SJM posts small Q3 profit amid satellite casino transition
Quarterly adjusted EBITDA up 28% quarter-on-quarter to HK$881m (US$113m) despite market headwinds.
Quarterly adjusted EBITDA up 28% quarter-on-quarter to HK$881m (US$113m) despite market headwinds.
The satellite casino is the latest to close as new legislation comes in regarding its operations.
Operating income was up 33.1% year-on-year, while net income was up from $12.7m to $62m.
Golden Week recovery and non-gaming initiatives drive city's best post-Covid-19-pandemic monthly performance.
The closing process for the SJM Operated location has involved multiple government departments to ensure legal compliance and employee support.
The company confirmed that its Chairman and CEO sold 300,000 shares as part of a planned financial diversification ahead of his move to senior advisor next year.
The eight-day festival, spanning 1-8 October, is one of the most important periods for the city's tourism and gaming industries.
Executive leadership and the Board of Directors determined that further investment was no longer aligned with the company's core long-term objectives.
Macau releases gross gaming revenue figures for September 2025.
The video falsely promoted a fictitious investment scheme with promises of 'hundredfold returns.'