SJM Holdings says its net gaming revenue in the first quarter of 2024 increased to HK$6.4 billion (US$818 million), compared to HK$3.5 billion (US$447 million) for the same period last year, or a rise of almost 60 percent.
In a regulatory filing, the casino operator said its adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) for the quarter was HK$864 million (US$110 million), as compared with HK$31 million (US$3.9 million) in the first three months of 2023.
The loss attributable to owners of the company shrank to HK$74 million (US$9.4 million) compared to the comparable figure of HK$869 (US$111 million) million last year.
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In the first three months of this year, Grand Lisboa Palace’s gross revenue was HK$1.4 billion (US$179 million), including gross gaming revenue of HK$1.1 billion (US$140 million) and non-gaming revenue of just over HK$300 million (US$38 million).
At Grand Lisboa, gross revenue for the quarter was HK$1.95 billion (US$249 million), including gross gaming revenue of HK$1.87 million (US$239 million) and non-gaming revenue of HK$81 million (US$10.3 million).
Capital expenditure of the Group during the first quarter of 2024 was HK$73 million (US$9.3 million), which was primarily for furniture, fixtures and equipment and leasehold improvements.
