Hong Kong-listed SJM Holdings Limited announced yesterday that Total Group net revenue rose 19.4 percent year on year to HK$5.22 billion in the first half of the year.
According to a statement by Macau’s oldest gaming company, its net gaming revenue increased 18.8 percent to HK5.07 billion in the first six months of the year.
Adjusted EBITDA improved by 48.2 percent to a negative HK$510 million from a negative HK$984 million, the statement said. Loss attributable to the owners of the company was HK$1.46 billion, 3.8 percent greater than the HK$1.41 billion in the year-earlier period.
SJM Resorts, S.A. had an 11.6 percent share of Macau’s gaming revenue in the first half of the year, including 15.6 percent of mass market table gross gaming revenue and 5.0 percent of VIP gross gaming revenue.
The statement quoted Vice-Chairman and CEO Ambrose So Shu Fai as saying that “SJM’s operating results in the first half of the year reflect the cautious reopening of Macau for tourism. We anticipate continued growth in the second half of 2021, and we are very pleased that our Grand Lisboa Palace resort is now open to welcome the increasing flow of visitors.”
This undated handout photo provided by SJM Resorts on July 29 shows the indoor swimming pool of Grand Lisboa Palace.
