SJM Holdings Drops Plan to Acquire Casino Ponte 16 Property

Reuters11-20

SJM Holdings Drops Plan to Acquire Casino Ponte 16 Property

SJM Resorts has decided not to proceed with the previously intended acquisition of the property where Casino Ponte 16 is located, following a comprehensive business review and reassessment of its long-term strategy and resource allocation. As part of this decision, SJM Resorts and Pier 16 - Entertainment Group Corporation Limited have mutually agreed to terminate their service agreement, resulting in the closure of Casino Ponte 16 operations effective 29 November 2025. Employees at Casino Ponte 16 who are not employed by SJM Resorts will be given priority consideration for vacancies within the group to facilitate a smooth transition.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SJM Holdings Ltd. published the original content used to generate this news brief on November 20, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Employees at Casino Ponte 16 who are not employed by SJM Resorts will be given priority consideration for vacancies within the group to facilitate a smooth transition.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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