Tag Archives: ambrose so
- Gov’t wants Macau public to weigh in on smoking lounges
August 7, 2015
The future of smoking lounges in Macau casinos is in the public’s hands. Social Affairs and Culture Secretary Alexis Tam said the government is keeping an “open-minded attitude” on the issue of setting up smoking lounges in VIP rooms, but the final decision will depend on the results of a...
- SJM boss doesn’t want more casino licenses in Macau; gov’t removes gambling ads
February 23, 2015
Ambrose So, CEO of Macau casino operator SJM Holdings, says he's personally opposed to adding more casino licenses in Macau. Speaking with reporters during an SJM-hosted Chinese New Year dinner, So was clear and blunt in saying the prospect of more casino licenses won't contribute to a healthier development of...
- Macau casino revenue could fall 7% in 2015
November 22, 2014
Macau casino revenue may fall as much as 21% in November if current trends continue, according to analysts at Credit Suisse AG. Other analysts concur, with UBS expecting a monthly decline of between 17% and 22% while Wells Fargo suggested a fall of between 18% and 21%. Macau is currently...
- Macau casino dealers threaten work stoppage at Grand Lisboa this weekend
August 28, 2014
Macau casino operator SJM Holdings is bracing for a significant ramp-up in the labor unrest currently plaguing the Asian gambling hub. On Saturday, around 1,000 dealers at SJM’s flagship Grand Lisboa property plan to ‘cap the chip floats’ and refuse to deal cards to gamblers until SJM agrees to their...
- SJM Says UnionPay Card Terminals out of Casinos by July 1
June 10, 2014
UnionPay card terminals inside Macau casinos are to be removed by July 1, as mandated by Chinese officials in May. The news was first reported by Bloomberg after discussing the new law with SJM Holdings CEO Ambrose So. The plan to restrict the use of UnionPay swiping devices remains largely...
- Macau’s lunar new year visits up despite Chinese ban on gambling, adultery
February 12, 2014
Civil servants in the northern Chinese province of Liaoning have been ordered not to cheat on their spouses or gamble, even on personal time. In future, anyone drawing a public salary in the Dadong district in Liaoning’s capital Shenyang will also be prohibited from taking drugs and talking trash on...
AGTech inks online lottery deal with China’s Alipay
March 24, 2017
China only pretending to fight bitcoin
September 12, 2017
Bitcoin recovers from price slump after China’s ICO ban
September 8, 2017