Pansy Ho has assumed the role of Managing Director at SJM Resorts, signaling a major transition in leadership for the Macau gaming powerhouse. This designation, ratified by the company’s directors and authorized by Macau authorities, capitalizes on Ho’s vast expertise – she has served on SJM’s board since 2019 and has guided the company as Chairwoman of SJM Holdings, the majority stakeholder, since 2018.
This action solidifies her influence, affording her wider oversight and establishing her as the representative figure of SJM in all formal engagements, from governmental affairs to collaborations with subsidiary entities. Her duties now encompass daily business activities, including outlining strategic course, objectives, and investment approaches, all while guaranteeing adherence to the legal and regulatory framework.
This appointment follows SJM’s successful tender for a fresh gaming license in Macau. As a component of this procedure, the corporation substantially augmented its registered capital, showcasing its dedication and preparedness to maneuver the shifting gaming environment in Macau.
Macaus gaming landscape is on the verge of a major shift! With existing permits expiring as the year ends, seven firms are competing for the six casino licenses up for grabs. Industry giants such as Galaxy, Wynn, Sands, MGM, and Melco are all aiming to retain their positions, but they face competition from a newcomer, Genting Malaysia. Rumors suggest the government is keen on introducing changes, making the outcome of the license awards highly anticipated. These new licenses, valid for a decade, carry significant weight. Keep an eye out for developments!
