SJM pushes mass-market minimum bets up

2013-6-3

From：Macau Business

Casino operator SJM Holdings Ltd has raised the minimum bets in over 10 percent of its mass-market tables since the beginning of the year, chief executive Ambrose So Shu Fai told reporters on Friday.

Mr So explained that the minimum stake is adjusted regularly according to market conditions, our sister publication Business Daily reports.

He added that SJM Holdings is looking to increase mass-market tables and raise revenue at the most profitable casinos.

However, Mr So said the company has no plans to purchase any of its own satellite casinos. Satellite casinos are third-party run casinos, which operate under the licence of one of the city’s six casino operators.

Last month, Galaxy Entertainment Group Ltd announced the acquisition of Grand Waldo, one of its own satellite casinos.

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