Friday announced it has extended the licenses of SJM and MGM to June 26, 2022, following requests from both operators.
SJM Holdings posted a 45.2% gain in 2018 profit and said that it expects to complete construction of its Cotai IR, the Grand Lisboa Palace, in the first half of this year.
SJM Holdings Executive Director Angela Leong last week said that since SJM Holdings will become the last gaming operator to open a property in Cotai, the company will be aiming to provide differentiated offerings from its competitors.
Last Wednesday night, an alliance was formed between Shun Tak Holdings, a company owned by Stanley Ho, Fok Foundation, and three parties controlled by Pansy Ho with the aim of “advancing fundamental objectives” in relation to the STDM Group, and SJM Holdings.
The inaugural Hokkaido IR Showcase came to a close last Thursday, as seven IR operators and numerous other Japanese companies and associations exhibited at the first public IR event to be held in the prefecture.
Stanley Ho, known as the King of Gambling, has formally retired from his post as chairman of SJM Holdings, ending a near six-decade career in Macau’s gambling industry.
Melco Resorts & Entertainment and SJM Holdings have improved maternity and paternity leave benefits for employees.
SJM Holdings posted better-than-expected 2018Q1 results, but its market share in Macau continued to slip as the Cotai Strip lures away clients.
SJM has confirmed it is shifting the opening date of the Grand Lisboa Palace to the first quarter of 2019.