Integrated resorts operator SJM Holdings, one of the six licensed casino concessionaires in Macau, has abandoned a plan to acquire Ponte 16, which is among the firm’s nine satellite gambling venues directed to halt operations under the city’s revised gaming laws. “Following a comprehensive business review and after a thorough assessment of long-term business planning, commercial considerations and resource prioritisation across the group’s portfolio, SJM Resorts will not proceed with the…
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