Casino boss praises developments in Hengqin and applauds near 100% vaccination rate among staff.
EBITDA
Studio City’s second phase on track for completion in December 2022, however Ho sees future of gaming business focussed on mass market.
CEO Ambrose So hails summer opening of Grand Lisboa Palace and significant improvement in operating results.
With total liquidity of HK$13.4 billion, casino operator stresses its healthy financial position, looks forward travel restrictions easing.
Integrated resorts like The Venetian and Four Seasons perform better but both Sands Macao and newly opened Londoner fare poorly.
Bosses applaud the end of China quarantine, vaccine roll-out and balance sheet uptick, and look forward to even better results in March and May Golden Week.
SJM Holdings Limited announced today that its adjusted EBITDA declined year-on-year to a negative HK$200 million in the first quarter, a decrease of 118.6%.
Hong Kong-listed gaming operator MGM China reported today an adjusted negative EBITDA of HK$0.1 billion for the first quarter.
Galaxy Entertainment Group (GEG) and SJM Holdings reported on Tuesday their 2016 results. According to a GEG statement to the Hong Kong Stock Exchange, the company recorded a full-year net profit attributable to shareholders (NPAS) of HK$6.3 billion.
