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SJM Holdings to achieve positive free cash flow in 2024, says Fitch

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.

SJM Holdings appoints Ip Shih Ming as new CFO

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

SJM Holdings bullish over The Grand Lisboa Palace

Despite recent results SJM Holdings is bullish over The Grand Lisboa Palace project and has made all provisions in the capex plans to ensure that enough financial attention is paid towards the project which kicked-off from July 2022.

Daisy Ho picks SJM Holdings shares sold by Ambrose So

Ambrose So raked in HK$87 million (US$11.1 million) with the sale of 30.02 million of his shares in SJM Holdings.

SJM Holdings ratings outlook cut to negative by Moody’s

SJM Holdings’ credit rating has been confirmed at its current level after the operator managed to refinance its loans, but the outlook was cut to negative by Moody’s.

SJM Holdings to guarantee worker jobs in satellite casinos

SJM Holdings has said it will guarantee the jobs of any workers who find themselves unemployed due to the closure of its satellite casinos in Macau.

SJM Holdings 1Q22 loss widens, cash burn seen as worrying

SJM Holdings reported a doubling in its 1Q22 net loss, though gross gambling revenue was down just 4.2 percent with mass-market revenue edging higher and its slots business outperforming. 

SJM Holdings likely gained market share in 1Q22 on GLP ramp up: Credit Suisse

SJM Holdings is likely to have seen a gain in market share in 1Q22 due to the continued ramp up of its Grand Lisboa Palace property on Cotai, although its EBITDA for the quarter is still likely to be negative, Credit Suisse analysts said.

SJM Holdings 4Q21 misses expectations, opening of Versace hotel seen delayed

SJM Holdings said its 2021 loss widened, though business volumes improved, helped by the opening of its Grand Lisboa Palace resort last July.

SJM Holdings sponsors Macau Design Awards ceremony

The “Macau Design Awards 2021” award ceremony, title sponsored by SJM Resorts, S.A. and hosted by the Macau Designers Association, was held yesterday at...