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
BiS SiGMA South America 2026
06 de April 2026
Cibelae promotes the integration of the lottery sector at BiS SiGMA South America 2026
(São Paulo).- Cibelae consolidated its role as a key player in the gaming industry with a prominent participation in BiS SiGMA South America 2026. This event, recognized as the largest iGaming and betting gathering in Latin America, took place from April 6 to 9 at the Transamerica Expo Center in São Paulo.
Tuesday 21 Apr 2026 / 12:00
1xBet Builds Momentum in Brazil and Expands Across LatAm at BiS Sigma South America
(Sao Paulo, SoloAzar Exclusive).- Following the recent launch of its Brazilian license, 1xBet used BiS Sigma South America to strengthen its presence in the region and connect with key stakeholders across Latin America. Strategic Advisor Simon Westbury described the exhibition as highly engaging, highlighting both the opportunities generated on the show floor and the regulatory challenges that lie ahead for Brazil and the wider continent.
Tuesday 21 Apr 2026 / 12:00
Fernando Martinez: "LSports is in the midst of a massive expansion in the LATAM region"
(São Paulo, SoloAzar Exclusive).- Following LSports’ participation at BiS SiGMA South America 2026 Fernando Martinez, the company’s VP of Sales LATAM shares insights on regional expansion, the growing demand for managed services, and how technology is shaping competition in an increasingly regulated landscape.
Friday 17 Apr 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.