{"id":777010118,"date":"2023-10-13T09:13:20","date_gmt":"2023-10-13T12:13:20","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777010118"},"modified":"2026-04-22T17:09:24","modified_gmt":"2026-04-22T20:09:24","slug":"sjm-to-increase-annual-cap-on-larc-entertainments-revenue-share","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/sjm-to-increase-annual-cap-on-larc-entertainments-revenue-share","title":{"rendered":"SJM to increase annual cap on L’Arc Entertainment’s revenue share"},"content":{"rendered":"\n

SJM Holdings will increase the cap to HK$510m (US$65.2m).<\/p>\n\n\n\n\n\n\n\n

Macau.-\u00a0SJM Holdings<\/strong>\u00a0has reported that it will increase the annual cap on\u00a0L’Arc Entertainment Group Company’s<\/strong>\u00a0share of its casino-generated revenue.\u00a0<\/p>\n\n\n\n

Under an agreement that came into effect at the start of this year, L’Arc Entertainment Group,\u00a0an entity indirectly and entirely owned by SJM Holdings co-chairman and executive director Angela Leong On Kei, has been entitled to a portion of the monthly gross gaming revenue derived from its premises.\u00a0<\/p>\n\n\n\n

The entitlement comes with an annual cap, which is subject to periodic adjustments. Initially set at HK$253.1m (US$ 32.36m) until December 31, 2023, the cap will rise to HK$510m (US$65.2m). According to the filing, the aggregate services fee paid for the eight months leading up to August 31, 2023 was HK$183.6m (US$23.5m), roughly 72.5 per cent of the existing cap.<\/p>\n\n\n\n

For the year ending December 31, 2024, the annual cap is to rise to HK$10.2m (US$1.3m).<\/p>\n\n\n\n

See also:<\/strong> SJM Holdings to achieve \u2018normal\u2019 workforce by 2025, analysts say<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

SJM Holdings will increase the cap to HK$510m (US$65.2m).<\/p>\n","protected":false},"author":176,"featured_media":17520,"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 announced an increase in the annual cap for L'Arc Entertainment Group's share of casino-generated revenue. The cap for 2023 will rise from HK$253.1m to HK$510m, while the cap for 2024 is set to significantly decrease to HK$10.2m. This adjustment pertains to a related-party agreement with an entity indirectly owned by SJM's co-chairman.","focusai_entities":"SJM Holdings, L\u2019Arc Entertainment Group Company, Angela Leong On Kei","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), compliance_legal (0.85), operator_casino (0.75), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"2024 Cap Rationale?","query":"What is the strategic rationale behind the significant reduction of L'Arc Entertainment Group's annual revenue share cap to HK$10.2m for 2024, following its substantial increase for 2023?"},{"label":"Governance Implications?","query":"How does this adjustment to a related-party revenue share agreement align with SJM Holdings' corporate governance frameworks and disclosure obligations, particularly given the ownership structure of L'Arc Entertainment Group?"}],"footnotes":""},"categories":[157,16338],"tags":[23108],"class_list":["post-777010118","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\/777010118","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=777010118"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010118\/revisions"}],"predecessor-version":[{"id":777041144,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777010118\/revisions\/777041144"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17520"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777010118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777010118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777010118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}