{"id":777046720,"date":"2026-08-27T08:45:21","date_gmt":"2026-08-27T11:45:21","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777046720"},"modified":"2026-08-27T11:20:55","modified_gmt":"2026-08-27T14:20:55","slug":"sjms-q2-ebitda-growth-driven-by-favourable-casino-hold-cbre-says","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/sjms-q2-ebitda-growth-driven-by-favourable-casino-hold-cbre-says","title":{"rendered":"SJM\u2019s Q2 EBITDA growth driven by favourable casino hold, CBRE says"},"content":{"rendered":"\n

SJM Holdings\u2019 adjusted EBITDA rose 13.9 per cent year-on-year in Q2 2026.<\/p>\n\n\n\n\n\n\n\n

Macau.- SJM Holdings reported adjusted EBITDA of HK$783m (US$100.4m) in the second quarter, up 13.9 per cent year-on-year<\/strong>. However, CBRE Equity Research said normalised EBITDA would have fallen 2.1 per cent after adjusting for hold rates.<\/p>\n\n\n\n

The Macau operator improved its market share, which reached 10 per cent, up 40 basis points from the previous quarter. The figure rose each month during the quarter, reaching 10.8 per cent in June, its highest monthly level since the closure of its satellite casinos during late 2025.<\/p>\n\n\n\n

Grand Lisboa Palace saw stronger VIP gaming, with GGR up 14.4 per cent year-on-year. However, mass-market GGR fell 3.4 per cent. SJM is renovating its mass gaming floor, with completion expected in the first half of 2027. <\/p>\n\n\n\n

Meanwhile, the company has reduced its workforce by 10 per cent over the past seven months as it seeks to lower operating costs following the satellite casino closures. CBRE said further efficiency measures are planned by year-end, with the resulting cash flow expected to support debt reduction. The firm has maintained a hold rating on SJM but cut its price target from HK$2.50 to HK$1.50.<\/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> SJM Holdings H1 loss widens as Macau casino market share falls<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

SJM Holdings\u2019 adjusted EBITDA rose 13.9 per cent year-on-year in Q2 2026.<\/p>\n","protected":false},"author":680,"featured_media":777038702,"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 13.9% year-on-year increase in Q2 2026 adjusted EBITDA to HK$783m, though normalised EBITDA declined 2.1% after hold rate adjustments. The Macau operator improved its market share to 10%, reaching 10.8% in June, driven by stronger VIP gaming at Grand Lisboa Palace despite a mass-market GGR decline. Strategic initiatives include a 10% workforce reduction and ongoing mass gaming floor renovations, aimed at cost efficiency and debt reduction, prompting CBRE to cut its price target.","focusai_entities":"SJM Holdings, CBRE Equity Research, Grand Lisboa Palace","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"SJM Debt Reduction Plan","query":"What specific efficiency measures beyond the 10% workforce reduction is SJM Holdings implementing by year-end to support its debt reduction strategy, and what is the projected impact on its capital structure?"},{"label":"Macau Market Share Dynamics","query":"How do SJM Holdings' Q2 2026 VIP and mass-market GGR trends, particularly the mass-market decline, compare to overall Macau market performance and its competitors, and what are the implications for its long-term market share strategy?"}],"footnotes":""},"categories":[16338,163,24628,158],"tags":[23808,257,23108],"class_list":["post-777046720","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","category-highlight-of-the-week","category-slider-home","tag-grand-lisboa-palace","tag-macau","tag-sjm-holdings"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777046720","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=777046720"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777046720\/revisions"}],"predecessor-version":[{"id":777046730,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777046720\/revisions\/777046730"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777038702"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777046720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777046720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777046720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}