Inside Asian Gaming

IAG NOV 2019年11月 亞博匯 80 2019 POWER 50 VICE CHAIRMAN, EXECUTIVE DIRECTOR AND CEO SJM Holdings DIRECTOR Director of Sociedade de Jogos de Macau, S.A. 副主席、執行董事兼行政總裁 澳門博彩控股有限公司集團 董事局主席 澳門博彩股份有限公司 CLAIMS TO FAME • Joined Stanley Ho’s gaming and tourism business in 1976 • “Responsible for execution of the Company’s strategy and the overall management of the Company’s business,” according to SJM Holdings annual report 名成事跡 • 1976年加入何鴻燊的博彩及旅遊業務 • 根據澳博控股的財務報告，「負責執行公司的策略及公司業務的整 體管理」 23 ONE of the longest serving executives still working within Macau’s gaming industry, Ambrose So spent years working side by side with Dr Stanley Ho and was a natural choice to fill the leadership hole when Ho fell ill in 2009. Yet the recent history of SJM has been a desperate game of catch-up after SJM initially failed to recognize that Cotai would one day become the epicenter of Macau’s gaming industry. As a result, 12 years after The Venetian Macao opened its doors on the Cotai Strip, SJM has yet to welcome its first customer into the long- awaited HK$39 billion Grand Lisboa Palace. While launch of the property is still another year away, analysts put SJM’s Macau market share in 2Q19 at 14.1%, down from 15.5% in the same period in 2018. The company also recorded a 4% year- on-year decline in GGR in the second quarter to HK$11.11 billion (US$1.42 billion). Once Grand Lisboa Palace finally does open, SJM will need to work through their lack of expertise in the lucrative premium mass segment if they want to to claim a piece of that pie, while a January power play by Pansy Ho that has seen a group of shareholders form a majority say over SJM’s parent company STDM also raises questions about the future. To his credit, Ambrose So – for so many years a steady and reliable figurehead at the helm – has stayed positive throughout with main construction work on Grand Lisboa Palace finally reaching completion by the end of this year. 蘇樹輝 是先時澳門博彩業中任職時間最長的高管之一，多年來一直與何鴻燊博 士並肩工作。2009年當何鴻燊病倒時，他是填補領導層空白的自然選擇。 然而澳博（SJM）近期的歷史卻是一場拼命追趕的的遊戲，因為其當初未 能意識到路氹金光大道終有一天成為了澳門博彩業的中心。結果，在澳門威尼 斯人於路氹金光大道開業12年之後，澳博旗下備受期待、耗資390億港元的上葡 京迄今仍未開門迎客。 該物業的推出仍待一年。有分析師認為澳博今年第二季度在澳門的市場 份額從2018年同期的15.5％下降至14.1％。該公司還錄得第二季度博彩收入按 年下降4％，至111.1億港元（14.2億美元）。 更加困難的是，澳博必須克服其自身在利潤豐厚的高端中場領域中缺乏 專長的短處，方可能從中分得一杯羹。與此同時，今年一月因何超瓊而起的一場 權力鬥爭也引發人們對於澳博未來的質疑。在當時的鬥爭中，一群股東控制了 對澳博的母公司澳娛（STDM）的多數話語權。 值得讚揚的是，蘇樹輝多年來作為穩定而可靠的掌舵人，一直保持積極態 度。而上葡京的主體建築工程，也終於要在今年年底之前完成。 AMBROSE SO 蘇樹輝 POWER SCORE 權能指數 : 1,162 POSITION LAST YEAR 去年排名 : 13