SJM Holdings said in a statement yesterday that the loss attributable to its owners amounted to HK$2.75 billion in the first half of the year.
According to a statement by the Hong Kong-listed company, its total net revenue dropped 20.9 percent to HK$4.129 billion, while its net gaming revenue fell 24.9 percent to 3.811 billion. Adjusted EBITDA declined 130.8 percent to HK$1.176 billion.
SJM said that it had a 16.0 percent share of Macau’s gaming revenue in the first six months – 20.1 percent of mass market table gross gaming revenue and 5.8 percent of VIP gross gaming revenue.
The statement noted that on June 20 SJM completed a refinancing of its syndicated banking facilities, consisting of a HK$9 billion term loan and a HK$10 billion revolving credit.
The statement quoted Ambrose So Shu Fai, vice-chairman and CEO of SJM Holdings, as saying: “Working hand in hand with the community, we are doing our utmost to support the Macau government’s efforts to fight COVID-19 while at the same time remaining loyal to our dedicated staff.”
So also said that SJM was looking forward to its successful participation in the government’s tender for new Macau gaming concessions later this year “and to our continued presence in Macau for many years to come.”
