- Business
- SJM Holdings Limited (HKEx: 880; OTC: SJMHY) is a leading owner, operator, and developer of casinos and integrated entertainment resorts in the Macau Special Administrative Region. The company operates through two primary segments: Gaming Operations, which encompasses VIP gaming, mass market table gaming, slot machines, and electronic games at properties including Grand Lisboa Palace Resort, Grand Lisboa, Casino Lisboa, Casino Oceanus at Jai Alai, Casino Fortuna, Casino Landmark, and Casino L'Arc Macau; and Hotel, Catering, Retail, and Leasing Operations, which manages luxury accommodations such as the 1,892 rooms and suites across three towers at Grand Lisboa Palace (Grand Lisboa Palace Macau, THE KARL LAGERFELD, and Palazzo Versace Macau), 431 rooms at Grand Lisboa Hotel, 132 rooms at Jai Alai Hotel, and 389 rooms plus 19 VIP mansions at Sofitel Macau at Ponte 16, alongside fine dining, casual dining, shopping, wellness and spa facilities, and venues for meetings, events, and cultural exhibitions. SJM Holdings provides ancillary services including marketing and promotion, property development, casino management, dredging, customer relations, retail, human resources, project management, food and beverage, treasury, and hospitality. Founded in 2006 and headquartered in Central, Hong Kong, the company is a subsidiary of Sociedade de Turismo e Diversões de Macau, S.A. (STDM) and serves mass market, VIP, and international patrons primarily in Macau, with approximately 20,400 employees. In recent developments, SJM Holdings announced in November 2025 the acquisition of L'Arc Hotel and Casino L'Arc Macau for HK$1.75 billion from entities controlled by co-chair Angela Leong, integrating the property into core operations to enhance peninsula cluster efficiency, cross-promotion, and profitability ahead of the January 2026 satellite casino transition deadline; concurrently, it decided not to proceed with the Ponte 16 acquisition, leading to the casino's closure on 28 November 2025, while restructuring other satellites like Casino Fortuna (ceasing 9 December 2025) and Casino Kam Pek Paradise (ceasing 1 December 2025). Earlier in 2025, the company announced acquisitions of designated property space in Hotel Lisboa for Casino Lisboa expansion, expansion into Hengqin with a new hotel development, and robust financial results including third quarter 2025 reporting and interim 2025 results highlighting stable topline and strategic positioning.