SJM is dealt a tough hand in Macao gambling shake-up
The gaming company is shedding most of its satellite casinos and focusing on core assets in a restructuring that has taken a chunk out of quarterly earnings Key Takeaways: Bucking…
‘Satellite casino’ era winds down in transforming Macao
The phasing out of smaller casinos operated by licensed gaming firms in non-gaming properties could help to boost gaming company margins Key Takeaways: All 11 of Macao’s “satellite casinos” will…
Sands China gambles on room revamp to revive flagging profits
The Macao casino operator has reported a drop in quarterly profit but is banking on demand for its refurbished rooms during May’s Golden Week holidays Key Takeaways: Sands China’s first-quarter…
BRIEF: SJM returns to the black on Macao gaming rebound
Casino operator SJM Holdings Ltd. (0880.HK) announced on Tuesday it returned to the black last year, ending four consecutive annual losses, as Macao’s gaming market rebounded with the end of…
BRIEF: SJM to buy commercial building in Hengqin for $75 million
Casino operator SJM Holdings Ltd. (0880.HK) announced on Wednesday that it has agreed to buy a nine-story office building in Zhuhai’s Hengqin district from Shun Tak (0242.HK) for 546 million…
MGM China looks like worthwhile bet among Macau gaming stocks
The casino operator’s interim results showed that both its revenue and profits rebounded to above pre-pandemic levels Key Takeaways: MGM China posted a profit of nearly HK$2.7 billion in the…
Despite improvement, shrinking SJM runs low on luck
The former casino powerhouse’s revenue rose 73% in the first quarter, but it continued to lose money as it lagged many of its peers Key Takeaways: SJM Holdings lost HK$74…
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