Macau gaming operator SJM Holdings returned to profitability in the first quarter of 2025, recording a profit of HK$31m (US$4m), compared to a loss of HK$74m ($9.5m) in the same period last year.
Net gaming revenue rose 7.5 per cent year-on-year to HK$6.95bn ($890m). Gaming revenue, net of commissions and incentives of HK$602m ($77m), earned by SJM Resorts, a subsidiary of the company, totaled HK$6.95bn ($890m) in 1Q25.
According to the financial results, the group’s syndicated banking facilities comprise a HK$9bn ($1.16bn) term loan and a HK$10bn ($1.29bn) revolving credit facility, of which HK$3.8bn ($490m) remained undrawn as of March 31, 2025.
Total net revenue increased 8.1 per cent to HK$7.48bn ($958m) for the quarter. Adjusted EBITDA rose 10.9 per cent year-on-year to HK$958m ($123m), with the Adjusted EBITDA margin improving by 0.3 percentage points to 12.8 per cent.
Source: Asia Gaming Brief
