• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Thursday 31 July 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 中文
No Result
View All Result
IAG
No Result
View All Result

SJM Resorts reports flat sequential GGR of US$885 million in 2Q24 as Cotai IR continues to ramp

Ben Blaschke by Ben Blaschke
Tue 27 Aug 2024 at 18:22
Less than one month remaining to MGS Summit 2022
20
SHARES
498
VIEWS
Print Friendly, PDF & Email

Macau concessionaire SJM Holdings has reported group-wide gross gaming revenues of HK$6.90 billion (US$885 million) in the three months to 30 June 2024, flat compared with the March 2024 quarter but up 30.5% versus the same period in 2023. Non-gaming revenue of HK$448 million (US$57.4 million) was down 1.8% sequentially but up 20.7% year-on-year, while Adjusted EBITDA of HK$871 million (US$112 million) more than doubled the 2Q23 result.

Net loss for the first six months of the year came in at HK$162 million (US$20.8 million), narrowed from HK$1.26 billion (US$162 million) a year earlier.

SJM’s 2Q24 result included steady growth at Cotai integrated resort Grand Lisboa Palace, where GGR grew by 9.3% quarter-on-quarter and 67.5% year-on-year to HK$1.21 billion (US$155 million) – enough to grow the property’s market share to 2.2%. Adjusted Property EBITDA reached HK$104 million (US$13.3 million).

Peninsula property Grand Lisboa was more subdued as GGR declined 5.0% quarter-on-quarter to HK$1.78 billion (US$228 million) on declines in all gaming segments. Adjusted Property EBITDA of HK$475 million (US$60.9 million) was down 11.2% quarter-on-quarter but still 50.1% higher than the same period last year.

At self-promoted casinos Jai Alai and Sofitel at Ponte 16, GGR was flat quarter-on-quarter at HK$1.26 billion (US$162 million) – up 11.3% year-on-year – while Adjusted Property EBITDA was slightly down both quarter-on-quarter and year-on-year to HK$315 million (US$40.4 million).

And at SJM’s satellite casinos, GGR was again flat quarter-on-quarter but up 26.3% year-on-year to HK$2.64 billion (US$338 million), with Adjusted Property EBITDA of HK$22 million (US$2.8 million).

Group-wide, SJM said its mass gaming segment enjoyed a slight 1.1% sequential and 32.7% year-on-year increase in GGR to HK$5.78 billion (US$741 million), with Electronic Gaming Machines performed strongly, up 10.1% and 39.9% respectively to HK$589 million (US$75.5 million). Rolling GGR was more challenged, down 17.5% quarter-on-quarter and up just 4.0% year-on-year to HK$532 million (US$68.2 million).

For the first six months of 2024 combined, group-wide GGR grew by 50.3% year-on-year to HK$13.8 billion (US$1.77 billion) while market share climbed from 11.8% to 12.5%.

RelatedPosts

IAG to launch weekly “The IAG Live Streaming Show” starting this Friday 25 July

Don’t miss Episode 2 of The IAG Live Streaming Show this Friday at 10am

Thu 31 Jul 2025 at 06:43
Inside Asian Gaming names MGM as Venue Sponsor for 2023 Asian Gaming Power 50 Black Tie Gala Dinner

MGM Macau launches new villas, high-end Alpha Club gaming space in response to evolving customer base

Thu 31 Jul 2025 at 06:38
The show must go on

MGM China reports all-time record Adjusted EBITDA of HK$2.5 billion, market share hits 16.6%

Thu 31 Jul 2025 at 05:11
Macau’s IP Economy

Macau’s IP Economy

Thu 31 Jul 2025 at 02:01
Load More
Tags: 2024Gaminggross gaming revenueMacauSJM HoldingsSJM Resorts
Share8Share1
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – Better late than never

Editorial – Better late than never

by Ben Blaschke
Thu 31 Jul 2025 at 07:13

Inside Asian Gaming has in recent weeks been hearing increasing chatter around a possible move by Vietnamese authorities to introduce...

Angel’s Yasushi Shigeta

Angel’s Yasushi Shigeta

by Ben Blaschke
Thu 31 Jul 2025 at 07:08

Yasushi Shigeta, Chairman and owner of one of the world’s largest gaming industry suppliers, Angel Group, sits down with Inside...

The Magic Number

The Magic Number

by David Bonnet
Thu 31 Jul 2025 at 06:41

In this in-depth deep dive into the evolution of the Asian gaming landscape, David Bonnet argues that many regional jurisdictions...

Rashid Suliman – A road well traveled

Rashid Suliman – A road well traveled

by Ben Blaschke
Thu 31 Jul 2025 at 02:45

Rashid Suliman, Vice President of Global Gaming Asia-Pacific for casino solutions provider TransAct Technologies, provides some insight into his unique...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

IAG to launch weekly “The IAG Live Streaming Show” starting this Friday 25 July

Don’t miss Episode 2 of The IAG Live Streaming Show this Friday at 10am

by Newsdesk
Thu 31 Jul 2025 at 06:43

Inside Asian Gaming’s new weekly production, The IAG Live Streaming Show, will return this Friday 1 August at 10am Macau time. Episode 1 of The IAG Live Streaming Show was broadcast last Friday 25 July 2025, representing an evolution of “On the...

Inside Asian Gaming names MGM as Venue Sponsor for 2023 Asian Gaming Power 50 Black Tie Gala Dinner

MGM Macau launches new villas, high-end Alpha Club gaming space in response to evolving customer base

by Ben Blaschke
Thu 31 Jul 2025 at 06:38

MGM China said Thursday that it has soft-launched an “ultra-high-end” gaming space called Alpha Club and completed 28 Alpha Villas at peninsula property MGM Macau as the company continues to make inroads into the city’s lucrative premium mass segment. The...

The show must go on

MGM China reports all-time record Adjusted EBITDA of HK$2.5 billion, market share hits 16.6%

by Ben Blaschke
Thu 31 Jul 2025 at 05:11

MGM China recorded its highest ever Adjusted EBITDA in the June 2025 quarter, continuing its recent run of success as the company’s Macau market share hit 16.6%. According to information released by parent company MGM Resorts International early Thursday (Macau...

PAGCOR to slash license fees charged to Philippine IR operators on online gaming GGR to new low of 25%

PAGCOR’s net income up 64% to US$188 million in first six months of 2025

by Ben Blaschke
Wed 30 Jul 2025 at 17:05

Philippine gaming regulator PAGCOR registered net income of Php10.8 billion (US$188 million) in the first six months of 2025, up 64.3% year-on-year thanks in part to a 14% increase in revenues to Php51.8 billion (US$899 million). A day after revealing...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 中文

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 中文
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English