Macau’s SJM tries its luck with HK$25bn fundraising

By GlobalCapital
28 Jan 2016

Macau casino operator SJM Holdings is hunting for a HK$25bn ($3.2bn) loan to fund a new project in the city. Although the gaming industry in Macau is experiencing a lean period, loans bankers are expected to place their bets on SJM’s strong market position.

Industrial and Commercial Bank of China’s Macau branch has been approaching banks on behalf of SJM, said a banker familiar with the situation.

SJM is the holding company of Sociedade de Jogos de Macau, a group headed by gambling industry mogul Stanley Ho. The loan is being raised ...

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