Search Results for: "lisboa palace"

March 5, 2025

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau, Financial Press Releases

After a challenging period, SJM Holdings Ltd has reported a slight profit for the fiscal year 2024, marking a significant recovery from a HKD2.01 billion loss in 2023. The Macau-based casino operator attributed...

SJM Holdings Reports Strong Q3 Earnings, Reverses Previous Losses

November 12, 2024

Latest Casino and Gambling News, Casino reviews from Macau, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Macau, Financial Press Releases

SJM Holdings Ltd has showcased a significant turnaround, reporting a profit of HKD101 million (US$13.0 million) for the third quarter ended September 30, contrasting sharply with a loss of HKD410 million during...

SJM Holdings Cuts Losses by 87%, Boosts Revenue with Key Casino Upgrades

August 30, 2024

Latest Casino and Gambling News, Casino News, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Macau, Financial Press Releases

SJM Holdings, a casino operator from Macau, has witnessed a substantial enhancement in its operational outcomes, primarily due to cost reductions in its satellite casinos and significant upgrades across its maj...

SJM Holdings Records HK$2.01 Billion Loss in 2023, Narrowed from HK$7.80 Billion in 2022

March 6, 2024

Latest Casino and Gambling News, Casino reviews from Macau, Gaming Industry News, Economy/Finance, Macau, Financial Press Releases

One of the biggest concessionaires in Macau, SJM Holdings, released a revenue report and it seems things are looking better for the city. Thanks to a significant increase in gaming revenue, in a year ending wit...

SJM Holdings’ $53 Million Loss Offset By Booming Grand Lisboa Resort Operations

Radosav Milutinovic

November 15, 2023

Casino News, Reviews from the Cotai Strip, Latest Casino and Gambling News, Casino Destinations, Casino reviews from Macau, World Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Asian Casino News, Macau, Financial Press Releases

The acceleration of the Macau gaming industry seems to be compensating for the lows experienced during the pandemic. However, the past closures of gambling properties still impact SJM Holdings as the company re...

Texas Hold’em Poker GGR In Macau Hits 93.7% Of 2019 Record

October 19, 2023

Casino News, Latest Casino and Gambling News, Casino Destinations, Casino reviews from Macau, World Casino News, Gaming Industry News, Economy/Finance, Online Poker, Poker, Macau, Online Gambling News, Asian Casino News, Financial Press Releases

According to information obtained from the Gaming Inspection and Coordination Bureau, the gross gaming income (GGR) collected from Texas Hold’em poker in the regulated Macau market throughout the third quarter ...

Reservations Climb For Macau Hotels For Upcoming Holiday Period

September 24, 2023

Casino Destinations, Casino News, Latest Casino and Gambling News, New Hotels, World Casino News, Gaming Industry News, Macau, Asian Casino News

Large amount of hotel rooms within Macau casino resorts have all their rooms, which were available on the open market, booked for nearly all nights of the approaching autumn national holiday Golden Week, in com...

SJM Holdings Experiences 241% Year-Over-Year GGR Growth

August 22, 2023

Casino News, Latest Casino and Gambling News, Casino Destinations, Casino reviews from Macau, World Casino News, Hong Kong, Gaming Industry News, Casino moguls, Economy/Finance, Macau, Online Gambling News, Asian Casino News, Financial Press Releases

SJM Holdings, a flagship owner, operator and developer of casinos and IRs in Macau, revealed gross gaming income (GGR) of HK$5.66 billion, approximately US$722 million, for the three months to June 30th, 2023, ...

Macau Tax Revenue Increases 15% in May, Contributes 79% to Total Region’s Income

Radosav Milutinovic

June 13, 2023

Casino Destinations, Casino News, Reviews from the Cotai Strip, Latest Casino and Gambling News, Casino reviews from Macau, World Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Taxation, Financial Press Releases

Inside Asian Gaming reports that the Macau government collected MOP$5.7 billion (US$706 million) in gaming tax revenue in May 2023. The source also transfers the data from the Financial Services Bureau reportin...

Grand Lisboa Palace Opens Foreigner Gaming Area

April 10, 2023

Casino News, Latest Casino and Gambling News, Casino Destinations, Casino reviews from Macau, World Casino News, Casino openings, Casino expansion projects, Gaming Industry News, Asian Casino News, Macau

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 C...

Upcoming earnings optimism for Macau casino operators

September 26, 2022

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Macau

A senior analyst for global investments firm JPMorgan Chase and Company has reportedly forecast that at least some of the casino operators in Macau will be able to turn in positive fourth-quarter earnings owing...

No more ‘satellite’ casino purchases expected for SJM Holdings Limited

May 30, 2022

Casino Sales, Casino News, Latest Casino and Gambling News, Casino closures, Gaming Industry News, Economy/Finance, Licenses, Macau, Mergers, Acquisitions & Partnerships

American investment bank JPMorgan Chase and Company has reportedly predicted that Macau casino operator SJM Holdings Limited is unlikely to pursue a policy of purchasing any further ‘satellite’ gambling assets....

SJM Holdings Limited to purchase Macau’s Casino Oceanus at Jai Alai venue

May 27, 2022

Casino Sales, Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, Licenses, Macau, Mergers, Acquisitions & Partnerships

In Macau and casino operator SJM Holdings Limited has reportedly announced that it is to issue convertible five-year bonds worth slightly over $242.82 million so as to be able to buy the Casino Oceanus at Jai A...

SJM Holdings Limited liquidity position labelled ‘somewhat worrying’