Together with our home base of Macau, the SJM Group has entered an exciting new era. No one is more pleased than we are to see Macau emerge as the major resort destination of China – an economic asset to the nation and a source of entertainment and enjoyment for so many people. SJM Holdings, through its operating subsidiary SJM Resorts, S.A. (formerly Sociedade de Jogos de Macau, S.A.), is committed to full participation in the unprecedented opportunities of this era which reflect the simultaneous growth and dynamism of our industry, of Macau and of China.