05/24/22 SJM to absorb workers left unemployed by satellite casino closures SJM Holdings has said that workers affected by the closure of satellite casinos linked to the company will not be left without work.
05/10/22 Grand Lisboa Palace opens new retail area for local brands SJM’s Cotai resort has opened a new retail area as part of an initiative to promote Macau’s home-grown brands.
05/04/22 SJM Holdings could access US$637m loan from shareholder STDM The casino operator continues to face a critical financial situation and could seek a loan from its largest shareholder to confront liquidity problems.
05/03/22 SJM Holdings GGR down 4.2% in Q1 The Macau casino operator has reported gross gambling revenue of HK$2.54bn for the first quarter of the year.
04/25/22 Analysts at JP Morgan raise concerns about SJM Holdings’ liquidity According to analysts, SJM Holdings has only about six months of liquidity runway.
04/22/22 SJM chairman confident about next concession period in Macau Daisy Ho Chiu Fung, chairman of SJM Holdings, says the company has been preparing for the tender process and is confident it will continue operating in Macau.
03/03/22 SJM and GEG announce special paid leave for vaccination SJM Holdings and Galaxy Entertainment Group are the latest Macau operators to offer special paid leave for workers who need to accompany children and elderly parents for vaccination.
03/01/22 SJM Holdings reports net loss of US$530.3m for 2021 The Macau casino operator has reported a net loss of HKD4.14bn (US$530.3m) for the year.
02/21/22 Fitch downgrades SJM Holdings default rating Fitch Ratings has downgraded SJM Holding’s senior unsecured rating from BB+ to BB.
02/11/22 Moody’s downgrades SJM Holdings ratings Analysts at Moody’s Investors Service have downgraded SJM Holdings Ltd’s corporate family rating from Ba1 to Ba2.
01/03/22 Wynn Macau and SJM to award employees with a special bonus Wynn Macau has announced it will pay a special allowance, equivalent to one month’s salary, to 97.8 per cent of its 12,000 employees. SJM will also provide an “annual living subsidy” to eligible employees.
12/16/21 SJM Holdings CEO confident about Macau casino licence renewal Ambrose So Shu Fai has said SJM Holdings is optimistic that its gaming concession will be renewed.
12/09/21 SJM Holdings and Galaxy to continue working with junket operators SJM Holdings and Galaxy Entertainment Group have revealed that they will maintain their cooperation agreements with junket operators at least until the end of current contracts.
