Hong Kong-listed gaming resort operator SJM Holdings has reported that its net gaming revenue reached HK$9.6 billion last year, a year-on-year growth of 31.5 per cent.
The company’s hotel, catering, retail and other income increased by 64.7 per cent to HK$592 million.
Adjusted EBITDA was negative HK$1.58 billion, as compared with negative HK$2.09 billion in 2020.
Loss attributable to the owners of the company amounted to HK$4.1 billion last year. In 2020, the loss stood at HK$3.0 billion.
SJM estimated that it had a 12.3 per cent share of Macao’s gross gaming revenue among the city’s six gaming operators – 16.3 per cent of mass market table gaming revenue and 4.9 per cent of VIP gaming revenue.
The company’s total investment in its Grand Lisboa Palace resort in Cotai was HK$38.2 billion. The deluxe resort opened its doors to the public on 30 July 2021.
SJM Holdings Vice-Chairman and CEO Ambrose So Shu Fai commented that “during 2021 SJM achieved annual increases in business volumes, although subject to the challenges of the pandemic for the full year.”