Global Gaming and Casinos Industry Specialist, Casino Business Review LLC

Howard J Klein

I am a 25+ year c-level executive of the casino industry in operations, marketing, international development and strategic planning. Currently, a consultant specializing in the casino space. Industry expert contributor and publisher of a subscription letter called "The House Edge". Extensive experience in marketing and development in the Asian gaming market while a senior executive at Caesars, Ballys Grand and Trump Taj Mahal.
Part of senior executive teams that valued acquisitions and mergers with companies in the casino, hotel, d entertainment rant  and restaurant space.

Global Gaming and Casinos Industry Specialist

Casino Business Review LLC

Extensive experience in marketing and development in the Asian gaming market

Global Gaming and Casinos Industry

Equity Bottom-Up

<ul>
<li>Post CNY results point to the beginning of a sustainable recovery of the Macau gaming market, particularly in the mass segment where SJM has its greatest strength.</li>
<li>The company's new flagship Grand Lisboa Palace opened last July by phases and is expected to lead recovery of company fortunes in the out years.</li>
<li>Moody's downgrade not an immediate threat but still casts a shadow over out year's performance when refis must be securely in place.</li>
</ul>


Post CNY results point to the beginning of a sustainable recovery of the Macau gaming market, particularly in the mass segment where SJM has its greatest strength.
The company's new flagship Grand Lisboa Palace opened last July by phases and is expected to lead recovery of company fortunes in the out years.
Moody's downgrade not an immediate threat but still casts a shadow over out year's performance when refis must be securely in place.


SJM Holdings Ltd: A Bet on Macau Recovery Against a Moody's Downgrade Poses Dilemma for Investors