Ambrose So Shu Fai, Vice Chairman and CEO for Macau gaming operator SJM Holdings, has confirmed that the company is negotiating a new revenue-sharing arrangement with its satellite casinos due to the soaring operating costs. While the CEO did not divulge details about the new arrangement, he did acknowledge that the operator is asking for a bigger share, arguing that gaming operators are subject to higher operating pressure than satellite casinos, according to Ming Pao News. "[Gaming operators] cannot sack people [local staff] and have to afford the running expenses as usual, averaging more than [HK]$10 million a day, while...