Macau gaming company SJM Holdings disclosed in its first half 2022 financial report that both the company's revenue and profits have achieved significant growth, and EBITDA has successfully turned from loss to profit. This shows that demand in Macau's gaming market is gradually recovering.
According to data, SJM Holdings’ gaming revenue in the first half of the year increased by 125% year-on-year to US$11.7 billion, while non-gaming revenue also doubled year-on-year.Adjusted EBITDA was profitable, reaching $590 million, compared with a loss of more than $1.5 million in the same period last year.
Both the Grand Lisboa casino and its self-operated casinos have experienced significant growth in revenue and profits.In July, the newly added Grand Lisboa Hotel became profitable.Losses at closed satellite sites remained stable.
Macau gaming company SJM Holdings accounted for 11.8% of Macau's total gaming revenue in the first half of the year, with mass gaming revenue accounting for 14.9% of total revenue and VIP gaming revenue accounting for 3.5% of total revenue.
The industry believes that SJM Holdings’ data shows that the Macau gaming market is gradually returning to growth.As Macau continues to relax restrictions, the performance of various gaming companies will continue to improve.The future of Macau’s gaming industry is very bright.
