Monday, February 26, 2024
HomeNewsMacauSJM Q1 loss widens 58.2 percent as revenue drops

SJM Q1 loss widens 58.2 percent as revenue drops

FOLLOW US

SJM Holdings said its Q1 loss attributable to owners of the company was HK$647 million, an increase of 58.2% from the same period last year.

Gross gambling revenue declined 32.7 percent, while the group’s Adjusted EBITDA loss widened to $3`9 million from $200 million.

Although Macau’s casinos were forced to close for two weeks in February of last year as the pandemic hit, the month prior to that was strong in terms of visitation and revenue.

AGBrief Editorial
AGBrief Editorialhttps://agbrief.com/about-asia-gaming-brief/
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

RELATED ARTICLES