SJM
set25 Peninsula SJM Holdings Ltd says it will use to its advantage the regulatory changes in the Macau satellite casino sector – and its decision to redeploy satellite-venue tables to its downtown Grand Lisboa property and to an upgraded and expanded Casino Lisboa next door – to “consolidate a leadership position on the peninsula” of the city. That would result in the group “effectively increasing non-gaming spend and length of stay by customers, and better aligning the peninsula [property] portfolio towards the VIP and premium-mass segments” of gaming customers, said the company in commentary in its interim report published on Monday. In an August filing, the firm said its unit SJM Resorts Ltd had signed a promissory agreement with the group parent Sociedade de Turismo e Diversões de Macau SA (STDM) t o acquire a portion of Hotel Lisboa , for a total consideration of HKD529 million (US$68.1 million). At the time, SJM Holdings said “SJM Resorts intends to utilise the property to expand...