SJM Holdings Ltd, a Macau casino operator part-owned by billionaire Stanley Ho, plans to raise as much as HK$4.7 billion (US$601 million) selling shares to investors in Hong Kong, the Apple Daily has reported.

SJM plans an initial public offering of stock that will begin trading on the Hong Kong exchange on July 11, the Hong Kong-based Chinese-language newspaper reported, without saying where it got the information. The gaming company failed to complete an IPO in February that sought to raise as much as US$1 billion, English-language South China Morning Post newspaper said on Saturday.