Scientific Game

Daisy Ho appointed new Chairman of SJM Holdings

Wednesday, 13 June 2018 06:04
Share
Visit us

Macau concessionaire SJM Holdings has confirmed Daisy Ho as the new Chairman of the company following the retirement of her father and Macau gaming kingpin Stanley Ho on Tuesday.

Dr Ho – whose company STDM, the parent company of SJM, held a 40-year monopoly on casino gaming in Macau before liberalization – officially stepped down from his role at SJM at the company’s annual general meeting this week.

His position has now been filled by his daughter. Daisy Ho, 53, was already an Executive Director of the company and sits on the boards of a number of other prominent companies including Shun Tak Holdings, where she is Deputy Managing Director and Chief Financial Officer.

Her new role as Chairman of SJM Holdings comes with no fixed term and sees her entitled to an annual base fee of HK$1 million per year and annual allowances of HK$1.3 million from the group, the company announced.

Also promoted to the roles of Co-Chairmen on Tuesday were directors Timothy Fok and Angela Leong, Dr Ho’s wife.

Executive Director and Chief Executive Officer Ambrose So has been appointed Vice-Chairman in addition to his existing positions.

Dr Ho was granted the honorary title of Chairman Emeritus after stepping down.

What's new

Macau Canidrome site to become a land reserve for public facilities

Macau Canidrome site to become a land reserve for public facilities The site of Macau’s Canidrome dog racing track will become a land reserve for public facilities, including education, sport, offices for public departments and service centers, once its current owners officially move out this weekend. In a joint press conference held by the Financial Services Bur... Thursday, 19 July 2018 07:00

PAGCOR found to have underpaid tax, overpaid executives in damning audit report

PAGCOR found to have underpaid tax, overpaid executives in damning audit report Philippines gaming regulator PAGCOR has been accused of granting excessive rewards and allowances to its executive staff while underpaying its mandatory 50% government income share to the tune of Php21.19 billion (US$396 million) since 2011. The revelations form part of the Commission on Audit’s ... Thursday, 19 July 2018 06:44

Melco’s temporary Cyprus casino on the rise after sluggish start

Melco’s temporary Cyprus casino on the rise after sluggish start Melco’s temporary Cyprus gaming facility, Cyprus Casino, has seen attendance start to accelerate in the past week, raising hopes after a sluggish start. The comments were made by Craig Ballantyne, the Property President of Melco’s €550 million City of Dreams Mediterranean integrated resort du... Thursday, 19 July 2018 05:55

Ainsworth revises 2018 profit guidance upwards

Ainsworth revises 2018 profit guidance upwards Australian slot machine developer Ainsworth Game Technology has issued a guidance upgrade ahead of the release of its full year and half-year 2018 results. Ainsworth has revised its expected profit before tax for the six months to 30 June 2018 from around AU$20 million to AU$22.8 million, while ful... Thursday, 19 July 2018 05:43

Current Issue

Moving ahead

Moving ahead A year after the deadly attack at Resorts World Manila, management continues to reinvent the property to recover and meet the challenge from Entertainment City rivals. By Muhammad Cohen | Editor-at-Large   The tragic events of 2 June 2017 at Resorts World Manila sent shock waves across the Phili... Friday, 29 June 2018 01:32

"This is not a drill..." Gaming businesses must plan judiciously for emergencies such as the Resorts World Manila attack, natural disasters and accidents so they can respond effectively when best plans fail. By Muhammad Cohen   Arson at Resorts World Manila a year ago, Typhoon Hato battering Macau last August and the La... Friday, 29 June 2018 01:24

Five signs that your organizational culture is toxic to customer experience

Five signs that your organizational culture is toxic to customer experience IAG explains the importance of company culture in achieving exceptional customer experience and the five signs that your culture might be toxic to your customer goals. By Sudhir H. Kalé, Ph.D.   Numerous studies on customer experience (CX) highlight the crucial role company culture plays in del... Friday, 29 June 2018 01:18

Height of Luxury

Height of Luxury With the opening of its new luxury hotel at City of Dreams in June, Melco Resorts is looking to take control of Macau’s lucrative premium mass segment. By Ben Blaschke   “We’re not just opening a new hotel today, we’re opening a whole new chapter. We’ve built a landmark for Macau and a... Friday, 29 June 2018 01:08