Gaming revenues to remain flat as anti-corruption drive continues, says SJM chief

SJM Holdings Ltd Chief Executive Officer Ambrose So said he's bearish about Macao gambling revenue from high rollers over the next six months as President Xi Jinping escalates his anti-corruption drive.

The chief executive of Asia's largest casino operator expects industrywide gaming revenue to be flat or drop slightly this year, So said in an interview in Macao on Tuesday. He forecast a "high single-digit" growth for 2015.

"The prospect of VIP market is gloomy," So said. "If you ask me now, I'm bearish toward the VIP market for the next six months. I don't know how to read the future beyond that."