Your Daily Asia Gaming eBrief: SJM shifts after Dr. Ambrose So retires

Friday 16th of June 2023

Good Morning. The end of a (better) age. Dr. Ambrose So has retired from SJM, begging the question of who can step in to fill his shoes - and preserve the balance of power within the organization. No matter what, SJM will require a firm hand in guiding its non-gaming exploits, notes an expert. In the Philippines, billionaire Andrew Tan looks to expand his gaming empire, even as his company augments Newport World Resorts.

ASEAN Gaming Summit, asia gaming ebrief, Philippines

What you need to know

Dr. Ambrose So has officially retired from SJM, leaving a void that will be difficult to fill, notes an expert.
Philippine billionaire Andrew Tam aims to expand his empire, looking at other locations in the nation.

On the radar

Bloomberry contests tax claim by PH regulator.
Malaysian official admits online players are protected by politicians.
GCash warns users of fake PAGCOR-accredited apps.

AGB Intelligence

MACAU

Dr Ambrose So’s successor must be non-gaming savvy

The retirement of Dr. Ambrose So from his role as Vice-Chairman and CEO of Macau legacy gaming company SJM marks a new age. And the person stepping in to fill Dr. So's role has some large shoes to fill, in particular in regards to SJM's non-gaming ramp-up, notes an expert. As the group's Grand Lisboa Palace is failing to deliver yet, all eyes are on what steps management takes next.