{"id":777013754,"date":"2024-03-07T08:53:15","date_gmt":"2024-03-07T11:53:15","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777013754"},"modified":"2026-04-22T12:17:31","modified_gmt":"2026-04-22T15:17:31","slug":"sjm-posts-net-gaming-revenue-of-us2-5bn-for-2023","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/sjm-posts-net-gaming-revenue-of-us2-5bn-for-2023","title":{"rendered":"SJM posts net gaming revenue of US$2.5bn for 2023"},"content":{"rendered":"\n

Net gaming revenue was up 230 per cent when compared to the previous year.<\/p>\n\n\n\n\n\n\n\n

Macau.- SJM Holdings<\/strong> has shared its financial results for the year 2023. Net gaming revenue was HK$20bn (US$2.5bn), up by 230 per cent compared to a year earlier<\/a>. The group\u2019s EBITDA was HK$1.7m (US$217.2m), compared with a negative EBITDA of HK$3.10bn (US$396m) in 2022.<\/p>\n\n\n\n

The company posted a net loss of HK$2.01bn (US$257m), narrowed from a HK$7.80bn (US$997m) loss in 2022. It said it had an 11.9 per cent share of Macau\u2019s gaming revenue, including 14.8 per cent of mass-market table gross gaming revenue and 3.5 per cent of VIP gross gaming revenue.<\/p>\n\n\n\n

Grand Lisboa Palace<\/strong> generated gross revenue of HK$3.6bn (US$460.1m) in 2023, with gross gaming revenue of HK$2.6bn (US$332.3m) and non-gaming revenue of HK$980m (US$125m). Its adjusted property EBITDA was a negative HK$317m (US$40.5m), compared with negative HK$969m for the year 2022.\u00a0<\/p>\n\n\n\n

Hotel Grand Lisboa <\/strong>generated gross revenue of HK$5.7bn (US$728.5m), including GGR of HK$5.4bn (US$690.2m) and non-gaming revenue of HK$307m (US$39.2m). Adjusted property EBITDA was HK$1.3bn (US$170m).<\/p>\n\n\n\n

Grand Lisboa Palace Resort\u2019s occupancy rate increased to 82.6 per cent for the full year, whilst the average room rate increased by 44.3 per cent to HK$1,322 (US$168).\u00a0Grand Lisboa Hotel\u2019s occupancy rate increased to 93 per cent for the full year, and the average room rate increased by 76.8 per cent to HK$1,121 (US$143).<\/p>\n\n\n\n

See also: <\/strong>SJM Resorts adds new non-gaming attractions at Grand Lisboa Palace<\/a><\/p>\n\n\n\n

Net revenue was HK$21.6bn (US$2.76bn), an increase of 223.7 per cent in year-on-year terms. The increase was driven by rolling revenue, non-rolling revenue and electronic game revenue.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Net gaming revenue was up 230 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 robust financial recovery for FY2023, with Net Gaming Revenue (NGR) escalating 230% to HK$20bn and EBITDA returning to positive territory at HK$1.7m. The group significantly narrowed its net loss to HK$2.01bn, driven by strong operational performance in Macau's mass-market and non-gaming verticals across its Grand Lisboa properties, securing an 11.9% overall market share.","focusai_entities":"SJM Holdings, Grand Lisboa Palace, Hotel Grand Lisboa, SJM Resorts","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), compliance_legal (0.7), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Market Share Dynamics?","query":"How does SJM Holdings' 2023 market share, particularly its 14.8% mass-market GGR share, position it against other Macau concessionaires in the post-recovery landscape, and what are the implications for competitive strategy?"},{"label":"Non-Gaming ROI?","query":"What is the projected return on investment for the new non-gaming attractions at Grand Lisboa Palace, and how will these contribute to long-term revenue diversification and enhanced customer lifetime value?"}],"footnotes":""},"categories":[16338,163],"tags":[23906,23108],"class_list":["post-777013754","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-macau-casinos","tag-sjm-holdings"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013754","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=777013754"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013754\/revisions"}],"predecessor-version":[{"id":777013784,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013754\/revisions\/777013784"}],"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=777013754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777013754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777013754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}