Tag Archives: Grand Lisboa
China – Grand Lisboa forced to close with 13 confirmed COVID cases
Macau operator SJM Resorts has been forced to close its Grand Lisboa hotel with COVID cases involving its employees rising to 13. The property has been identified by the Health Bureau as the 18th COVID cluster in Macau. SJM said: “With regard to Grand Lisboa being listed as Red Code Zone, SJM Resorts, S.A. reaffirms its…
China – SJM reports profit despite 33 per cent drop in revenue at Grand Lisboa
SJM Holdings saw its profit increase by 4.5 per cent in Macau, year-on-year in the third quarter of 2019, although gaming revenue fell by 3.2 per cent. Profit came in at HKD738m (US$94.1m) for the three months to September 30 with GGR coming in at HKD8.06bn. GGR at the company’s flagship Casino Grand Lisboa fell…
China – SJM shows marked improvement but analysts ‘remain on the sidelines’
Sociedade de Jogos de Macau, (SJM Holdings) the operator who once ran every casino in Macau, has finally had something to shout about with its third quarter earnings although analysts gave a rather muted appraisal. SJM has been left behind somewhat with the migration of players to Cotai although it said: “Construction of the Grand…
China – SJM sees revenue, EBIDTA and profit all rise in first half
Market share continued to slide for Macau’s once casino monopoly holder Sociedade de Jogos de Macao (SJM) although the company was buoyant in the first half of 2018 with profit up 57 per cent. The group’s net gaming revenue, Adjusted EBITDA and profit attributable to owners of the company increased by 9.6 per cent, 29.9…
China – SJM Holdings slides further in second quarter
Sociedade de Jogos de Macau, the group that once held a monopoly over casinos in Macau, delivered worse than expected second quarter results with gaming revenue down by 20.7 per cent, Adjusted EBITDA down 27.8 per cent and profit attributable to owners of the company down 38.7 per cent. Dr. Ambrose So, Chief Executive Officer…
