SJM revenue climbs over 120%

SJM has announced robust interim results for 2023, with net gaming revenue climbing to HK$8.69bn (US$1.1bn) in 1H23, representing a significant 128.2 per cent year-on-year increase.

These figures demonstrate the group’s achievement of an adjusted EBITDA of HK$461m ($59m), a reversal from the loss of HK$1.2bn ($150m) in 1H22. The company’s loss attributable to owners was HK$1.3bn ($161m), compared to the loss of HK$2.8bn ($352m) in 1H22.

According to a Monday filing, the Hong Kong-listed SJM had an 11.8 per cent share of Macau’s gaming revenue, comprising 14.9 per cent of mass market table gross gaming revenue and 3.5 per cent of VIP gross gaming revenue.

Company-rolling revenue, previously referred to as VIP revenue, surged by 84 per cent to HK$712m ($91m), while mass revenue surged to HK$7.7bn in 1H23, marking a substantial 135 per cent increase. Electronic gaming revenue reached HK$785m ($100m).

Source: Asia Gaming Brief