SJM H1 net gaming revenue rises 19.4%
$6,000 Welcome Bonus
Hong Kong-listed SJM Holdings had announced that total group net revenue rose 19.4% year-on-year to HK$5.22bn in the first half of 2021.
The results come after SJM Holdings opened the $5bn Grand Lisboa Palace in Cotai.
The group’s net gaming revenue increased by 18.8% to HK$5,076m in the same period a year earlier.
Adjusted EBITDA improved by 48.2% to negative HK$510m, from negative HK$984m.
Loss attributable to the owners of the company was HK$1,466m, 3.8% greater than HK$1,412m in the first six months of the year.
Mass market gross table gaming revenue of the group increased by 33.2% and VIP gross gaming revenue showed a decrease of 37.5% during the first half of 2021.
During the same period, slot machine gross revenue increased by 12.7% compared with the year-earlier period.
SJMhad an 11.6% share of Macau’s gaming revenue in the first half of the year, including 15.6% of mass market table gross gaming revenue and 5% of VIP gross gaming revenue.
The group had cash, bank balances, short-term bank deposits and pledged bank deposits of HK$2,709m as of 30 June 2021.
