SJM Holdings<\/strong><\/em><\/a> recoded a HK$3.2 billion (\u20ac376.2 million) profit for FY19, a 12.5 per cent year-on-year increase.<\/p>\n\n\n\nThe company also reported HK$4.2 billion (\u20ac493 million) in adjusted EBITDA, a 13.2 per cent year-on-year increase, despite seeing a 1.2 per cent year-on-year fall in net gaming revenues to HK$33.1 billion (\u20ac3.8 billion).<\/p>\n\n\n\n
The group held a 14.1 per cent share of Macau\u2019s gross gaming revenue in 2019, including 18.2 per cent of mass market table gaming revenue and 10.4 per cent of VIP gaming revenue.<\/p>\n\n\n\n
Regarding the Covid-19 pandemic, the group said it expects the crisis to have a material impact on the group\u2019s results in the first half of 2020 and potentially beyond. <\/p>\n\n\n\n
“It is not possible to predict the full extent or duration of the impact, however, as it will depend on the progression of the disease and efforts to control it”, the company’s Chairman and Executive Director, Daisy Ho, said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"
Casino operator SJM Holdings saw profits rise 12.5% year-on-year.<\/p>\n","protected":false},"author":2,"featured_media":0,"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 12.5% year-on-year profit increase to HK$3.2 billion for FY19, with adjusted EBITDA rising 13.2%, despite a 1.2% fall in net gaming revenues. The operator maintained a 14.1% share of Macau's gross gaming revenue, but anticipates a material impact from the COVID-19 pandemic on its H1 2020 results and beyond.","focusai_entities":"SJM Holdings, Daisy Ho","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"COVID-19 Impact Analysis","query":"What specific operational adjustments or capital expenditure reallocations is SJM Holdings contemplating to mitigate the 'material impact' of the COVID-19 pandemic on its H1 2020 and subsequent financial performance?"},{"label":"Market Share Strategy","query":"Given the slight decline in net gaming revenues despite profit growth, what strategic initiatives is SJM Holdings implementing to defend or expand its 14.1% GGR market share in Macau, particularly within the mass market and VIP gaming verticals?"}],"footnotes":""},"categories":[160,16338,163],"tags":[257],"class_list":["post-4655","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-east-asia-news","category-finance-news","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4655","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=4655"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4655\/revisions"}],"predecessor-version":[{"id":4660,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/4655\/revisions\/4660"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=4655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=4655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=4655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}