Macau casino SJM 2012 net profit up 27 percent

HONG KONG Wed Feb 27, 2013 5:37am EST

HONG KONG Feb 27 (Reuters) - Macau casino SJM Holdings Ltd , controlled by the family of billionaire tycoon Stanley Ho, posted a 27 percent increase in net profit for 2012.

SJM, in a statement to the Hong Kong stock exchange on Wednesday, said net profit for the last year was HK$6.7 billion ($863 million), just shy of a Thomson Reuters forecast of HK$6.8 billion.

Macau is the only place where Chinese nationals are legally allowed to gamble.

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