|Bid||6.870 x 0|
|Ask||6.880 x 0|
|Day's range||6.740 - 7.000|
|52-week range||5.960 - 11.600|
|Beta (3Y Monthly)||1.06|
|PE ratio (TTM)||19.80|
|Earnings date||30 Oct 2018|
|Forward dividend & yield||0.23 (3.31%)|
|1y target est||9.07|
The son of billionaire Macau casino magnate Stanley Ho on Thursday announced the revival of an entertainment project left dormant for eight years, as authorities move to seize idle land in the world's largest gambling hub. Macau Theme Park and Resort Ltd aims to open an 820 room hotel and leisure facilities costing HK$5 billion ($638 million) by 2020, but without the theme park it initially planned. The firm has held land for the project for almost a decade while seeking permission to build the theme park.
HONG KONG, Oct 1 - Gambling revenue in the Chinese territory of Macau posted a 2.8 percent gain in September, with solid demand from Chinese betters keen to play in the country's only legal casino hub. ...
(Widens distribution) Sept 1 - Gambling revenue in the Chinese territory of Macau posted a 17 percent gain in August, thanks to active gaming by Chinese betters keen to play in the country's only legal ...
Gambling revenue in the Chinese territory of Macau rose 10.3 percent in July from a year ago period, bolstered by demand from Chinese betters keen to play in the country's only legal casino hub. Figures from Macau's Gaming Inspection and Coordination bureau showed on Wednesday revenues were up from the month of June, reaching 25.3 billion patacas ($3.14 billion) versus analyst expectations of 5-13 percent growth. Macro factors including tighter Chinese credit and softening economic growth may also crimp demand from VIP players going forward.
July 31 (Reuters) - SJM Holdings Ltd: * H1 PROFIT ATTRIBUTABLE HK$1.50 BILLION VERSUS HK$955 MILLION * H1 TOTAL GROUP NET REVENUE HK$17,197 MILLION VERSUS HK$15,674 MILLION * BOARD TO DECLARE INTERIM DIVIDEND ...
HONG KONG, July 1 - Gambling revenue in the Chinese territory of Macau grew 12.5 percent in June, thanks to solid demand from Chinese betters keen to play in the country's only legal casino hub. June marks ...
June 12 (Reuters) - SJM Holdings Ltd: * HO CHIU FUNG, DAISY HAS BEEN APPOINTED AS CHAIRMAN * HO HUNG SUN, STANLEY RETIRED AS CHAIRMAN AND EXECUTIVE DIRECTOR * CHAN UN CHAN HAS BEEN ELECTED AS AN EXECUTIVE ...
Law enforcement and regulatory forces in Asia say they are gearing up to fight illegal gambling operators who have ramped up activities in the region ahead of the World Cup, making use of savvy technology and cryptocurrencies to evade prosecution. Illegal gambling on the cup is prevalent in countries like Thailand and Malaysia, where football is hugely popular, but which don't have legal betting alternatives, gambling industry experts say.
Authorities in Macau, the world's biggest gambling hub, have told financial institutions to tackle the illegal use of UnionPay cards to evade exchange controls, China's latest move to clamp down on illicit capital outflows. The announcement from Macau's monetary authority late on Wednesday adds to a series of measures being implemented in the Chinese territory as it cracks down on such "illegal acts". The warning to banks came after pawn shops operating in Macau casinos had their UnionPay point-of-sale terminals removed, state broadcaster TDM said this week.
June 1 - Gambling revenue in the Chinese territory of Macau posted a lower-than-expected 12.1 percent gain in May, as gamblers wagered less in the country's only legal casino hub. Figures from Macau's ...
A Macau court on Tuesday levied a fine of $5,000 on the territory's youngest lawmaker, but no jail time, at the conclusion of a trial viewed as a test case of transparency and conflict of interest in the world's biggest gambling hub. The lawmaker, Sulu Sou, 26, was ordered to pay a fine of 40,800 patacas ($5,060) on charges of aggravated disobedience over an unauthorised protest outside the home of the Chinese-controlled territory's leader, Fernando Chui. Macau law provides for Sou to be stripped of his duties as a legislator if he spends more than 30 days in jail.
A Hong Kong based NGO backed by regulators, former central bankers and government officials on Wednesday announced an alliance to fight money laundering and regulate the fast growing financial technology space across Asia. The heavyweight meeting, which had government representatives from countries including China, the Philippines, Thailand and Cambodia, aimed to provide an information exchange platform as rapidly evolving technology makes it harder to regulate illicit money flows.
HONG KONG (Reuters) - Macau casino SJM Holdings posted a 25.8 percent rise in its first-quarter net profit on Wednesday on strong gambling demand in the only place in China where casinos are legal.
May 2 (Reuters) - SJM Holdings Ltd: * Q1 PROFIT ATTRIBUTABLE HK$730 MILLION VERSUS HK$580 MILLION * Q1 NET GAMING REVENUE UP BY 6.7% TO HK$8,410 MILLION * Q1 TOTAL NET REVENUE HK$ 8.60 BILLION, UP 7.1 ...
Macau's oldest gambling company, SJM Holdings, is playing catch up as its rivals ride the wave of a gambling boom in the southern Chinese territory. SJM, which is controlled by the family of Stanley Ho, is facing an unclear leadership future and the delayed opening of its planned $4.6 billion casino resort in Macau's Cotai strip. The departure of Ho, who is one of Asia's richest men, once he retires as chairman of SJM on June 12, could spark a power struggle at the company, analysts say.
May 1 (Reuters) - Gambling revenue in the Chinese territory of Macau surged 28 percent in April and beat analyst expectations, helped by solid demand from Chinese betters keen to play in the country's ...
Shares in Chinese companies offering online and mobile poker games have shed up to a fifth of their value over the past week, following reports in local media that the government would ban all poker-related applications from June 1. Companies like Boyaa Interactive and Our Game have seen their stocks slide up to 18 percent since the informal directive from the country's ministry of culture was reported in local media on April 19. A copy of the directive - circulated in local media and seen by Reuters - asks gaming platforms to stop operating Texas Hold'em games, a variation of poker, forbid services that transfer or trade virtual currency and stop the publication of anything poker or gambling-related on Weibo and WeChat.
Along a three-kilometre (2-mile) stretch of coastline in central Vietnam, construction cranes are digging up mounds of sand and rubble where the country's biggest casino is set to open next year. Driving the project is Suncity Group Holdings Ltd, which has made billions luring high-rollers – mainly from China - to the baccarat tables in the Chinese territory of Macau. Vietnam is betting big on developing a gambling industry, targeting the Chinese tourists who have been flocking to the country in recent years.
Macau gambling king Stanley Ho, one of Asia's richest men, will retire as chairman of SJM Holdings at the forthcoming Annual General Meeting on June 12, the casino operator said in a filing to the Hong Kong bourse late on Thursday. Ho, 96, will stay on as Chairman Emeritus to the company. "Dr. Ho has justifiably been acknowledged as the founding father of Macau's gaming industry, which has for some time been the largest in the world in terms of revenue," SJM said.
April 12 (Reuters) - SJM Holdings Ltd: * HO HUNG SUN, STANLEY WILL RETIRE FROM HIS POSITIONS AS CHAIRMAN AND EXECUTIVE DIRECTOR * HO CHIU FUNG, DAISY TO SUCCEED AS CHAIRMAN AND EXECUTIVE DIRECTOR * APPOINTS ...
HONG KONG, April 1 (Reuters) - Gambling revenue in the Chinese territory of Macau posted a 22 percent gain for the month of March, due to sustained demand for gambling in the country's only legal casino ...
Feb 28 (Reuters) - SJM Holdings Ltd: * FY GAMING REVENUE HK$ 41.29 BILLION VERSUS HK$41.27 BILLION * FY NET PROFIT HK$1.96 BILLION VERSUS HK$ 2.33 BILLION * RECOMMENDS PAYMENT OF A FINAL DIVIDEND OF ...