{"id":777025904,"date":"2025-05-02T06:50:17","date_gmt":"2025-05-02T09:50:17","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777025904"},"modified":"2026-04-21T23:25:05","modified_gmt":"2026-04-22T02:25:05","slug":"sjm-holdings-returns-to-profit-in-q1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/sjm-holdings-returns-to-profit-in-q1","title":{"rendered":"SJM Holdings returns to profit in Q1"},"content":{"rendered":"\n

The casino operator recorded a profit of HK$31m.<\/p>\n\n\n\n\n\n\n\n

Macau.- SJM Holdings <\/strong>has shared its financial results for the first three months of the year. The company posted a profit of HK$31m (US$4m), compared to a loss of HK$74m (US$9.5m) in the same period last year<\/a>.<\/p>\n\n\n\n

Gross gaming revenue (GGR) was up 9.6 per cent year-on-year at HK$7.55bn (US$943.8m). Net gaming revenue was\u00a0up 7.5 per cent year-on-year\u00a0to HK$6.95bn (US$890m). Adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) came in at HK$958m (US$123m), up 10.9 per cent year-on-year, with the Adjusted EBITDA margin improving by 0.3 points to 12.8 per cent. Net revenue increased by 8.1 per cent to HK$7.48bn (US$958m).<\/p>\n\n\n\n

Non-rolling gross gaming revenue (GGR) for self-promoted casinos was 148 per cent of that recorded for the same period in 2019, while hotel, catering, retail and leasing operations achieved a year-on-year revenue increase of 16.4 per cent.<\/p>\n\n\n\n

Grand Lisboa Palace (GLP)<\/strong> generated revenue of HK$1.93bn (US$247m), up 36.2 per cent year-on-year. GGR rose 41.1 per cent to HK$1.57bn (US$201m). Non-gaming revenue was HK$363m (US$46.44m). Adjusted property EBITDA was HK$149m (US$18.6m), compared with HK$88m (US$11.3m) in the first quarter of 2024. The company highlighted improved operational optimisation. GLP’s occupancy rate was 98.7 per cent.<\/p>\n\n\n

\n
\"Grand
Grand Lisboa Palace.<\/figcaption><\/figure>\n<\/div>\n\n\n

Hotel Grand Lisboa\u00a0<\/strong>generated gross revenue of HK$1.89bn (US$242m), down 3.6 per cent year-on-year, including GGR of HK$1.79bn (US$229m), down 4.4 per cent year-on-year. Adjusted property EBITDA was HK$440m (US$56.2m), down 17.76 per cent year-on-year. The hotel\u2019s occupancy rate for the quarter was 98.8 per cent.<\/p>\n\n\n\n

Sself-promoted casinos, including Jai Alai Hotel, Kam Pek Market, and Sofitel at Ponte 16, reported revenue of HK$1.42bn (US$182m). That’s an increase of 6.8 per cent in year-on-year terms. GGR was up 6.6 per cent to HK$1.34bn (US$172m).<\/p>\n\n\n\n

Daisy Ho<\/strong>, chairman of SJM Holdings Limited and managing director of SJM Resorts, said: “While the market experienced softer consumer spending in the first quarter, SJM\u2019s performance remained steady on a sequential basis. The property enhancements undertaken throughout 2024 are now coming to fruition, with a pipeline of new offerings set to launch in phases\u2014serving as growth levers for the mass market. Although the near-term macroeconomic outlook presents some headwinds, we remain focused on execution and confident in the long-term fundamentals of Macau’s tourism economy.”<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t<\/p>\n

\n\t\t\t\t\tSee also:<\/span> Macau GGR rises slightly in March<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

The casino operator recorded a profit of HK$31m.<\/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 profit of HK$31m in Q1, a significant turnaround from a loss in the prior year, driven by a 9.6% increase in GGR and improved Adjusted EBITDA. The company's Grand Lisboa Palace showed strong growth, while Hotel Grand Lisboa experienced a slight decline, reflecting a mixed operational landscape within a softer market. Management highlighted property enhancements as key growth levers for the mass market amidst macroeconomic headwinds.","focusai_entities":"SJM Holdings, SJM Resorts, Daisy Ho, Grand Lisboa Palace, Hotel Grand Lisboa, Jai Alai Hotel, Kam Pek Market, Sofitel at Ponte 16","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.8)","focusai_suggestions":[{"label":"GLP Growth Drivers?","query":"What specific property enhancements and new offerings at Grand Lisboa Palace are projected to be the primary growth levers for the mass market, and what is the anticipated timeline for their full revenue contribution?"},{"label":"Macau Market Outlook?","query":"Considering the reported softer consumer spending and macroeconomic headwinds, what is SJM Holdings' updated strategic outlook for the Macau market, particularly regarding its non-rolling GGR and non-gaming revenue diversification?"}],"footnotes":""},"categories":[16338,163],"tags":[29,24619,1897],"class_list":["post-777025904","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-casino","tag-finance","tag-igaming"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777025904","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=777025904"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777025904\/revisions"}],"predecessor-version":[{"id":777025935,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777025904\/revisions\/777025935"}],"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=777025904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777025904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777025904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}