Inside Asian Gaming

IAG NOV 2019年11月亞博匯 66 2019 POWER 50 ANGELA LEONG CO-CHAIRMAN AND EXECUTIVE DIRECTOR SJM Holdings Ltd MANAGING DIRECTOR AND CHIEF ADMINISTRATIVE OFFICER Sociedade de Jogos de Macau, S.A. 梁安琪 聯席主席兼執行董事 澳門博彩控股有限公司 常務董事兼行政總監 澳門博彩股份有限公司 CLAIMS TO FAME • De facto gaming industry representative in Macau Legislative Assembly • Stanley Ho’s fourth wife • Owns largest individual stake in SJM Holdings 名成事跡 • 澳門立法會議員，代表博彩業利益 • 何鴻燊四太 • 澳博控股最大的個人股東 10 IF safety in numbers was universally applied to Macau’s gaming industry then SJM Holdings – the casino operating vehicle of Stanley Ho’s Sociedade de Turismo e Diversões de Macau, SA (STDM) – would still dominate market share. Of the 41 casinos currently operational in the Macau SAR, 22 come under the SJM umbrella including its flagship property, Grand Lisboa, plus three “self-promoted” casinos – Casino Lisboa, Casino Oceanus at Jai Alai and Casino Taipa – and 18 satellite casinos which are run by outside entities under SJM’s license. But SJM’s lack of a Cotai presence continues to bite. More than 20 months since MGM became the fifth of Macau’s six concessionaires to open its flashy new Cotai resort, SJM continues to lag behind on completion of the long-awaited Grand Lisboa Palace. And there isn’t any immediate reprieve in sight either, with the company having announced in early September that opening of the HK$39 billion property – the cost having been revised up from HK$36 billion – has now been pushed back to late 2020. The result has been the continued loss of market share, with analysts reporting SJM had slipped to 14.1% as of 2Q19, down from 15.5% a year earlier and well below its one-time peak in the low-to-mid 20s. There is also the small matter of how SJM’s leadership structure will look once Grand Lisboa Palace does get up and running. In January, Pansy Ho – one of Stanley Ho’s five children to second wife Lucina Laam – led the formation of a five-way alliance between STDM shareholders which POWER SCORE 權能指數 : 2,097 POSITION LAST YEAR 去年排名 : 6