Macau casino giant delays Hong Kong listing
Sociedade de Jogos de Macau (SJM) scrapped Tuesday’s launch of its global roadshow and meetings with local investors as some potential backers considered the IPO too expensive, the newspaper said, citing unidentified sources.
The English-language daily also said the city’s financial markets regulator, the Securities and Futures Commission, was seeking additional information from the company, again citing unnamed sources.
SJM hoped to use the cash to fund its aggressive new expansion in the booming gaming enclave of Macau, which overtook the Las Vegas Strip in 2006 in the amount of gaming revenues.
Ho used to operate a monopoly in the former Portuguese colony, but the market was liberalized in 2002, allowing huge American operators like Las Vegas Sand and Wynn to erode the mogul’s market share. No-one from SJM was immediately available for comment.
Wazdan earns triple nominations at AffPapa iGaming Awards 2026 for excellence in slots and branding
Zitro Digital appoints Thiago Valadão as Commercial Director for Brazil
HIPTHER appoints Elena Stepanyatova to lead event content and production across conference portfolio
MGM Resorts posts record first-quarter revenue as profit slips on weaker margins
CT Interactive expands portfolio, boosts Bulgaria presence in April
IDX selected to power 250 gaming tables with X-Trend system at the Westside Resort
Racing and Sports partners with Altenar to enhance global racing offering
Mexico's iGaming market breaks its four-year uptrend
Wazdan earns triple nominations at AffPapa iGaming Awards 2026 for excellence in slots and branding
