{"id":777002976,"date":"2023-03-03T13:06:04","date_gmt":"2023-03-03T16:06:04","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777002976"},"modified":"2026-04-23T00:07:03","modified_gmt":"2026-04-23T03:07:03","slug":"sjm-renews-services-leasing-and-chips-agreement-with-stdm","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/sjm-renews-services-leasing-and-chips-agreement-with-stdm","title":{"rendered":"SJM renews services, leasing and chips agreement with STDM"},"content":{"rendered":"\n<p>STDM Group will continue to provide hotel accommodation, entertainment, transportation, maintenance services, laundry services, hotel management and operation to SJM.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- <strong>SJM Holdings<\/strong> has announced through a company filing tht it has renewed its products and services master agreement with STDM. Under the renewed products and services master agreement, the STDM Group will continue to provide hotel accommodation, entertainment, transportation, maintenance services, laundry services, hotel management and operation, and promotional and advertising services until the end of December 2025.<\/p>\n\n\n\n<p>From April 1 2002,<strong> SJM Resorts had been borrowing STDM Chips for its business operation<\/strong>. It has since secured its gaming chip supply and no longer borrows STDM chips but many are still in circulation. The overall value of the STDM chips redeemed has declined and the companies agreed on setting an annual cap on transactions of HK$76m (US$9.68m) from 2023 until 2025.<\/p>\n\n\n\n<p><strong>See also:<\/strong> <a href=\"https:\/\/focusgn.com\/asia-pacific\/sjm-holdings-renews-satellite-casino-deal-with-larc-entertainment\" data-type=\"URL\" data-id=\"https:\/\/focusgn.com\/asia-pacific\/sjm-holdings-renews-satellite-casino-deal-with-larc-entertainment\" target=\"_blank\" rel=\"noreferrer noopener\">SJM Holdings renews satellite casino deal with L\u2019Arc Entertainment<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>STDM Group will continue to provide hotel accommodation, entertainment, transportation, maintenance services, laundry services, hotel management and operation to SJM.<\/p>\n","protected":false},"author":176,"featured_media":19388,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"SJM Holdings has renewed its master agreement with STDM Group, ensuring the continued provision of essential operational services including hotel management, entertainment, and promotional activities until December 2025. Concurrently, the companies have established an annual transaction cap of HK$76m (US$9.68m) for the redemption of legacy STDM gaming chips, reflecting SJM's transition to self-supplied chip inventory.","focusai_entities":"STDM Group, SJM Holdings, SJM Resorts, L\u2019Arc Entertainment","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"SJM's Operational Efficiency","query":"How does the renewed master agreement with STDM Group, particularly the services scope and duration, impact SJM Holdings' long-term operational efficiency and cost structure post-concession renewal?"},{"label":"Legacy Chip Liability","query":"What are the precise accounting implications and potential future liabilities associated with the HK$76m annual cap on STDM chip redemptions, given the ongoing circulation of these legacy gaming instruments?"}],"footnotes":""},"categories":[157,16338],"tags":[23108],"class_list":["post-777002976","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-sjm-holdings"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002976","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777002976"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002976\/revisions"}],"predecessor-version":[{"id":777002982,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002976\/revisions\/777002982"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/19388"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777002976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777002976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777002976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}