SJM Holdings reported a loss attributable to shareholders of HK$1.03 billion (US$132.8 million) in Q3, compared with a profit of HK$738 million a year earlier, but said it has seen signs of a pick up towards the end of the quarter.
The operator said it now expects to open its Grand Lisboa Palace on Cotai in the first quarter of next year.
Gaming suppliers, like all areas of the industry, have felt the pinch from the Covid-19 crisis, though their growing digital businesses have proved a bright spot and helped offset the impact of the crisis.
Consolidation of the bases and advancement in adversity was the thrust of Macau Chief Executive’s policy address for 2021, though it gave little away when it came to the current pillar of the economy - the gaming industry.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.