Asia Casino News │ ACN东方博彩新闻

Asia Casino News outlet for Online Gaming and Gambling Industry in Asia.

Image Source

Mass table games and ETGs push Macau’s SJM Q2 GGR to USD 722M

August 22, 2023 Macau Casino & Hotel

SJM Holdings, the operator of Macau’s famous Grand Lisboa and Casino Lisboa, posted its Q2 performance, which is up 241% year-on-year and up 35% compared to Q1 this year; table games returning to 70-90% of pre-COVID levels; non-gaming revenue at double of pre-COVID levels.

Original article by Ben Blaschke for Inside Asian gaming

Macau concessionaire SJM Holdings reported gross gaming revenues of HK$5.66 billion (US$722 million) in the three months to 30 June 2023, up 241% year-on-year and 35% higher than the March quarter.

However, gaming revenues were still at just 56% of pre-COVID levels, largely due to the collapse of the junket industry. Group-wide VIP GGR was just 15% of 2Q19 levels at HK$512 million (US$65 million), while mass table games were back to 72% at HK$4.35 billion (US$555 million) and slot machines and ETGs back to 97% at HK$421 million (US$54 million).

Non-gaming revenue of HK$372 million (US$47 million) was up 26% quarter-on-quarter and more than double the HK$172 million (US$22 million) recorded in 2Q19.

Adjusted EBITDA of HK$430 million (US$55 million) reversed a 2Q22 loss and compared with Adjusted EBITDA of just HK$31 million (US$4 million) in Q1, representing 43% of pre-COVID levels. By property, Grand Lisboa reported Adjusted EBITDA of HK$317 million (US$40 million), up 103% quarter-on-quarter, while self-promoted casinos – Casino Lisboa and Casino Oceanus at Jai Alai – improved by 26% to HK$329 million (US$42 million).

Cotai property Grand Lisboa Palace (GLP) narrowed its Adjusted EBITDA loss from HK$230 million (US$29 million) in Q1 to HK$62 million (US$8 million) in Q2, although management told analysts during its earnings call overnight that GLP had turned profitable in July.

Notably, the company’s satellite casinos reported an Adjusted EBITDA loss of HK$103 million (US$13 million) – largely flat with Q1 – with JP Morgan’s DS Kim explaining that “the pace of rationalization of excess staff (from five satellite casinos that ceased operation last year) was much slower than expected.”

Read more about the latest developments of Macau-based gaming operator SJM, including the breakdown of its latest financial performance, in the full article by Inside Asian Gaming at

See other website

Leave a Reply

Your email address will not be published. Required fields are marked *