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CLSA raises SJM’s 2024 EBITDA forecast by 9.3% following strong 1Q24

CLSA has raised Macau gaming operator SJM’s EBITDA forecast by 9.3 percent for the calendar year of 2024 following the company's strong first-quarter results.

Seaport: Slow ramp up at Grand Lisboa Palace worrying sign for SJM

SJM Holdings Limited (SJM) first quarter financial results showed slight improvements and met analyst expectations, but the slow ramp-up at Grand Lisboa Palace amidst a robust Macau recovery was worrying for the gaming operator, brokerage Seaport pointed out.

SJM’s net gaming revenue soars 74.5% to $827M in 1Q24

SJM Holdings recorded a 74.5 percent year-on-year increase in net gaming revenue in the first quarter of 2024, reaching $827 million.

SJM and MGM to outperform in 1Q24 – CITI

Brokerage firm Citi forecasts that SJM Holdings and MGM China are likely to emerge as the operational outperformers for the first quarter of 2024 in Macau's gaming industry, underlining, especially, MGM's advantage in the use of radio frequency identification (RFID) technology in gaming tables.

SJM Resorts inaugurates Palazzo Versace hotel

SJM Resorts has officially unveiled the Palazzo Versace hotel at its Grand Lisboa Palace complex, marking Versace's debut in the Asian luxury hotel scene.

SJM Resorts with 230% y-on-y jump in net gaming revenue in 2023

SJM Resorts recorded a 230 percent year-on-year increase in net gaming revenue in 2023, reaching HK$20 billion ($2.5 billion) in 2023.

Emperor Entertainment raises annual caps on service fees from SJM

Emperor Entertainment Hotel has announced an adjustment to the annual caps on the service fees it will receive from SJM Resorts.

SJM Resorts announces employee wage hike

SJM has become the latest Macau gaming concessionaire to announce a pay raise to its employees.

SJM launches new non-gaming amenities to ramp up Grand Lisboa Palace

Macau gaming operator SJM Resorts unveils new non-gaming amenities, hoping to ramp up its flagship property, Grand Lisboa Palace.

SJM Resorts announces a discretionary bonus equivalent to 1 month’s salary to all eligible employees

Macau gaming operator SJM Resorts announces that it will distribute a special discretionary bonus equivalent to one month’s salary to all eligible employees on 31 January 2024, benefiting approximately 98 percent of its staff.