Grand Lisboa Palace, a $5 billion undertaking, is seen complete on the Cotai Strip. The Macau resort is SJM Holdings’ largest investment ever. (Image:
Inside Asian Gaming)
During the company’s first-quarter 2021 earnings call this week, executives said they are still waiting on their table games allocation from the Macau Gaming Inspection and Coordination Bureau (DICJ). SJM said it wishes to have approximately 300 table games and more than 1,000 slot machines when it welcomes its first guests.
The 300-table target is considerably more than what the DICJ typically allows for new integrated resorts. The gaming regulator’s standard for new large-scale casinos is usually around 150 to 200 table games.
Macau casino operator SJM Holdings Ltd reported a net loss of HKD647 million (US$83.3 million) for the opening three months of 2021, on net gaming revenue that fell by 29.2 percent in year-on-year terms. That compares with a loss of approximately HKD409 million in the prior-year period, according to a filing on Tuesday to the Hong Kong Stock Exchange.
Total net revenue for the three months to March 31 was just below HKD2.48 billion, compared with HKD3.48 billion in the prior-year period, the firm said in selected unaudited key performance indicators for the first quarter of 2021.
Quarter-on-quarter comparisons were not provided by the company. SJM Holdings usually does not make publicly available financial data for the fourth quarter of each financial year; instead, the firm just provides full-year figures.
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