BRIEF: SJM completes L’Arc Hotel acquisition

Macao casino operator SJM Holdings Ltd. (0880.HK) announced on Sunday that it completed its acquisition of Arc of Triumph Development Co. Ltd. on Dec. 17, making Arc a wholly owned…
SJM is dealt a tough hand in Macao gambling shake-up

SJM is dealt a tough hand in Macao gambling shake-up

The gaming company is shedding most of its satellite casinos and focusing on core assets in a restructuring that has taken a chunk out of quarterly earnings   Key Takeaways: Bucking…
Melco International will close operations of Grand Dragon Casino.

‘Satellite casino’ era winds down in transforming Macao

The phasing out of smaller casinos operated by licensed gaming firms in non-gaming properties could help to boost gaming company margins Key Takeaways: All 11 of Macao’s “satellite casinos” will…