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
Habanero strengthens its Latin America strategy with a focus on Brazil and regional expansion
(São Paulo, SoloAzar Exclusive).- Milda Mikelioniene, Business Development Executive at Habanero, explains how the company is consolidating its presence in Brazil and other key markets such as Mexico, Colombia and Peru, highlighting the importance of localisation, strong partnerships and participation in industry events like Bis SiGMA South America to drive sustainable growth across the region.
Wednesday 29 Apr 2026 / 12:00
Sportradar seals partnership with Brazil’s National Basketball League at BiS SiGMA South America 2026
(São Paulo, SoloAzar Exclusive).- Robson Silveira, Sportradar’s Senior Sales Executive for Streaming, spoke about the company’s role at the São Paulo event. Among the highlights, Sportradar unveiled its new iGaming brand Playradar and announced a landmark partnership with the Brazilian National Basketball League (LNB), delivering data, streaming, and integrity monitoring services. In this interview, Silveira explains how the firm is preparing for the FIFA World Cup 2026 and the next chapter of Latam's regulated gaming market.
Tuesday 28 Apr 2026 / 12:00
01.tech Strengthens LatAm Expansion with High-Impact Debut at Bis SiGMA South America
(São Paulo, SoloAzar Exclusive).- Jelizaveta Šapiro, Sales Manager at 01.tech, shares her insights following the company’s debut at SiGMA Latin America, highlighting strong engagement with key partners, valuable new connections, and the importance of establishing a solid presence in the region.
Tuesday 28 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.