SJM is betting heavily on the multibillion-dollar resort to regain some of its lost market share. But like Sands, MGM, Wynn, Melco, and Galaxy, the property will feature plenty of activities outside the casino space.<\/p>\n
\n“More than 90 percent of the total area will be devoted to a full range of non-gaming facilities,” the company explained.<\/strong><\/p>\n<\/blockquote>\nSJM concludes in its outlook that the group’s future is dependent on “the overall economic performance of the surrounding region, government regulatory policies, and the level of visitation to Macau.”<\/p>\n
Gross gambling revenue in Macau is up 17.5 percent through July, with win totaling $21.7 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"
SJM Holdings, the casino empire of Hong Kong billionaire Stanley Ho, reported Tuesday that net profits for the company jumped nearly 57 percent over the first six months of 2018. Net gaming revenue totaled HKD16.84 billion ($2.15 billion) from January through June, a 9.6 percent increase. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) […]<\/p>\n","protected":false},"author":25,"featured_media":84948,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18],"tags":[],"acf":[],"yoast_head":"\n
SJM Holdings Profits Surge, But Company Loses Macau Market Share<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n