{"id":777011142,"date":"2023-11-15T07:08:36","date_gmt":"2023-11-15T10:08:36","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777011142"},"modified":"2026-04-22T15:34:24","modified_gmt":"2026-04-22T18:34:24","slug":"sjm-holdings-posts-net-gaming-revenue-of-us693m-for-q3","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/sjm-holdings-posts-net-gaming-revenue-of-us693m-for-q3","title":{"rendered":"SJM Holdings posts net gaming revenue of US$693m for Q3"},"content":{"rendered":"\n

SJM Holdings’ quarterly loss declined by 78.4 per cent year-on-year.<\/p>\n\n\n\n\n\n\n\n

Macau.-\u00a0SJM Holdings\u00a0<\/strong>has shared its financial results for the third quarter of the year. It posted a net gaming revenue of HK$5.41bn (US$693m), up 492 per cent year-on-year, and a loss attributable to owners of HK$410m (US$52.5m), down 78.4 per cent.<\/p>\n\n\n\n

Adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) came in at HK$566m (US$72.51m). Group net revenue rose by 470.8 per cent year-on-year to just below HK$5.87bn, including hotel, catering, retail, leasing and related services revenue of HK$455m.<\/p>\n\n\n\n

Grand Lisboa Palace<\/strong>\u00a0generated gross revenue of HK$1.08bn (US$138.36m), up 842.6 per cent year-on-year, with gross gaming revenue of HK$783m, up 1,602.2 per cent, and non-gaming revenue of HK$159m, up 1,225 per cent. Hotel occupancy rose to 85.4 per cent during the period, and adjusted property EBITDA was negative HK$27m (US$3.46m).<\/p>\n\n\n\n

See also:<\/strong> SJM Grand Lisboa to be renovated in 2024<\/a><\/p>\n\n\n\n

Meanwhile,\u00a0Hotel Grand Lisboa<\/strong>\u00a0generated gross revenue of HK$1.55bn. Gross gaming revenue was HK$1.46bn, up 1,345 per cent, and non-gaming revenue HK$301m. Adjusted property EBITDA was HK$373m, as compared with negative HK$223m in Q3 2022.\u00a0<\/p>\n\n\n\n

SJM Holdings had reported a net loss of approximately HK$2.76bn<\/a>\u00a0for the first half of the year. Revenue was down 20.9 per cent year-on-year at HK$4.13bn.\u00a0<\/p>\n\n\n\n

Daisy Ho<\/strong>, chairman of SJM Holdings Limited and managing director of SJM Resorts, said: \u201cSJM Holdings\u2019 results in the third quarter of 2023 show continued growth in Adjusted EBITDA and steady progress in the ramp-up of Grand Lisboa Palace.\u00a0<\/p>\n\n\n\n

“In addition, during the quarter, we continued our active support of the economic diversification of Macau through our investment and sponsorship of cultural, educational, gastronomic and sports activities.\u201d <\/p>\n","protected":false},"excerpt":{"rendered":"

SJM Holdings’ quarterly loss declined by 78.4 per cent year-on-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 significant 492% year-on-year increase in net gaming revenue to HK$5.41bn for Q3 2023, concurrently reducing its net loss by 78.4% to HK$410m. The Grand Lisboa Palace demonstrated robust ramp-up, with its gross gaming revenue surging by 1,602.2%, contributing to a positive adjusted EBITDA for the group.","focusai_entities":"SJM Holdings, SJM Resorts, Daisy Ho, Grand Lisboa Palace, Hotel Grand Lisboa","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), investor_analyst (0.98), operator_casino (0.9), marketing_crm (0.75), supplier_vendor (0.8), journalist_researcher (0.92), regulator (0.7)","focusai_suggestions":[{"label":"GLP EBITDA Breakeven?","query":"What is the projected timeline for Grand Lisboa Palace to achieve positive property-level Adjusted EBITDA, and what operational efficiencies are being targeted?"},{"label":"Macau Market Share Impact?","query":"How do SJM Holdings' Q3 results, particularly the GGR growth from Grand Lisboa Palace, impact its overall market share within the Macau concessionaire landscape?"}],"footnotes":""},"categories":[16338,163],"tags":[23108],"class_list":["post-777011142","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\/777011142","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=777011142"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011142\/revisions"}],"predecessor-version":[{"id":777040957,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011142\/revisions\/777040957"}],"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=777011142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777011142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777011142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}