Hong Kong-listed gaming resort operator SJM Holdings said in a statement yesterday that its net gaming revenue reached HK$9.6 billion last year, a year-on-year growth of 31.5 percent.
The company’s hotel, catering, retail and other income increased by 64.7 percent to HK$592 million.
Adjusted EBITDA was negative HK$1.58 billion, as compared with negative HK$2.09 billion in 2020.
Loss attributable to the owners of the company amounted to HK$4.1 billion patacas last year. In 2020, the loss stood at HK$3.0 billion.
According to the statement, SJM had a 12.3 percent share of Macau’s gross gaming revenue among the city’s six gaming operators – 16.3 percent of mass market table gaming revenue and 4.9 percent of VIP gaming revenue.
The statement revealed that the company’s total investment in its Grand Lisboa Palace (GLP) resort in Cotai was HK$38.2 billion. The deluxe resort opened its doors to the public of July 30, 2021.
The statement quoted SJM Holdings Vice-Chairman and CEO Ambrose So Shu Fai as saying that “during 2021 SJM achieved annual increases in business volumes, although subject to the challenges of the [COVID-19] pandemic for the full year.”
This photo downloaded from the official website of Grand Lisboa Palace (GLP) yesterday shows one of the private dining rooms of its luxury Palace Garden restaurant.
