SJM, Stanley Ho's firm that once had the casino operating monopoly in Macau, is going public.
Now facing competition in Macau from some of the giants of La Vegas, he is offering shares in the company that is still believed to be the biggest operator in the enclave, despite losing the monopoly in 2002. SJM is looking to raise more than US$655.
One market analyst said that SJM enjoyed an "unmatched relationship" with junket operators and travel agencies, but it has had less access to capital markets than its listed international competitors.
