Ho Hung-san Family (SJM)
Overview
Founded by Stanley Ho in 1962, SJM Holdings is a leading casino operator in Macau. Core businesses include casino gaming, hospitality, and entertainment. SJM held a monopoly until 2002 and remains a major player, though facing increased competition.
Description
SJM Holdings, founded by Stanley Ho, is a key Macau casino and hospitality operator.
Leadership
Governance
Controlled by the Ho family through Sociedade de Turismo e Diversões de Macau (STDM). Key entities include SJM Holdings Ltd and STDM. Decision-making is centralized under family leadership, with Daisy Ho as chairman.
Succession
Stanley Ho's death in 2020 led to a complex succession. Daughter Daisy Ho chairs SJM Holdings, while other children hold stakes. Transition is ongoing, with potential for internal disputes.
Public-Sector Context
Historically strong ties with Macau and Chinese governments due to monopoly era. Regulatory influence through gaming concessions. Risk factors include tighter oversight and anti-corruption campaigns.