SJM Holdings’ net gaming revenue for 2023 came in at HK$20 billion, a year-on-year increase of 229 percent that was mainly attributable to the return of tourism to Macao, the company said in a regulatory filing yesterday. Other income for the year totaled HK$1.8 billion.
The company’s adjusted property earnings before interest, taxes, depreciation and amortisation (EBITDA) were HK$1.7 billion, up from minus HK$3.1 billion in 2022.
The loss attributed to SJM’s owners was HK$2 billion, down from the HK$7.79 billion loss in 2022, and its board did not recommend any dividends be paid.
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In terms of individual properties, Grand Lisboa’s gross revenue totalled HK$5.74 billion, with gross gaming revenue accounting for HK$5.43 billion. Grand Lisboa Palace’s gross revenue was HK$3.67 billion and gross gaming revenue reached HK$2.69 billion.
According to the announcement, SJM earned 11.9 percent of Macao’s gross gaming revenue for the year, which stood at 18.6 billion patacas across the six gaming concessionaires.
At the end of last year, SJM announced a management reshuffle with Ip Shih Ming taking over from Toh Hup Hoc as chief financial officer.
