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SJM reportedly interested in Japan too

The chief executive of Macau gaming operator SJM Holdings Ltd, Ambrose So Shu Fai, said the company is eyeing business opportunities outside the territory, including in Japan. In an interview with Hong Kong news channel Now TV, Mr. So said SJM is in the process of making initial forays to develop its business in other Asian countries, […]

The chief executive of Macau gaming operator SJM Holdings Ltd, Ambrose So Shu Fai, said the company is eyeing business opportunities outside the territory, including in Japan.
In an interview with Hong Kong news channel Now TV, Mr. So said SJM is in the process of making initial forays to develop its business in other Asian countries, such as Japan, South Korea and other Southeast Asian nations.
Japan passed its gaming legislation in December of last year, paving the way for the development of integrated resorts in the country, however SJM’s executive director Angela Leong On Kei told Macau reporters in January that the company’s board of directors had never discussed developing the business in Japan or other regions, and instead were hoping to focus their business in the MSAR.
Currently, all major gaming operators in the city have expressed their interest in bidding for a gaming license in Japan.
The company’s new Cotai project, the Grand Lisboa Palace, is only slated to open in the first half of next year – the last new opening on the Cotai Strip – however the SJM chief executive does not believe the company will lose its competitive advantage.
Meanwhile, Mr. So expects the company will wrap up this year with double-digit growth in gaming revenue, with the mass market acting as the main driver.

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