Published
Land-BasedCasinoAppointments

Daisy Ho appointed SJM Resorts Managing Director

SJM Resorts has appointed Daisy Ho as its new Managing Director.

md sjm

As noted by SJM, the appointment, from the group’s Board of Directors, has been approved by the Chief Executive of the Macau SAR.

Ho was elected to the SJM Board of Directors in March 2019, and is also an Executive Director of SJM Holdings Limited, the holding company of SJM, where she was appointed as Chairman in 2018.

“With this appointment, Ms. Daisy Ho is granted expanded management rights and authorities,” a statement from SJM read. “She becomes the official representative of SJM and is responsible for all formal business dealings and contacts with the Macau SAR Government, as well as with the subsidiaries of the company and other entities.

“Ms. Ho is also responsible for overseeing the day-to-day operations of the company and corporate matters including the formulation of policies, objectives, and investment plans to ensure that the company and its activities are in full compliance with the relevant legal and regulatory obligations.”

In August, the operator received the necessary approvals to increase its share capital to MOP5bn (US$618.4m) from MOP300m as part of the process to apply for a new concession under Macau’s gaming-related public tender, which it submitted in September.

The operator’s bid has since been accepted, with the Gaming Concession Public Tender Committee currently making its decision on which operators will be granted concessions. Seven companies submitted bids, with the new concessions expected to begin operating on 1 January 2023, scheduled to run for a period of 10 years.

Competing alongside SJM for the six concessions are incumbents Galaxy Casino Company Limited, Wynn Resorts, MGM Grand Paradise Limited, Venetian Macau Limited, and Melco Resorts Limited, as well as newcomer GMM Limited, a subsidiary of casino operator Genting Malaysia.


Casino News Sponsor
Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Executive Profiles
Wynn Macau
MGM Resorts Japan
BetConstruct
Bloomberry Resorts Corporation
Sightline Payments

Global Gaming Awards Asia: What to expect in 2023

Gambling Insider looks ahead to the Global Gaming Awards Asi...

The power of the rebrand

With the help of industry experts, Gambling Insider Editor T...

Evolution Europe CEO Gionata La Torre: The Italian job

Evolution Group’s new CEO Europe, sits down with Gambling...

Big Question: How can slots innovate from here?

Simon Hammon, CEO of Relax Gaming, Erkki Nikunen, Partner &...

Read Magazine

30 March, 2023

Wilfred Wong: Macau “cannot just rely on gaming”

Sands China’s President and Executive Director, Wilfred Wong, has echoed earlier calls by the Chinese Government to diversify the gambling province of Macau.