{"id":21000,"date":"2021-08-03T10:25:57","date_gmt":"2021-08-03T13:25:57","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=21000"},"modified":"2026-04-23T16:59:50","modified_gmt":"2026-04-23T19:59:50","slug":"sjm-holdings-posts-us188-5m-net-loss-for-h1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/sjm-holdings-posts-us188-5m-net-loss-for-h1","title":{"rendered":"SJM Holdings posts US$188.5m net loss for H1"},"content":{"rendered":"\n

The Macau casino operator has reported a net loss of nearly HKD1.47bn (US$ 188.5m) for the first six months of the year.<\/p>\n\n\n\n\n\n\n\n

Macau.- SJM Holdings<\/a> <\/strong>has reported that revenue in the first six months<\/strong> of the year was up 19 per cent <\/strong>year-on-year to HKD5.22bn.<\/p>\n\n\n\n

Adjusted EBITDA<\/strong>\u00a0came in at HKD510m in the second quarter with a negative margin of 9.8 per cent, compared with\u00a0a negative 22.5 per cent from the previous year period<\/strong>,\u00a0<\/strong>while net losses reached HKD1.47bn (US$ 188.5m).<\/p>\n\n\n\n

The company said that despite the Covid-19 pandemic, \u201ccertain results showed improvement\u00a0<\/strong>in comparison with the first half of 2020.\u201d<\/p>\n\n\n\n

Net gaming revenue was up 18.8 per cent year-on-year<\/strong> to HKD5.08bn while mass-market table GGR was up 33.2 per cent to HKD4.39bn. VIP gross revenue<\/strong>\u00a0for the first half stood at HKD855.6m, down 37.5 per cent, while revenue from slot machines was up 12.7 per cent year-on-year to HKD264.6m.<\/p>\n\n\n\n

SJM opened one of the\u00a0Grand Lisboa Palace<\/a>‘s hotel towers last week after a long delay. Daisy Ho Chiu Fung, SJM chairman and executive director, said the venue received approval for 150 gaming tables\u00a0<\/strong>and that the second phase launch will depend on the pandemic and travel restrictions.\u00a0<\/p>\n\n\n\n

She said: “We hope that by the end of this year we should be able to open up entirely.\u201d<\/p>\n\n\n\n

When complete,\u00a0Grand Lisboa Palace<\/strong>\u00a0will have\u00a0around 2,000 hotel rooms<\/strong>\u00a0split between three venues: The Lisboa Palace Hotel, Palazzo Versace Macau, and Karl Lagerfeld Hotel luxury boutique hotel. It will have\u00a027,000 square metres of gaming floor space\u00a0<\/strong>(290,000 sq ft) for up to\u00a0700 gaming tables and 1,200 electronic gaming machines<\/strong>.<\/p>\n\n\n\n

Daisy Ho Chiu Fung<\/a>\u00a0has predicted the venue could take 12 months to break even. <\/p>\n","protected":false},"excerpt":{"rendered":"

The Macau casino operator has reported a net loss of nearly HKD1.47bn (US$ 188.5m) for the first six months of the year.<\/p>\n","protected":false},"author":176,"featured_media":17520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"SJM Holdings reported a net loss of HKD1.47bn for H1, despite a 19% year-on-year revenue increase to HKD5.22bn, driven by mass-market GGR growth. The partial opening of the Grand Lisboa Palace, with 150 approved gaming tables, signals a strategic expansion, though its full operationalization and projected 12-month break-even period remain contingent on pandemic-related travel restrictions.","focusai_entities":"SJM Holdings, Daisy Ho Chiu Fung, Grand Lisboa Palace, The Lisboa Palace Hotel, Palazzo Versace Macau, Karl Lagerfeld Hotel","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (0.9), investor_analyst (0.98), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GLP Break-Even Analysis","query":"Given the HKD1.47bn H1 net loss and the 12-month break-even projection for Grand Lisboa Palace, what specific operational efficiencies or market recovery milestones are critical for SJM Holdings to achieve this target, particularly concerning mass-market GGR contribution versus VIP segment volatility?"},{"label":"Macau Market Recovery","query":"How does SJM's H1 performance, specifically the 33.2% increase in mass-market table GGR contrasting with the 37.5% decline in VIP gross revenue, reflect the broader structural shifts and recovery patterns within the Macau gaming market post-pandemic, and what are the implications for other concessionaires?"}],"footnotes":""},"categories":[16338,163],"tags":[23108],"class_list":["post-21000","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-sjm-holdings"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/21000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=21000"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/21000\/revisions"}],"predecessor-version":[{"id":21020,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/21000\/revisions\/21020"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17520"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=21000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=21000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=21000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}