Under the new concessions<\/a>, operators have to submit annual execution proposals for 2023, outlining specific projects and proposed spending and execution schedules for the year. <\/p>\n\n\n\nWhile the deadline for the submission of the proposals is usually up to three months before the start of each calendar year, this year\u2019s deadline is later due to the new concessions starting in January. <\/p>\n\n\n\n
The government has two months to respond to each proposal and may request adjustments to specific projects or amounts invested. The operators must provide execution reports on the previous year\u2019s proposal by March 31, with progress reports every two months.<\/p>\n","protected":false},"excerpt":{"rendered":"
Net gaming revenue was down 36.6 per cent when compared to the previous year.<\/p>\n","protected":false},"author":176,"featured_media":25400,"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 36.6% decline in Net Gaming Revenue to HK$6.1bn for 2022, alongside a significant increase in losses attributable to owners and negative EBITDA. The company maintained a 15.8% share of Macau's gaming revenue, while rationalizing its property portfolio in anticipation of new gaming concessions and upcoming investment plan submissions.","focusai_entities":"SJM Holdings, SJM Resorts, Casino Babylon, Casino Diamond, Casino Golden Dragon, Casino Million Dragon, Casino Royal Dragon, Casino Eastern, Casino Taipa, Grand Lisboa Palace, Hotel Grand Lisboa","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Concession Investment Impact","query":"How will SJM Holdings' significant 2022 losses and substantial debt position impact its ability to meet the capital expenditure requirements stipulated under the new Macau gaming concessions for 2023 and beyond?"},{"label":"Market Share Strategy","query":"Given the decline in VIP GGR share and overall NGR, what specific strategic initiatives is SJM Holdings implementing to regain market share, particularly in the mass-market segment, under the new concession framework?"}],"footnotes":""},"categories":[16338,163],"tags":[23108],"class_list":["post-777003125","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\/777003125","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=777003125"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777003125\/revisions"}],"predecessor-version":[{"id":777003140,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777003125\/revisions\/777003140"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25400"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777003125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777003125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777003125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}