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

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

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

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.

Rising from the ashes, a story Macau has seen many times. Analysts at Fitch are predicting that legacy gaming operator SJM will fully accelerate into 2024, and drive its Cotai property Grand Lisboa Palace to finally break-even (EBITDA-wise). This is boosted by increased tourism, despite air traffic in 2023 reaching just half of pre-pandemic levels. Regionally, Vietnam looks to take advantage of this, aiming for 18 million tourists this year. On the wide scope, gaming equipment companies finished 2023 on a high note, with the AGEM index up by 2.7 percent. And Imperial Pacific gets another reprieve, as its winding-up proceedings are further delayed in Hong Kong.

Fitch Ratings anticipates that SJM Holdings Limited will experience a positive free cash flow (FCF) in 2024, with further expansion in 2025-2026. This positive trend is expected to drive a reduction in debt balance from HK$ 29 billion ($2.7 billion) at the end of September 2023 to HK$ 26 billion ($3.3 billion) by the end of 2025 and HK$ 23 billion ($3 billion) by the end of 2026.

Macau casino operator SJM Holdings Ltd has appointed Ip Shih Ming as new chief financial officer (CFO), with effect from 6 December 2023.