SJM Holdings

Rank#5849

Market Cap1.27B

CountryHong Kong

Summary

SJM Holdings Limited, an investment holding company, owns, develops, and operates casinos and related facilities in Macau, Hong Kong, and internationally. It operates through two segments, Gaming Operations; and Hotel, Catering, Retail and Leasing Operations. The Gaming Operations segment engages in the VIP gaming, mass market table gaming, slot machine, and other gaming operations. The Hotel, Catering, Retail, and Leasing Operations segment operates a hotel; and offers catering, retail, leasing and related activities. SJM Holdings Limited also provides marketing and promotion, property development, casino operations management, dredging, gaming promotion, human resources and project management, food and beverage, treasury, and hospitality services. The company was incorporated in 2006 and is based in Central, Hong Kong. SJM Holdings Limited is a subsidiary of Sociedade de Turismo e Diversões de Macau, S.A.

History

The company was founded in 1962 by Stanley Ho and his then partners Teddy Yip , Yip Hon and Henry Fok. In that year, it was granted a monopoly on gambling in Macau, which had previously been held by Tai Hing Company since 1934.In 1982, Ho and Yip had a major public falling out, as a result of which Yip disposed of his interest for a rumored HK$400 million. Cheng Yu-tung, founder of New World Development, stepped in to fill the breach.

Fok's attempt to sell his stake in 1986, for a reported HK$600 million, was resisted by Ho. Complaining about the company's strategy and dividend policy, Fok gifted the stake to the Henry Fok Ying Tung Foundation in 2002.Since 2002, STDM was the subject of numerous lawsuits initiated either by Ho of by his sister, Winnie. Only after the final challenge was resolved in 2008 was it able to list its casinos subsidiary Sociedade de Jogos de Macau on the Hong Kong Stock Exchange.In 2011, STDM shareholders are:

Lanceford Company Limited: 31.6%

Shun Tak Holdings: 11.5%

Winnie Ho Yuen-ki: 7%

Henry Fok Ying Tung Foundation: 27%

Cheng Yu-tung 10%

Others 12.9%

Mission

Our goal is to expand and further develop our operations,

References

https://en.wikipedia.org/wiki/Sociedade_de_Turismo_e_Divers%C3%B5es_de_Macau

https://in.investing.com/equities/sjm-hld

https://finance.yahoo.com/quote/0880.HK/profile?p=0880.HK