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>Legacy concessionaire SJM needs a strong performance from its Cotai flagship to create positive cash flow to service debt and keep gains in mass market share.</li>
<li>The company has closed 5 satellite casinos, a move that indicates a shift in strategic goals aimed at building out from its two IRs.</li>
<li>Thus far, SJM has not fully participated in the  early Macau recovery cycle to make it a BUY but it needs to build on its 81% of mass revenue.</li>
</ul>


Legacy concessionaire SJM needs a strong performance from its Cotai flagship to create positive cash flow to service debt and keep gains in mass market share.
The company has closed 5 satellite casinos, a move that indicates a shift in strategic goals aimed at building out from its two IRs.
Thus far, SJM has not fully participated in the  early Macau recovery cycle to make it a BUY but it needs to build on its 81% of mass revenue.


SJM Holdings Ltd: Large Refi of Debt Buys Time for Grand Lisboa Palace to Prove Its US$3b Cost