Macau casino company SJM Holdings still has a large number of redundant employees after closing several satellite casinos. According to the latest financial report, the cost of these redundant human resources is still high. However, the expansion of Hotel Lisboa Macau is expected to help improve the employee structure.
According to data, SJM Holdings still has more than 2000 surplus employees.In the second quarter of 2022, the company paid more than $1600 million in wages to these redundant employees.
Due to the excess number of employees in SJM, its operating cost level is higher than the industry average.According to analysts' predictions, it will take a long time for SJM's employee structure to reach an optimized level.
SJM will attract more staff through plans to increase the number of rooms at its Grand Lisboa hotel.It is predicted that the hotel's occupancy rate will reach approximately 2024% by the end of 90.
By then, Lisboa's market share will increase, currently accounting for about 2%, and it is predicted that it may reach 3-3.5% in the future, and may even reach 6% in the long term.
According to industry experts, the growth of the Lisboa Hotel is expected to help SJM optimize its staff structure, reduce operating costs, and thereby improve overall operating efficiency.This improvement will have a positive impact on SJM's profitability.
