{"id":165396,"date":"2025-11-20T19:23:56","date_gmt":"2025-11-20T12:23:56","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sjm-cancels-plan-to-buy-ponte-16-but-pursues-deal-for-larc-macau\/"},"modified":"2025-11-21T06:43:57","modified_gmt":"2025-11-20T23:43:57","slug":"sjm-cancels-plan-to-buy-ponte-16-but-pursues-deal-for-larc-macau","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sjm-cancels-plan-to-buy-ponte-16-but-pursues-deal-for-larc-macau\/","title":{"rendered":"SJM cancels plan to buy Ponte 16, but pursues deal for L\u2019Arc Macau"},"content":{"rendered":"<p>&#013;<br \/>\nIntegrated 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\u2019s nine satellite gambling venues directed to halt operations under the city\u2019s revised gaming laws.<br \/>\n\u201cFollowing a comprehensive business review and after a thorough assessment of long-term business planning, commercial considerations and resource prioritisation across the group\u2019s portfolio, SJM Resorts will not proceed with the&#8230;&#013;<br \/>\n&#013;<br \/>\nSource : South China Morning Post&#013;<br \/>\nRead more&#8230;<a href=\"https:\/\/www.scmp.com\/business\/companies\/article\/3333584\/sjm-cancels-ponte-16-acquisition-pursues-deal-larc-macau?utm_source=rss_feed\" target=\"_blank\" rel=\"noopener\">SJM cancels plan to buy Ponte 16, but pursues deal for L\u2019Arc Macau<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#013; Integrated resorts operator SJM Holdings, one of the six licensed casino concessionaires in Macau, has&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-165396","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-H1G","jetpack-related-posts":[{"id":101207,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/macau-theme-park-and-resort-latest-firm-to-bet-big-on-family-tourism-with-line-friends-themed-hotel-launch\/","url_meta":{"origin":165396,"position":0},"title":"Macau Theme Park and Resort latest firm to bet big on family tourism with Line Friends themed hotel launch","date":"November 13, 2018","format":false,"excerpt":"\r When the son of Macau casino king Stanley Ho Hung-sun \u00adunveiled his company\u2019s latest development in the city, the HK$5 billion Lisboeta resort in Cotai, last month, he was clear it was not going to be just another gambling destination. \u201cThe clientele I\u2019m going for is \u2026 family travellers.\u201d\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101033,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/wynn-macau-shares-dive-despite-a-148-per-cent-jump-in-third-quarter-profit\/","url_meta":{"origin":165396,"position":1},"title":"Wynn Macau shares dive despite a 148 per cent jump in third-quarter profit","date":"November 8, 2018","format":false,"excerpt":"\r Shares of Wynn Macau, chaired by Hong Kong-based entertainment tycoon Allan Zeman, dived on Thursday even though the company posted a 148 per cent jump in third quarter profit from a year earlier. Net profit for the Macau unit of Wynn Resorts in Las Vegas, reached US$223.5 million. The\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":79862,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mgm-china-ceo-sees-appeal-of-cotai-resort-offsetting-delayed-opening\/","url_meta":{"origin":165396,"position":2},"title":"MGM China CEO sees appeal of Cotai resort offsetting delayed opening","date":"February 14, 2018","format":false,"excerpt":"\r MGM Resorts International finally opened its US$3.4 billion MGM Cotai casino resort in Macau on Tuesday after a series of delays, saying that it was confident the new property would have enough appeal to offset any loss of momentum due to its late opening. The resort\u2019s opening has been\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116391,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-unveils-financial-plan-for-hong-kong-macau-to-spur-tighter-embrace-of-greater-bay-area-master-plan\/","url_meta":{"origin":165396,"position":3},"title":"China unveils financial plan for Hong Kong, Macau to spur tighter embrace of Greater Bay Area master plan","date":"May 15, 2020","format":false,"excerpt":"\r China\u2019s central bank and financial regulators unveiled a sweeping plan to spur cross-border financial services, transactions and investments between Hong Kong, Macau and nine Guangdong provincial cities to develop the so-called Greater Bay Area (GBA) into one of the world\u2019s largest economic regions.Under the plan, residents of Hong Kong\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120702,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/consortium-of-wing-tai-properties-brother-of-former-hong-kong-chief-executive-tung-chee-hwa-and-macau-casino-operator-francis-lui-buys-office-building-in-london-for-us356-million\/","url_meta":{"origin":165396,"position":4},"title":"Consortium of Wing Tai Properties, brother of former Hong Kong chief executive Tung Chee-hwa and Macau casino operator Francis Lui buys office building in London for US$356 million","date":"February 28, 2021","format":false,"excerpt":"\r A consortium formed by Wing Tai Properties, the brother of former Hong Kong Chief Executive Tung Chee-hwa and Macau casino operator Francis Lui Yiu-tung has agreed to buy an office building in London for an estimated \u00a3255 million (US$356.8 million).All the office space in the 11-storey building at 66\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103280,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/we-develop-properties-for-the-next-generation-traveler-melco-ceo\/","url_meta":{"origin":165396,"position":5},"title":"We develop properties for the &#039;next generation&#039; traveler: Melco CEO","date":"January 24, 2019","format":false,"excerpt":"\r Lawrence Ho, CEO and chairman of Melco Resorts & Entertainment, says one of its properties, Studio City in Macau, is in a \"very sweet spot\" to benefit from China\u2019s Greater Bay Area initiative.\r \r Source : cnbc.com\r Read more...We develop properties for the 'next generation' traveler: Melco CEO","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/165396"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=165396"}],"version-history":[{"count":1,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/165396\/revisions"}],"predecessor-version":[{"id":165397,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/165396\/revisions\/165397"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=165396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=165396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=165396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}