Company: SJM Holdings
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.
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 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.
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.
Macau gaming operators are planning to launch a joint shuttle bus service which will transport customers along the Hong Kong-Zhuhai-Macau bridge, local media reports.
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.