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Sociedade de Jogos de Macau casino revenue falls 20.7 per cent

SJM said in a statement yesterday that it’s gaming revenue decreased by 20.7 per cent to HK$20.88 billion. Total revenue dropped by 20.6 per cent to HK$21.13 billion. Adjusted EBITDA fell by 27.8 per cent to HK$1.63 billion. Profit attributable to the owners of the company decreased by 38.7 per cent to HK$1.09 billion. The company’s […]

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SJM said in a statement yesterday that it’s gaming revenue decreased by 20.7 per cent to HK$20.88 billion.

Total revenue dropped by 20.6 per cent to HK$21.13 billion.

Adjusted EBITDA fell by 27.8 per cent to HK$1.63 billion.

Profit attributable to the owners of the company decreased by 38.7 per cent to HK$1.09 billion.

The company’s interim dividend per ordinary share sank by 40 per cent to HK$6.0 cents.

Year-on-year, mass-market table gaming revenue decreased by 11.5 per cent and VIP gaming revenue dropped by 28.5 per cent during the first six months of the year. Slot-machine operations revenue fell by 8.4 per cent.

According to the statement, SJM had a 20 per cent share of Macau’s gaming revenue, including 23.1 per cent of mass-market table gaming revenue and 18.4 per cent of VIP gaming revenue.

According to the statement, Grand Lisboa Palace in Cotai “continued to make good progress on construction during the first half of 2016.”

The statement quoted SJM Chief Executive Officer Ambrose So Shu Fai as saying, “Though challenging conditions persisted in the first half of 2016, SJM maintains its confidence in, and commitment to the future of Macau.”(Macau News / The Macau Post Daily)

 

 

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