{"id":24233,"date":"2021-11-04T11:36:42","date_gmt":"2021-11-04T14:36:42","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=24233"},"modified":"2026-04-23T14:08:50","modified_gmt":"2026-04-23T17:08:50","slug":"grand-lisboa-palace-posts-us8-9-in-gaming-revenue-in-q3","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/grand-lisboa-palace-posts-us8-9-in-gaming-revenue-in-q3","title":{"rendered":"Grand Lisboa Palace posts US$8.9 in gaming revenue in Q3"},"content":{"rendered":"\n

SJM Holdings has reported that gaming revenue from Grand Lisboa Palace in Q3 was HKD69m.<\/p>\n\n\n\n\n\n\n\n

Macau.-\u00a0SJM Holdings<\/strong> has reported that Grand Lisboa Palace, the Group\u2019s integrated resort on Cotai, saw gross gaming revenue of HKD69m (US$8.9m)\u00a0and non-gaming revenue of HKD59m for Q3. Adjusted property EBITDA was negative HKD176m.<\/p>\n\n\n\n

HKD57m came from mass-market table games<\/strong> and HKD12m from slot machines. The mass table drop was HKD358m, and the non-rolling chip win was 15.9 per cent.\u00a0<\/p>\n\n\n\n

Grand Lisboa\u2019s total revenue for the quarter was HKD128m<\/strong>. SJM Holdings as a whole saw its loss in the third quarter expand to HKD1.25bn, compared with HKD1.03bn recorded the previous year. The cumulative net loss for the nine months ended September 30 was HKD2.71bn, compared with a loss of HKD2.44bn for the same period last year.<\/p>\n\n\n\n

The company, which also operates the Grand Lisboa Casino and Lisboa Casino Hotel on the Macau Peninsula, generated a negative adjusted EBITDA of HKD460m, which compares to negative HKD782m in Q3 2020. Net gaming revenue in the quarter was HKD2.28bn<\/strong>, up from HKD841m in Q3 2020.<\/p>\n\n\n\n

As of September 30,\u00a0the total investment cost of the Grand Lisboa Palace was HKD37.8bn<\/strong>. Grand Lisboa Palace<\/a>\u00a0opened one of its towers with 300 rooms on July 30.<\/p>\n\n\n\n

SJM Holdings expects casino licence renewal for ten years<\/h2>\n\n\n\n

SJM Holdings<\/a> expects authorities will extend its gaming licence<\/strong> beyond the current expiration date of June 26, 2022. It expects the extension won\u2019t be for twenty years but for around ten years.<\/p>\n\n\n\n

During an investor meeting, the company told Goldman Sachs the concession length would be longer than five years yet more limited than 20 years. The current city\u2019s gaming laws state that\u00a0licences can be extended for up to five years<\/strong>\u00a0from the original 20-year term.<\/p>\n","protected":false},"excerpt":{"rendered":"

SJM Holdings has reported that gaming revenue from Grand Lisboa Palace in Q3 was HKD69m.<\/p>\n","protected":false},"author":176,"featured_media":20947,"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 Q3 2021 financial results, including HKD69m GGR from the newly opened Grand Lisboa Palace, contributing to a group-wide net loss of HKD1.25bn. The company also anticipates a ten-year extension for its Macau gaming concession, expiring June 2022, a critical development for its operational continuity and market valuation.","focusai_entities":"SJM Holdings, Grand Lisboa Palace, Grand Lisboa Casino, Lisboa Casino Hotel, Goldman Sachs","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.85), compliance_legal (0.8), operator_casino (0.9), investor_analyst (0.98), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GLP Ramp-up Projections?","query":"What are SJM Holdings' revised projections for Grand Lisboa Palace's GGR and EBITDA contribution as more facilities open and visitation recovers?"},{"label":"Concession Renewal Impact?","query":"How might a ten-year concession renewal, rather than a longer term, influence SJM Holdings' long-term capital expenditure plans and strategic market positioning in Macau?"}],"footnotes":""},"categories":[157,16338],"tags":[23808,23906],"class_list":["post-24233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-grand-lisboa-palace","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24233","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=24233"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24233\/revisions"}],"predecessor-version":[{"id":24246,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24233\/revisions\/24246"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/20947"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=24233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=24233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=24233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}