Tag Archives: SJM Holdings
China – SJM sees huge jump in net profit despite falling revenues
SJM Holdings has reported gaming revenue of HK$9,992m for the three months ended 30 September, representing a year-on-year decrease of 11.1 per cent. VIP gaming revenue was down 19.1 per cent to HK$4,403m whilst mass market gaming revenue was down 3.8 per cent to HK$5,317m. Slot machine and Tombola revenue was HK$272m, a decrease of…
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…
China – Macau Slot retains Macau sports betting monopoly
Macau Slot Co, the only sports betting company allowed in Macau, has had its license extended for another five years. The company owned by v who held a 40-year monopoly over the operation of casinos in Macau, will retain its monopoly on all sports betting except horse racing in Macau until at least June 5,…
China – April marks Macau’s 23rd month of decline amid talk of ‘stabilisation’
April’s Gross Gaming Revenues fell another 9.5 per cent in Macau, marking the 23rd consecutive month of decline as figures hit 17.341bn patacas (US$2.167bn). Despite the loss, the buzzword for operators and analysts alike was ‘stabilisation.’ April was seen as being a typically weak month for Macau’s casinos with performance better than expected by many…
China – SJM profits slashed by 81 per cent as Macau gloom continues
SJM Holdings, the operator that held a monopoly for casinos in Macau for 40 years, has lost more than just market share in the third quarter, reporting a fall in profit of over 80 per cent. Gaming revenue for the three months ending September 30 fell by 38 per cent to HKD 11.2b (US $1.45bn),…
China – SJM’s half year falls by 40 per cent
Macau operator SJM Holdings has been hit hard by the slump in the money-making market with Gross Gaming revenue falling by 40.3 per cent for the first six months of the year ending June 30, to HK$26.3bn ($3.3bn). As expected VIP revenue was hit hardest with a decrease in GGR of 48.7 per cent to…
China – SJM’s first quarter profit almost halved
Macau’s one time sole license holder SJM Holdings saw its first quarter profit plunge by 46.5 per cent, to HKD1,004m (US$129m) with GGR falling a 37.3 per cent. Dr. Ambrose So, Chief Executive Officer of SJM Holdings Limited, said: “Challenges in the economic environment for Macau gaming persisted in the first quarter of 2015. With…
South Korea – SJM linked to management of Paradise City
Newspaper reports out of Seoul are stating that Macau-based SJM Holdings has been offered the chance to jointly manage the future casino at Incheon International Airport by its owners and developers; Paradise and Sammy Holdings. None of the parties involved have so far commented on the link. If it were to materialise it would mark…
China – September sees Galaxy take biggest share of Macau market
Galaxy Entertainment has taken first place in terms of market share in Macau, overtaking Sands China who accounted for 21.8 per cent of Macau’s GGR in September and SJM, who held 20.9 per cent. Galaxy, founded by Lui Che Woo, seized 22.9 per cent of Macau’s gaming market. Grant Govertsen, an analyst with Union Gaming…
