Macao’s oldest concessionaire SJM generated HK$5.41 billion in net gaming revenue during the third quarter of this year, according to a statement issued by the company. This represented 67 percent of net gaming revenue in the same period in 2019 – the last year before the Covid-19 pandemic struck.
Gross gaming revenue was at HK$5.71 billion – a quarterly increase of just 1 percent, according to previous media reports.
The group’s adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) reached HK$566 million in the third quarter, a 32 percent increase on the April-June period.
Cumulative net revenues for the first nine months of the year stood at HK$14.12 billion, a year-on-year rise of almost 200 percent due to the fact Macao was under heavy pandemic restrictions in 2022.
Grand Lisboa earned HK$1.47 billion in gross gaming revenue and HK$81 million in non-gaming revenue for the quarter. Grand Lisboa Palace, meanwhile, earned HK$783 million in gross gaming revenue, and HK$301 million in non-gaming revenue for the quarter.
The loss attributable to SJM’s owners was HK$410 million for the quarter. For the year to September, their losses totalled HK$1.67 billion.
At the end of September, the group had HK$4.57 billion in cash, bank balances, short-term bank deposits and pledged bank deposits. It was also HK$28.3 billion in debt.