SJM Holdings has reported that net gaming revenue fell 59.9 per cent year-on-year.<\/p>\n\n\n\n\n\n\n\n
Macau.- SJM Holdings Limited has shared its financial results for the three months ended September 30. Its net loss widened to HK$1.89bn (US$241.5m)<\/strong>, compared to a loss of HK$1.25bn in the third quarter of last year. The net loss for the nine months ending September 2022 was HK$4.65bn<\/strong>. <\/p>\n\n\n\n Net gaming revenue for Q3 was HK$913m <\/strong>(US$116.3m), down 59 per cent year-on-year. Adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) for the quarter was negative HK$968m, compared to negative HK$460m in the third quarter of 2021.<\/p>\n\n\n\n The Grand Lisboa Palace, the Group\u2019s integrated resort on Cotai, reported gross revenue of HK$115m (US$14.7m), including gross gaming revenue of HK$46m (US$5.9m) and non-gaming revenue of HK$69m (US$8.8m).<\/p>\n\n\n\n The casino operator reported it had HK$4.5bn in cash, bank balances, short-term bank deposits and pledged bank deposits and HK$26.8bn of debt as of September 30. The company noted that in June it reached an agreement with a banking syndicate<\/a> <\/strong>led by the Industrial and Commercial Bank of China (Macau) for syndicated loan facilities worth up to HK$19bn (US$2.4bn)<\/a>.<\/p>\n\n\n\nSJM Resorts supports Macau demands for non-gaming investment<\/h2>\n\n\n\n