Part V: Regional & Cultural · Asia-Pacific Regional Terms

SJM Holdings (Sociedade de Jogos de Macau)

Macau — CorporateREPORTED

SJM Holdings is one of Macau’s six gaming concessionaires and the successor to Stanley Ho’s Sociedade de Turismo e Diversões de Macau (STDM). Founded in 2002 when the gaming monopoly ended, SJM operates casino properties including the iconic Grand Lisboa on the Macau Peninsula and the Grand Lisboa Palace Resort on Cotai. The company was listed on the Hong Kong Stock Exchange in 2008 and secured a new 10-year gaming concession in 2022 valid through 2032.

In practice

SJM remained the largest operator in Macau for several years after liberalization. Its dominance has eroded with the entry of U.S. operators but it remains a significant player, especially on the Macau Peninsula. Its share of Macau GGR was 13.1% in 2024 and 11.9% in 2025 (company results, as reported).

One entry from the Casino Industry Glossary, 1,090 terms written for surveillance, compliance and operations professionals rather than for players. Definitions describe industry usage; where a term carries a regulatory meaning, verify against the instrument that governs your jurisdiction.