{"id":9331,"date":"2025-05-01T13:50:51","date_gmt":"2025-05-01T12:50:51","guid":{"rendered":"https:\/\/sbceurasia.com\/en\/?p=9331"},"modified":"2025-05-01T13:50:56","modified_gmt":"2025-05-01T12:50:56","slug":"grand-lisboa-palace-helps-sjm-post-first-quarter-profit","status":"publish","type":"post","link":"https:\/\/sbceurasia.com\/en\/2025\/05\/01\/grand-lisboa-palace-helps-sjm-post-first-quarter-profit\/","title":{"rendered":"Grand Lisboa Palace Helps SJM Post First-Quarter Profit"},"content":{"rendered":"\n

SJM Holdings <\/strong>reported a profit attributable to owners of HK$31 million (US$3.88 million) for the three months ended March 31, reversing a loss of HK$74 million (US$9.25 million) a year earlier, thanks to growth at Cotai resort Grand Lisboa Palace <\/strong>(GLP). The profit was also significantly higher than the HK$3 million (US$375,000) it posted in fiscal 2024.<\/p>\n\n\n\n

Providing key performance indicators for the first quarter, SJM said in a report that group-wide gross gaming revenue (GGR) rose 9.6% to HK$7.55 billion (US$943.8 million), of which HK$6.20 billion (US$775 million) was generated from mass gaming tables, up 8.6% year-on-year. GGR from electronic gaming machines<\/strong> rose 32.1% to HK$707 million (US$88.4 million), while rolling GGR fell slightly to HK$641 million (US$80.1 million).<\/p>\n\n\n\n

Adjusted EBITDA rose 10.9% year-on-year to HK$958 million (US$120 million)<\/strong>.<\/p>\n\n\n\n

In real estate, GLP reported a 73.8% increase in total revenue in Q1 2025 to HK$1.93 billion (US$241.3 million), with adjusted real estate EBITDA of HK$149 million (US$18.6 million). This included a 41.1% increase in GGR to HK$1.57 billion (US$196.3 million), a 17.8% increase in hotel revenue to HK$192 million (US$24 million), and an 18.8% increase in F&B and mall revenue to HK$171 million (US$21.4 million).<\/p>\n\n\n\n

The Grand Lisboa, a landmark on the peninsula, posted solid revenue of HK$1.89 billion (US$236.3 million) and adjusted EBITDA of HK$440 million (US$55 million), with GGR down 4.4% year-on-year but non-gaming revenue showing strong growth.<\/p>\n\n\n\n

Other casinos Jai Alai, Kam Pek and Ponte 16<\/strong> saw GGR grow 6.6% to HK$1.34 billion (US$167.5 million), while the satellite casino’s GGR rose 7.6% to HK$2.85 billion (US$356.3 million).<\/p>\n\n\n\n

SJM noted that its adjusted EBITDA margin for the quarter was 12.8%, slightly better than 12.5% \u200b\u200bin 1Q24.<\/p>\n\n\n\n

\u201cWhile the market experienced softer consumer spending in the first quarter, SJM\u2019s performance remained steady on a sequential basis,\u201d said Daisy Ho<\/strong>, Chairman of SJM Holdings and Managing Director of SJM Resorts.<\/p>\n\n\n\n

\u201cThe property enhancements undertaken throughout 2024 are now coming to fruition, with a pipeline of new offerings set to launch in phases – serving as growth levers for the mass market. Although the near-term macroeconomic outlook presents some headwinds, we remain focused on execution and confident in the long-term fundamentals of Macau\u2019s tourism economy.\u201d<\/p>\n\n\n\n

Don’t forget to subscribe to our Telegram channel<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

SJM Holdings reported a profit attributable to owners of HK$31 million (US$3.88 million) for the three months ended March 31, reversing a loss of HK$74 million (US$9.25 million) a year earlier, thanks to growth at Cotai resort Grand Lisboa Palace (GLP). The profit was also significantly higher than the HK$3 million (US$375,000) it posted in […]<\/p>\n","protected":false},"author":7,"featured_media":9333,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[5,1],"tags":[12422,12421,2758],"class_list":["post-9331","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gambling","category-news","tag-daisy-ho","tag-grand-lisboa-palace","tag-sjm-holdings"],"yoast_head":"\nGrand Lisboa Palace Helps SJM Post First-Quarter Profit - SBC EURASIA EN<\/title>\n<meta name=\"description\" content=\"SJM Holdings reported a profit attributable to owners of HK$31 million (US$3.88 million) for the three months ended March 31, reversing a loss of HK$74 million (US$9.25 million) a year earlier, thanks to growth at Cotai resort Grand Lisboa Palace (GLP).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sbceurasia.com\/en\/2025\/05\/01\/grand-lisboa-palace-helps-sjm-post-first-quarter-profit\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Grand Lisboa Palace Helps SJM Post First-Quarter Profit - 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