Sunday, December 03, 2023 - Login

Stanley Ho’s passing should not have impact on SJM: Analysts

The death of Stanley Ho is not expected to have any impact on SJM Holdings’ operations, given Ho’s limited involvement in the business since 2009, say analysts. 

Bernstein analysts note that the gaming mogul had effectively removed himself from SJM as early as 2009 after suffering a head injury and a series of brain surgeries. 

While he retained the title of chairman until 2018, he was not involved in company matters, having attended his last SJM board meeting in 2015.  

That being said, analysts see investors being concerned about greater infighting between interested parties in SJM, which could affect the opening timeline for SJM’s new project, Grand Lisboa Palace.

According to analysts from Haitong, the upcoming AGM on June 9 will put four out of 12 seats up for re-election. Daisy Ho, chairman of SJM and CFO of Shun Tak Holdings, could have enough voting rights through STDM to change a few of these seats. 

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

Contact us

PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264

Asia Gaming Brief