SJM records us$ 12 M profit in Q3, GGR market share expands
Wednesday 13 de November 2024 / 12:00
⏱ 1 min read
(Macau).- Gaming operator SJM Resorts announced on Tuesday that it posted a profit of HKD101 million(us$ 12 million) in the third quarter of 2024, marking a significant turnaround compared to a loss of HKD 410 million (us$ 52 million) in the same period last year.
Gaming operator SJM Resorts announced on Tuesday that it posted a profit of HKD101 million in the third quarter of 2024, marking a significant turnaround compared to a loss of HKD410 million in the same period last year.
Adjusted EBITDA rose by 83.2 per cent year-on-year to HKD1.04 billion, according to the same filing to the Hong Kong Stock Exchange.
The improved performance was also reflected in the expansion of the company’s gross gaming revenue market share, which rose to 13.9 per cent from 12.1 per cent in the July-to-September period of 2023. The company attributed this growth to the strong performance of Grand Lisboa Palace Macau (GLP), whose market share increased to 2.6 per cent from 1.7 per cent last year.
Daisy Ho, Chairman of SJM Holdings Limited and Managing Director of SJM Resorts, S.A., expressed satisfaction with “the unfolding potential of the Grand Lisboa Palace Resort, as its ramp-up underscores the Group’s strong recovery from challenging times to renewed growth.”
Ms Ho added, “In the coming quarters, SJM will launch a series of key visitation drivers to strategically enhance our offering, including a diversified range of dining options, increased MICE capacity at Grand Lisboa Palace, and a 10 per cent expansion in hotel capacity at Grand Lisboa.”
Categoría:Gaming
Tags: Sin tags
País: Macao
Región: Asia
Event
AffPapa Conference Madrid 2026
18 de May 2026
AI Is Redefining Acquisition, SEO, and Retention in iGaming
(Madrid, SoloAzar Exclusive).- At the AffPapa Conference Madrid 2026, industry leaders gathered for the panel “From Algorithms to Advantage: How AI Is Reshaping Acquisition, Retention, and Risk in iGaming,” where experts explored the growing influence of artificial intelligence across marketing, SEO, CRM, localization, and business operations. Moderated by Viorel Stan, the discussion featured insights from Shahar Attias, Assaf Stieglitz, Julia Logan, Efe Baysal, Frederico Camara, and Aris Vrakas.
Wednesday 27 May 2026 / 12:00
AffPapa Conference Madrid 2026: “The Next Generation Doesn’t See a Border Between Gaming and Entertainment”
(Madrid, SoloAzar Exclusive).- At the AffPapa Conference Madrid 2026, industry executives and product specialists gathered for the panel “Gen Z & Gen Alpha: Designing Products For the Next Player Generation,” a discussion focused on changing player behavior, digital habits, gamification, prediction markets, and the future of iGaming products. Moderated by Thomas Carvalhaes, the session featured insights from Filip Koubek, Natalia Roitonen, Laura Gago, Henk Wolff, and Artak Ashkhatoyan. Throughout the conversation, speakers debated how younger audiences interact with gambling-related products and why operators must rethink product design, engagement, and responsible gaming strategies.
Tuesday 26 May 2026 / 12:00
Amusnet Achieves Major Industry Recognition at AffPapa Awards 2026
(Sofia).- Amusnet has achieved an important award at the AffPapa iGaming Awards 2026, achieving one of the industry's top recognitions that celebrates excellence in the global iGaming sector.
Monday 25 May 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
