News: SJM Holdings completes the acquisition of the Venetian and will convert it into a self-operated casino

SJM Holdings Limited has completed the acquisition of all issued share capital of Triumph Development Limited, and the Triumph Casino will transition to a self-operated model. Starting from December 30, SJM Resorts will directly manage and operate the room services, dining facilities, retail, and gaming operations of the Triumph Hotel. This move will help consolidate its market position in the high-density tourism and entertainment area and deepen the synergy with the "Pousada" series properties. The Triumph Casino is the only project under SJM Holdings that has transitioned to self-operation through acquisition of ownership. The company's stock price opened flat on Monday, reporting HKD 2.45 at noon, down 1.21%