SJM loss worsens to HK$647m

Tuesday, May 04, 2021

Macau casino operator SJM (0880) said net loss expanded by 58.2 percent year-on-year to HK$647 million in the first quarter.

Adjusted EBITDA declined to a negative HK$319 million in the first quarter from negative HK$200 million in the same period last year.

Total net revenue fell by 28.8 percent to HK$2.47 billion in the first three months.

VIP gross gambling revenue was HK$485 million, down by 59.4 percent year-on-year; mass market gross gambling revenue was HK$2,051 million, a drop of 21.3 percent, and slot machine gross gambling revenue was HK$116 million, a decline of 17.3 percent.