{"id":777015393,"date":"2024-05-10T09:54:31","date_gmt":"2024-05-10T12:54:31","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777015393"},"modified":"2026-04-22T10:22:24","modified_gmt":"2026-04-22T13:22:24","slug":"sjm-holdings-ggr-up-77-3-in-q1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/sjm-holdings-ggr-up-77-3-in-q1","title":{"rendered":"SJM Holdings GGR up 77.3% in Q1"},"content":{"rendered":"\n

The casino operator has reported gross gambling revenue of HK$6.89bn (US$881m).<\/p>\n\n\n\n\n\n\n\n

Macau.-\u00a0SJM Holdings\u00a0<\/strong>has shared its financial results for the first three months of the year. Gross gaming revenue (GGR) was up 77.3 per cent year-on-year at HK$6.46bn (US$827m). The company posted a narrowed loss attributable to owners\u00a0of HK$74m (US$9.5m). That compares with HK$869m (US$111m) a year earlier.<\/p>\n\n\n\n

Net gaming revenue was\u00a0up 74.5 per cent year-on-year<\/a> to HK$6.46bn (US$827m). Adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) came in at HK$864m (US$110.5m), compared with HK$31m (US$4m) in the same period last year.<\/p>\n\n\n\n

Grand Lisboa Palace<\/strong>\u00a0generated gross revenue of HK$1.42bn (US$181.4m), with GGR of HK$1.1bn (US$142.1m) and non-gaming revenue of HK$307m (US$39.3m). Adjusted property EBITDA was HK$88m (US$11.3m), compared with negative HK$230m (US$29.4m) in the first quarter of 2023.<\/p>\n\n\n\n

Hotel Grand Lisboa\u00a0<\/strong>generated GGR of HK$1.88bn (US$249m) and non-gaming revenue of HK$81m (US$10.4m). Adjusted property EBITDA was HK$334m (US$42.7m), up 27.5 per cent in year-on-year terms. Satellite casinos under SJM\u00a0recorded a 54.7 per cent increase in casino revenue to\u00a0HK$2.6bn (US$338.2m) and an adjusted property EBITDA loss of HK$52m (US$6.7m).<\/p>\n\n\n\n

Daisy Ho<\/strong>, chairman of SJM Holdings Limited and managing director of SJM Resorts, said:\u00a0\u201cThe quarter was characterised by\u00a0strong\u00a0performance across all our self-promoted properties, in both gaming and non-gaming sectors.\u00a0<\/p>\n\n\n\n

“It is a clear testament to the effectiveness of management\u2019s focused efforts on improving our internal ROI and our team\u2019s relentless drive for exceptional customer experiences. We have a full calendar of large-scale international events in the pipeline<\/strong>, designed to amplify SJM and the Lisboa brand\u2019s visibility on the global stage, and provide multidimensional experiences for our guests as part of our mass market and overseas promotion strategy.\u201d <\/p>\n\n\n\n

See also: <\/strong>SJM Resorts inaugurates the Palazzo Versace hotel<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The casino operator has reported gross gambling revenue of HK$6.89bn (US$881m).<\/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 Q1 2024 financial turnaround, with Gross Gaming Revenue (GGR) increasing 77.3% year-on-year to HK$6.46bn and adjusted EBITDA reaching HK$864m, substantially narrowing its net loss. This robust performance was driven by strong contributions across its Macau properties, including Grand Lisboa Palace and Hotel Grand Lisboa, supported by strategic focus on ROI and customer experience. Management highlighted a pipeline of international events aimed at amplifying brand visibility and promoting mass market and overseas engagement.","focusai_entities":"SJM Holdings, SJM Resorts, Daisy Ho, Grand Lisboa Palace, Hotel Grand Lisboa, Palazzo Versace","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (1.0), marketing_crm (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Q1 GGR Drivers","query":"What specific market segments or operational enhancements primarily contributed to SJM Holdings' 77.3% year-on-year GGR growth in Q1 2024, particularly differentiating between mass market and VIP contributions?"},{"label":"EBITDA Sustainability","query":"Given the significant adjusted EBITDA turnaround, what are the key operational leverage points and cost management strategies SJM Holdings plans to implement to ensure sustained profitability and further EBITDA margin expansion?"}],"footnotes":""},"categories":[16338,163],"tags":[23108],"class_list":["post-777015393","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\/777015393","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=777015393"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015393\/revisions"}],"predecessor-version":[{"id":777015426,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777015393\/revisions\/777015426"}],"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=777015393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777015393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777015393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}