SJM Confirms L’Arc Acquisition While Pulling Back From Ponte 16 Deal
SJM Holdings has reshaped its satellite casino strategy, announcing that it will complete the purchase of L’Arc Hotel and Casino L’Arc Macau while ceasing efforts to acquire Ponte 16. The decision marks a significant change for the concessionaire ahead of the mandatory end of satellite casino contracts due by January 2026. Through a HKD1.75 billion agreement, SJM will […]
SJM Holdings has reshaped its satellite casino strategy, announcing that it will complete the purchase of L’Arc Hotel and Casino L’Arc Macau while ceasing efforts to acquire Ponte 16. The decision marks a significant change for the concessionaire ahead of the mandatory end of satellite casino contracts due by January 2026. Through a HKD1.75 billion agreement, SJM will […]
