SJM Holdings Director and Assistant CEO Arnaldo Ho, Participates in Casino RFI Process in Japan
Macau’s SJM gaming establishment stayed keen on the chance to have a casino club resort in Japan and was involved in RFI (request-for-information) activities arranged by a few cities.
Besides, Arnaldo Ho Yau Heng is a director and assistant CEO of Sociedade de Jogos de Macau SA, and Macau enlisted working unit of Hong Kong, listed Macau gambling club licensee SJM Holdings. Previously, Ho has represented his organization in networking occasions identified with Japan’s developing casino resort industry, which comprises of the annual industry conference, the Japan Gaming Congress in Tokyo.
Ho remarked,
We are still interested in pursuing a casino opportunity in Japan; we are closely monitoring a few cities and participated in RFI stages.
Various International casino operators, comprising the other five brands that have gaming concession rights in Macau have pronounced interest for competing for a Japan casino club resort license. Moreover, three integrated casino resorts will be permitted in the first period of market liberalization.
Ho declined to name the urban areas where the SJM brand had been associated with RFIs. Such activities are initiated by eager local governments, who are in need to find private-sector associates before making an application to the national government for the right to have an IR or integrated resort as extensive casino clubs with Hotels, entertainment and meeting amenities which are known in Japan.
Besides, the SJM establishment was founded by Stanley Ho Hung Sun, who ruled a 40-year monopoly business in the Macau casino club market, starting from 1962 to 2002. Further, Arnaldo Ho is a child of Stanley Ho and Angela Leong On Kei, Angela Leong On Kei being executive director and Co-chairman of SJM Holdings and Macau legislator.
Furthermore, SJM Holdings hopes to launch its first invasion into the Cotai casino resort market, the HKD 39 billion (almost 5-billion dollars) Grand Lisboa Palace, in the latter half of 2020, said the Hong Kong-listed company’s Vice-chairman and CEO Ambrose in remarks to the Macau media in August. Regardless, the opening of the roughly 1,900 rooms, Grand Lisboa Palace could be delayed till January 2021, suggested by Morgan Stanley, a banking group recently.
SJM Holdings CEO So, in remarks made to local media in June, had acknowledged the plausibility of gaming being offered at Lisboeta Macau, under a supposed service agreement that would utilize SJM Holdings casino License.
