SJM Holdings Limited
HKG:0880 ISIN:HK0880043028
SJM Holdings Limited (SJM) is casino operator in Macau. SJM operates portfolio of casinos in Macau out of the six concessionaires and sub- concessionaires and offers an array of gaming experiences that cater to different types of gaming patrons. As of December 31, 2007, SJM operated 18 of the 28 casinos in Macau, featuring a total of 305 VIP gaming tables in 75 VIP rooms, 1,107 mass market gaming tables and 3,702 slot machines. On February 1, 2008, SJM commenced operations of Casino Ponte 16, which included 105 mass market gaming tables and 297 slot machines. As of December 31, 2007, SJM operated nine self-promoted casinos and 10 third party-promoted casinos. As of December 31, 2007, SJM's gaming tables accounted for approximately 65.3%. As of December 31, 2007, SJM's slot machines accounted for 27.9% of the total number of slot machines in Macau.
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Monday Wall Street rose as higher commodities prices boosted energy and mining companies. The US markets also received support from positive consumer spending in February. Asian markets closed mixed yesterday. Chinese stocks rallied as China said it plans to launch the long expected stock-index future in April 16. Shanghai Composite jumped 2.1 per cent to a two month high, while Hong Kong's Hang Seng Index climbed 0.9 per cent. South Korea's Kospi Composite was 0.3 per cent lower. Japan's Nikkei 225 lost 0.1 per cent.
All major indices in Asia opened significantly higher as the US government's plan on bad debts fires up investors' sentiment. Some markets rose 3% or more on Monday and extended their strong rising streak today with financial stocks react the most.
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