Tag Archives: SJM Resorts
China – SJM revenues running at 56 per cent of pre-pandemic levels
SJM Holdings saw its revenues boom by 241 per cent in the three months to June 30 2023, marking an increase of 35 per cent from the March quarter but operating at just 56 per cent of the revenues generated for the corresponding period before the pandemic. Net gaming revenue earned by SJM Resorts, a…
China – Dismal year in Macau sees SJM post loss of US$994m
A year-on-year downturn in gaming revenues of 38 per cent has seen macau operator SJM Resorts post a loss HK$7.8bn (US$994m) in 2022 with VIP gaming down 64 per cent, mass gaming down 35 per cent and slots down by 23 per cent. Net gaming revenue earned by SJM Resorts wasnHK$6,092m in 2022, as compared…
China – SJM dealt crushing table reduction of 37 per cent as satellite casino crackdown takes hold
Macau operator SJM Resorts was the biggest loser in the reallocation of table games and slots by the Macau government losing 743 gaming tables or 37 per cent of its previous total. SJM has been given 1,250 gaming tables and 1,700 electronic gaming machines under the new concession period commencing on 1 January 2023, down…
China – SJM’s loss widens as revenues fall by 60 per cent
Losses widened for Macau’s original gaming operator SJM in its third quarter with revenues down by nearly 60 per cent. Net gaming revenue of the Group in Q3 2022 was HK$913m, as compared with HK$2,276m in Q3 2021, and for the nine months ended 30 September 2022, net gaming revenue was HK$4,724m, as compared with…
China – Sanford C. Bernstein links Genting’s Macau bid with SJM’s ‘financial difficulties’
Sanford C. Bernstein believes that Genting Malaysia’s effort to gatecrash the six current casino licence holders in Macau could see it team up with the SAR’s originally casino group SJM due to its ‘financial difficulties.’ SJM Holdings recently reported a loss of HK$2.75bn in the first half of the year, 88 per cent more than…
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 – TCS John Huxley supplied the Grand Lisboa Palace in Macau
TCS John Huxley was delighted to be chosen by the Macau casino operator SJM Holdings Ltd, to supply Grand Lisboa Palace, their exclusive new casino resort. The HKD39bn (US$5bn) luxury Grand Lisboa Palace casino resort opened its doors to the public on July 30 and is SJM Holdings’ first venture into Macau’s Cotai district. The…
China – SJM sees first half revenue increase by 19 per cent
SJM Resort’s net gaming revenue in the first half of 2021 increased by 18.8 per cent to HK$5,076m from HK$4,272m in the year-earlier period, whilst Adjusted EBITDA improved by 48.2 per cent to a negative HK$510m from a negative HK$984m. Loss attributable to owners of the company was HK$1,466n, 3.8 per cent greater than HK$1,412m…
China – Grand Lisboa Palace Resort Macau officially opens its doors
The highly-anticipated Grand Lisboa Palace Resort Macau, developed by SJM Resorts in Cotai, officially opened its doors to the public on Friday. The venue opened with 150 new mass gaming tables with a request to relocate a further 118 from four self-promoted casinos and 14 satellite casinos, which will see VIP gaming launched at the…
