SJM Holdings Denies Interest in Developing Casino in Vietnam

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GGRAsia

Macau casino bets mostly US$64 up on Day 6 of CNY hols

GGRAsia walked the mass-play floors of a number of the major casinos in downtown Macau and the Cotai district on Thursday, which for mainland China residents was the sixth day of an eight-day holiday break to mark Chinese New Year this time. At about 11.25am at Grand Lisboa (pictured), run by SJM Holdings Ltd on the city's peninsula, the sic bo…

Live Gambling ・ 15 February 2024

The Nevada Independent

Indy Gaming: Judge says New York county erred in leasing site for Sands’ proposed $5B resort

An analyst said the decision is the least of the problems troubling the state's slow process to approve New York City-area casinos. Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you,…

Travel ・ 15 November 2023

WTOP

Virginia’s capital city voting again on whether to allow a casino

RICHMOND, Va. (AP) - Voters in Virginia's capital city are deciding Tuesday whether developers can move forward with a proposed $562 million resort casino along Interstate 95. A ballot measure on whether to allow the gambling and entertainment complex is before Richmond voters for a second time, after the city narrowly rejected the proposal two…

Finance ・ 07 November 2023

Asgam

Mass gaming leads SJM Holdings to 241% year-on-year increase in GGR to US$722 million

Macau concessionaire SJM Holdings reported gross gaming revenues of HK$5.66 billion (US$722 million) in the three months to 30 June 2023, up 241% year-on-year and 35% higher than the March quarter. However, gaming revenues were still at just 56% of pre-COVID levels, largely due to the collapse of the junket industry. Group-wide VIP GGR was just 15%…

Industry ・ 22 August 2023

Wild Casino

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Reuters

Japan approves $13.5 billion Osaka resort, country's first casino

MGM Resorts, Orix to own 40% each Resort set to open in 2029 Will include hotel, shopping mall, ferry terminal TOKYO, April 14 (Reuters) - Japan on Friday approved a plan to build the country's first casino in the western city of Osaka, paving the way for a 1.8 trillion yen ($13.5 billion) resort set to open in 2029, aimed at attracting domestic…

Travel ・ 14 April 2023

World Casino News

Grand Lisboa Palace Launches Foreigner Gaming Area

On April 10, Grand Lisboa Palace, located in Macau's Cotai district, owned and operated by gaming giant SJM Holdings Ltd., officially opened the foreigner gaming zone. Location: The zone is found in the Cotai resort in the "Dragon Pavillon" which is the ultimate gaming part of the facility. Commenting on the opening, specifically the official…

Land-based ・ 11 April 2023

The Denver Post

Central City: Strip club operator makes deal to open steakhouse, casino

The national company behind gentlemen's club Rick's Cabaret plans to open a steakhouse and casino in downtown Central City after closing a $2.4 million cash deal on a building, but city officials say it won't offer that particular kind of adult entertainment. The community opposed a strip club when the deal was first proposed, Mayor Pro-Tem Judy…

Travel ・ 30 December 2022

Yogonet

Bally's expects Tropicana Vegas acquisition to close in September; files Chicago casino application with Illinois regulator

Bally's Corporation is moving forward with two major projects in two different US states, which involve the Tropicana acquisition in Las Vegas, Nevada, and Chicago's first casino project, in Illinois. On the Nevada front, the company said it will, announced in April last year, at the end of September. Nevertheless, Bally's executives said in…

Land-based ・ 26 December 2022

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Asgam

Details of new contracts of six casino concessionaires published

In conjunction with the signing of the six new gaming contracts yesterday, the government has published the content of the contracts, including the operating venues of the concessionaires' casinos, investment commitments and premium details. Investment commitments The government announced yesterday the six concessionaires have committed a total…

Industry ・ 04 January 2023

Review Journal

Station Casinos buying more land for Henderson casino site

Station Casinos moved closer to buying more land for a future 600-room resort and casino site at the southern edge of the valley. Henderson City Council members on Tuesday approved a purchase and sale agreement and escrow instructions for the sale of 3.76 acres of city-owned land to Station for $1.75 million. The approval was needed "to consummate…

Land-based ・ 15 December 2022

Delta Optimist

Big crowd checks out new Delta, BC casino

It's been six years since Delta was selected as a preferred host community for a new casino A major new entertainment attraction in South Delta has officially opened for business as Gateway Casinos & Entertainment celebrated the grand opening of the Cascades Casino Delta on Thursday. Company officials and dignitaries were on hand for the afternoon…

Covid ・ 30 September 2022

GMToday

Bally’s files application with state for first Chicago casino

Bally's filed its application with the Illinois Gaming Board on Wednesday, taking a major step in the process to build Chicago's first casino and the flagship property for its fast-growing company. The application was posted on the gaming board website Thursday morning. The clock is now running for the publicly traded Rhode Island-based company to…

Travel ・ 12 August 2022

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ABC 7 Chicago

Casino Chicago: Bally's play for long-awaited location at Halsted, Chicago in River West now up to IL regulators

CHICAGO -- State gambling regulators now hold the cards in Chicago's casino game. Bally's Corporation on Wednesday filed its application with the Illinois Gaming Board seeking approval of its plan for a $1.7 billion riverfront casino-resort at Chicago Avenue and Halsted Street. It's the latest step toward breaking ground on the massive…

Travel ・ 12 August 2022

Chicago Sun Times

Bally’s files Illinois Gaming Board application for Chicago casino

State gambling regulators now hold the cards in Chicago's casino game. Bally's Corporation on Wednesday filed its application with the Illinois Gaming Board seeking approval of its plan for a $1.7 billion riverfront casino-resort at Chicago Avenue and Halsted Street. It's the latest step toward breaking ground on the massive entertainment complex…

Travel ・ 11 August 2022

Yogonet

Japan: potential sale of Nagasaki's theme park raises confusion on the fate of a planned casino resort at the site

Reports that the Dutch theme park Huis Ten Bosch in Japan's Nagasaki Prefecture may be sold have led to uncertainty about the fate of a planned casino resort at the site. Travel agency H.I.S. ,the largest shareholder, has said it is negotiating with several entities. However, no timeline for a possible sale, nor the conditions under which the park…

Travel ・ 28 July 2022

World Casino News

Macau casino firms experience second share slump

For the second consecutive weekend and the aggregated value of shares in the six-strong club of licensed Macau casino operators has reportedly dropped significantly owing to a number of factors including the ongoing presence of coronavirus. According to a report from Inside Asian Gaming, the combined market cap of the Hong Kong-listed sextuplet…

Covid ・ 15 March 2022

Asgam

Pandemic challenges see SJM’s Grand Lisboa Palace open to US$54 million EBITDA loss in 2021

SJM's Grand Lisboa Palace (GLP) recorded an Adjusted Property EBITDA loss of HK$423 million (US$54 million) in its first five months of operation, with revenues restrained by COVID-19 and the delayed launch of some key facilities. Opened into the teeth of the pandemic on 30 July 2021, the HK$39 billion (US$5 billion) Cotai integrated resort…

Covid ・ 28 February 2022

The Gazette

Potential Cedar Rapids casino operator sells some assets to Churchill Downs

The would-be operator of a Linn County casino is selling its Sioux City casino and other properties to Churchill Downs Inc. The $2.5 billion deal, announced Tuesday, does not affect Peninsula Pacific Entertainment's plans to develop a casino in Cedar Rapids, should one ever be approved by the state. (The Gazette) The would-be operator of a Linn…

Industry ・ 23 February 2022

Vegas Slots Online

Potential Second Chance for Failed Richmond Casino Plan

City Councilwoman Reva Trammell is making a push to have another referendum in an attempt to bring a casino to Richmond, Virginia. [Image: Shutterstock.com] A failed casino plan in Richmond, Virginia might get a second chance. Richmond City Councilwoman Reva Trammell is planning to submit a resolution on Monday that would call for another…

Travel ・ 08 January 2022

World Casino News

Fitch Ratings Incorporated warning for trio of Macau casino giants

Prominent credit ratings agency Fitch Ratings Incorporated has reportedly assigned a trio of firms behind some of the largest casinos in Macau with a'ratings watch negative' appraisals largely due to ongoing'regulatory uncertainty'. According to a report from GGRAsia, the move from the New York-headquartered firm involving SJM Holdings Limited, Las…

Travel ・ 13 December 2021

Yogonet

Macau's operator SJM sees revenues, earnings up in H1 driven by "cautious" tourism return

JM Holdings announced 2021 first half results on August 3. The group's gross gaming revenue for the six months ended 30 June 2021 reached HK$5.51 billion (US$708.5 million), up from HK$4.89 billion (US$628.8 million) in the year-earlier period, marking a 12.5% increase. Adjusted EBITDA improved by 48.2% to a negative HK$510 million (US$65.6…

Travel ・ 05 August 2021

GGRAsia

SJM Holdings 1H loss slightly up, as revenue rises 19pct

Macau casino operator SJM Holdings Ltd reported a first-half net loss of nearly HKD1.47 billion (US$ 188.5 million), compared to HKD1.41 in the first six months of 2020. That was on revenue that rose by 19.4 percent year-on-year, to HKD5.22 billion, the firm said on a Tuesday filing to the Hong Kong bourse. Group adjusted earnings before interest,…

Finance ・ 03 August 2021

Gambling Insider

SJM H1 net gaming revenue rises 19.4%

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$5076m in the same period a year earlier. Adjusted EBITDA improved by 48.2%…

Finance ・ 04 August 2021

Asgam

SJM confirms casino table, machine limits for opening day

SJM Holdings says it has been authorized by Macau's gaming regulator, the Gaming Inspection and Coordination Bureau (DICJ) to request the transfer of additional gaming tables from its other properties as the company prepares for the launch its HK$39 billion (US$5 billion) Cotai integrated resort Grand Lisboa Palace today. As reported by Inside…

Travel ・ 29 July 2021

Hawaii Public Radio

Asia Minute: Malaysian Company Makes a Big Splash With $4.3B Las Vegas Resort

If you're considering a trip from Hawai'i to Las Vegas this summer, you can stop by a new casino. The latest resort in the city opened Thursday, backed by a giant in the casino hotel industry-perhaps better known for its work in Asia. Some people may not be familiar with Genting, a Malaysian company that just opened a $4.3 billion complex on the…

Travel ・ 26 June 2021