SJM Holdings, a Macau gaming operator, has declared the selection of David Du as its new Chief Financial Officer, effective immediately.
Du takes the place of Robert Earl, who resigned from the position on the first of January but will remain as an advisor to SJM Holdings subsidiary, Sociedade de Jogos de Macau.
Du has been serving as the Chief Operating Officer of Finance and Development at Sociedade de Jogos de Macau since last October.
Before this role, he was the Chief Financial Officer at Shangri-La Asia Limited, and also held the positions of Chief Financial Officer, Executive Vice President and Executive Director at Sands China Ltd.
SJM Holdings stated: “The Board would like to express gratitude to Mr. MacBain for his significant contributions to the company during his time as CFO and extend a warm welcome to Mr. Du in his new position.”
This appointment follows SJM Holdings’ November report of an 89.6% year-on-year decrease in its third-quarter net gaming revenue, as its land-based operations continued to be restricted due to the COVID-19 crisis.
Net gaming revenue for the three months ending September 30 amounted to HK$879 million (£83.3 million/€92.4 million/$113.4 million), a significant drop from HK$8.24 billion in 2019.
Sign up for the iGaming News newsletter.