{"id":777041860,"date":"2026-05-07T08:51:06","date_gmt":"2026-05-07T11:51:06","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777041860"},"modified":"2026-05-07T08:51:25","modified_gmt":"2026-05-07T11:51:25","slug":"sjm-holdings-reports-first-quarter-loss-after-satellite-casino-closures","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/sjm-holdings-reports-first-quarter-loss-after-satellite-casino-closures","title":{"rendered":"SJM Holdings reports first-quarter loss after satellite casino closures"},"content":{"rendered":"\n

The Macau gaming operator posted a net loss of US$7.9m.<\/p>\n\n\n\n\n\n\n\n

Macau.- SJM Holdings has reported a net loss attributable to shareholders of HK$62m (US$7.9m) for the first quarter of 2026. That compares to a profit of HK$31m (US$3.9m) during the same period last year. The results were mainly affected by the absence of revenue from satellite casinos following the closure of the venues last year.<\/p>\n\n\n\n

Group-wide gross gaming revenue (GGR) fell 18.8 per cent year-on-year to HK$6.14bn (US$784m), while net revenue declined 21.1 per cent to HK$5.9bn (US$752m). SJM\u2019s market share in Macau dropped from 13.5 per cent to 9.6 per cent following the closure of the satellite venues.<\/p>\n\n\n\n

Adjusted EBITDA was HK$917m (US$117m), down 4.3 per cent from the prior-year period. The adjusted EBITDA margin improved from 12.8 per cent to 15.5 per cent.<\/p>\n\n\n\n

Daisy Ho<\/strong>, chairman, said the transition away from the satellite casino model helped create a \u201cmore streamlined and synergistic operating structure.\u201d She added that the company remains focused on property upgrades and improving the guest experience to create long-term value.<\/p>\n\n\n\n

One of the strongest performers during the quarter was Grand Lisboa Palace Resort Macau<\/strong>, which recorded a 7.2 per cent increase in revenue to HK$2.07bn (US$264m). The property\u2019s GGR rose 11.7 per cent year-on-year, supported by growth in the VIP segment. However, the resort\u2019s adjusted property EBITDA fell 61.1 per cent to HK$58m (US$7.4m) due to higher operating costs. Hotel occupancy slipped slightly from 98.7 per cent to 94.6 per cent.\u00a0<\/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> Paradise Co Q1 profit drops after hotel acquisition<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

The Macau gaming operator posted a net loss of US$7.9m.<\/p>\n","protected":false},"author":680,"featured_media":7189,"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 net loss of US$7.9m for Q1 2026, a significant decline from the prior year's profit, primarily due to the cessation of satellite casino operations. While group GGR and net revenue decreased, the company's adjusted EBITDA margin improved, reflecting a strategic shift towards a more streamlined operating structure and focus on core properties like Grand Lisboa Palace.","focusai_entities":"SJM Holdings, Daisy Ho, Grand Lisboa Palace Resort Macau, Paradise Co","focusai_location":"Macau","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), compliance_legal (0.7), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (1.0)","focusai_suggestions":[{"label":"SJM CapEx & Profitability?","query":"What is SJM Holdings' detailed capital expenditure plan for property upgrades, and how is it projected to impact GGR contribution and EBITDA margins from core assets like Grand Lisboa Palace in the next 12-24 months?"},{"label":"Grand Lisboa Cost Mitigation?","query":"Beyond the 'streamlined and synergistic operating structure,' what specific operational efficiencies or cost-saving initiatives are being implemented to mitigate the higher operating costs observed at Grand Lisboa Palace, which led to a significant EBITDA decline despite GGR growth?"}],"footnotes":""},"categories":[157,16338],"tags":[257,24806,23108],"class_list":["post-777041860","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-macau","tag-satellite-casinos","tag-sjm-holdings"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777041860","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\/680"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777041860"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777041860\/revisions"}],"predecessor-version":[{"id":777041870,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777041860\/revisions\/777041870"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/7189"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777041860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777041860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777041860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}