Friday, July 10, 2020
Martin Hennecke

High rollers hit by trade war
The ongoing Sino-US trade war has dampened sentiment among high rollers and hit casino revenue gains, according to SJM (0880) chairwoman Daisy Ho Chiu-fung.

However, she forecast stable income for the second half of 2019, as mass market table earnings have not been affected, showing high single-digit growth in April and May.

Ho said the Grand Lisboa Palace is 90 percent complete and would be ready before year end, subject to finalizing government procedures.

Meanwhile, Angela Leong On Kei, co-chair and an executive director of SJM, said she has not changed her stakes or acquired further shares since her tycoon husband, Stanley Ho Hung-sun, stepped down as chairman.

SJM shares fell 2 percent yesterday, closing at HK$8.83.

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