SJM posts HKD429M loss in 2025 as satellite casino closures weigh on revenue
SJM Holdings reported a HKD429 million loss in 2025 due to satellite casino closures and a competitive market.Summary
SJM Holdings Limited experienced a significant financial shift in 2025, reporting a net loss of HKD429 million compared to a HKD3 million profit the previous year. This downturn is largely attributed to the phased closure of its satellite casinos, a strategic move intended to position the company for future growth. Despite the loss, SJM’s self-promoted portfolio demonstrated resilience, with gross gaming revenue increasing by 4.6% year-on-year. However, overall gross gaming revenue fell by 0.7% to HKD28.6 billion, and net gaming revenue decreased by 2.4% to HKD26.2 billion. Non-gaming segments showed positive growth, increasing by 2.3%. SJM’s chairman, Daisy Ho, emphasized the company’s strategic realignment and anticipates a pivotal 2026 with portfolio upgrades and disciplined execution.
(Source：Macau Daily Times)