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
PERU GAMING SHOW – PGS 2026
17 de June 2026
Regulation and the Black Market in Latin America: Challenges and Solutions
(Lima, SoloAzar Exclusive).– As part of the Peru Gaming Show (PGS) 2026 conferences, gaming industry leaders analyzed one of the main challenges currently facing regulated markets in Latin America: the growth of illegal gambling. The panel "Regulation and the Black Market: Challenges and Solutions" brought together Carlos Fonseca, CEO of Gaming Law, as moderator; Neil Montgomery, founding partner of Montgomery & Associados; Tatiana Vásquez, founding partner of Vázquez Asociados; Karen Sierra Hughes, Vice President for Latin America, the Caribbean, and Spain at GLI; and Vanessa Cabrera, Director of the Control and Sanction Directorate of the DGJCMT-MINCETUR, who debated the causes of the black market, the available regulatory tools, and strategies to strengthen channeling toward legal gaming in the region.
Wednesday 15 Jul 2026 / 12:00
Fernando Polti, Founder & CTO of IAG Play, talks about everything related to Peru Gaming Show
(Lima, SoloAzar Exclusive).- Fernando Polti, Founder & CTO of IAG Play analyzes the company's participation in Peru Gaming Show, highlights the expansion of its terminal ecosystem and anticipates the company's next projects to consolidate its presence in Latin America during 2026.
Monday 13 Jul 2026 / 12:00
APADELA and the Future of Sports Betting in Peru Following Regulation
(Lima, SoloAzar Exclusive).- During the Peru Gaming Show 2026, Gonzalo Rosell, President of the Peruvian Association of Online Sports Betting and Related Activities (APADELA), analyzed the current state of the Peruvian remote gaming and sports betting market following the implementation of the regulatory framework. In his presentation, “Current Situation of the Remote Gaming and Sports Betting Industry Post-Regulation in Peru,” the executive highlighted the tax challenges facing the formal industry and called for a review of the selective consumption tax.
Friday 10 Jul 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.
