Macau casino operator SJM Holdings, controlled by the family of gambling tycoon Stanley Ho, posted a 12 per cent year-on-year increase in first-quarter net profit, buoyed by strong interest from cash-rich Chinese gamblers.
SJM on Monday reported net profit of HK$1.9 billion for the first three months of this year, compared with HK$1.7 billion a year earlier.
Valued at around US$14 million, SJM has the largest market share among the six licensed operators, with 27 per cent.
via Business feed http://www.scmp.com/business/china-business/article/1231535/wealthy-mainlanders-drive-sjm-12pc-net-rise
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