Gaming concessionaire SJM Resorts generated HK$8.69 billion in the first half of 2023, up from HK$3.81 billion during the same period last year.
In a regulatory filing, the company said that its adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) for the first six months of this year stood at HK$461 million, as compared with a loss of HK$1.16 billion in the first half of 2022.
First-half losses attributable to owners of the company were reduced to HK$1.26 billion, as compared with a loss of HK$2.75 billion in the six months ending June 30, 2022.
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SJM said that it had an almost 12 percent share of Macao’s overall gaming revenue, including nearly 15 percent of mass market gross gaming revenue and 3.5 percent of VIP gross gaming revenue.
The concessionaire added that “after almost three years of severely inhibited travel” related to the Covid-19 pandemic, “visitation to Macau showed a robust recovery in the first half of 2023.”
It also noted that it had committed to investing HK$13.6 billion in non-gaming infrastructure over the 10 years of its current gaming concession.
