- Business
- SJM Holdings Limited SJM Holdings Limited (HKEx: 880), a leading owner, operator and developer of casinos and integrated entertainment resorts in the Macau Special Administrative Region, principally engages in gaming operations through its key subsidiary SJM Resorts, S.A., one of six concessionaires authorized by the Macau government to run casinos and gaming areas; hotel, catering, retail and leasing activities; alongside hospitality, leisure and entertainment services. The company, listed on the Hong Kong Stock Exchange since 2006 and headquartered in Central, Hong Kong as a majority-owned subsidiary of Sociedade de Turismo e Diversões de Macau (STDM), operates 12 casinos including Casino Grand Lisboa Palace, Casino Grand Lisboa, Casino Lisboa, Casino Oceanus at Jai Alai, Casino Fortuna, Casino Kam Pek Paradise, Casino Landmark, Casino L'Arc Macau, Casino Ponte 16, Casino Casa Real, Casino Emperor Palace and Casino Grandview; four hotels encompassing the Grand Lisboa Palace Resort with 1,892 rooms and suites across three towers (Grand Lisboa Palace Macau, THE KARL LAGERFELD and Palazzo Versace Macau), Grand Lisboa Hotel (431 rooms including 45 suites), Jai Alai Hotel (132 rooms) and Sofitel Macau at Ponte 16 (389 rooms and 19 VIP mansions); fine and casual dining outlets, shopping arcades, wellness and spa facilities, and venues for meetings, events and cultural exhibitions, catering to VIP, mass market and slot machine patrons primarily from mainland China, Hong Kong and international tourists. SJM Holdings maintains its dominant position in Macau's peninsula gaming cluster while consolidating operations amid the phase-out of satellite casino contracts by January 2026, including the recent November 2025 announcement of a HKD1.75 billion acquisition of L'Arc Hotel and Casino L'Arc Macau from entities controlled by co-chair Angela Leong to integrate it as a core-owned property enhancing peninsula cohesion, cross-promotional synergies and resource optimization; concurrent abandonment of the Ponte 16 acquisition with mutual termination and casino closure on 28 November 2025; ongoing closures of other satellites such as Casino Kam Pek Paradise (1 December 2025), Casino Casa Real (21 November 2025) and Casino Legend Palace (12 November 2025); alongside strategic expansions like designated property acquisition at Hotel Lisboa for Casino Lisboa growth (August 2025) and a new hotel development in Hengqin (July 2025).