Expanding First-Half Loss for SJM despite a Near 12% Boost in Gaming Revenue to $1.90 Billion, According to Reports

In the vibrant city of Macau, two major players in the gaming and hospitality industry, GLP and SJM Holdings, have reported their financial results for the first half of 2025.

GLP, the Grand Lisboa Palace, a property developed and managed by the Sociedade de Jogos de Macau (SJM), a company founded and chaired by the legendary Stanley Ho, experienced a significant growth in its revenue streams. The non-gaming sector saw a 9.4% increase, bringing in HK$690 million (US$88.5 million). In the gaming sector, the growth was even more pronounced, with a 26.3% year-on-year increase, amounting to HK$2.94 billion (US$377 million). As a result, GLP recorded a total revenue of HK$3.63 billion (US$466 million) for the first half of 2025.

Meanwhile, SJM Holdings, the operator of several casinos in Macau, reported a mixed bag of results. While the company experienced an 11.8% increase in non-gaming revenue, reaching HK$1.01 billion (US$130 million), its gaming revenue also saw a significant boost, up by 7.5%, amounting to HK$14.8 billion (US$1.90 billion). However, despite these revenue increases, SJM Holdings reported a widened loss of HK$182 million (US$23.4 million) for the first half of 2025, up from HK$162 million (US$20.8 million) a year earlier.

The growth in revenue for both GLP and SJM Holdings contributed to an increase in Macau's overall gaming revenue market share. SJM Holdings saw its market share climb from 12.5% to 12.9%, while GLP's contribution helped the company's own market share to reach 2.5%.

These financial results highlight the resilience and growth potential of Macau's gaming and hospitality industry, even in the face of global economic challenges. As we move forward, it will be interesting to see how these companies continue to navigate the ever-changing landscape of the industry.

Expanding First-Half Loss for SJM despite a Near 12% Boost in Gaming Revenue to $1.90 Billion, According to Reports