According to an unaudited announcement from the casino operator on Tuesday, group-wide net revenue for H1 stood at HK$13.8 billion (US$1.77 billion/MOP14.2 billion), versus HK$9.36 billion booked in the same period in 2023.

In comparison with the same period in 2019, the H1 result suggests an 81 percent recovery.

As for the GGR of HK$13.8 billion, there was a 67.5 percent recovery compared to 2019.

In addition, although the city’s gross gaming revenue for the second quarter fell by 1.6 per cent quarter-over-quarter, the casino operator said that it recorded a modest 0.1 percent hike.

The company also pointed out that non-rolling GGR for self-promoted casinos hit 135 per cent of the comparable 2019 level.

“These outcomes not only indicate a robust recovery but also showcase the group’s ongoing efforts to enhance its non-rolling market segments,” SJM said.

Meanwhile, SJM reported an adjusted EBITDA of HK$1.7 billion, up by a whopping 276 per cent year on year, accounting for 83 percent of the 2019 level.

The casino operator recorded an average hotel occupancy rate of 94 percent – significantly higher than the 88.4 percent observed in 2019.

Additionally, there was an increase of 8.3 percentage points from the previous year. However, the gaming operator also gained an additional 0.7 percentage points in market share, reaching 12.5 per cent.

The Cotai-based Grand Lisboa Palace Resort Macau achieved an EBITDA turnaround — going from a loss of HK$292 million a year earlier to HK$192 million.

Meanwhile, Grand Lisboa Macau, located on the Macau peninsula, welcomed an EBITDA rebound, increasing from HK$473 million the year before to HK$1.01 billion.

As of June this year, the group had cash and bank balances totalling HK$2.42 billion, exclusive of around HK$1.01 billion in bank deposits, showing a fall of 31.6 per cent compared with the previous half-year period.