SJM Financial Overview (US$m) 2023 H1


Total group net revenue 9,362 Net gaming revenue Adjusted EBITDA


8,695 461


2022 6,679


6,092 (3,095)


2021 10,076


9,608 (1,581)


2020 7,507


7,304 (2,089)


2019 33,875


33,159 4,213


2.7sq.km of land it already owns whilst Sands China has voiced an interest in projects and set up a back office on the island.


Meanwhile the six concessionaires have also announced a rejuvenation project each and earmarked six old run-down districts for their plans. Tis includes enhancing facilities and attractions and promoting community tourism.


Several other developments also point to an optimistic long-term growth plan for Macau.


Infrastructure continues such as the opening of the Hong Kong-Zhuhai Macau bridge – a 55km


line. Te extension of the LRT to Hengqin Island will consist of 2.2km of track over a viaduct, an underwater tunnel and with two stations starting at Lotus Bridge in Macau.


Meanwhile the ‘bullet train’ – the China High Speed Rail – which takes about an hour from Guangzhou to Zhuhai is also being expanded to include more routes to Zhuhai from key cities in mainland China.


Tis is seen as a gateway into Macau as from Zhuhai station the Gongbei Border crossing is a 10-minute walk enabling visitors to cross over into Macau through customs.


The six concessionaires have announced a rejuvenation project each and earmarked six run-down districts for their plans. This includes enhancing facilities and attractions and promoting community tourism. Several other developments also point to an optimistic long-term growth plan for Macau, including the opening of the Hong Kong-Zhuhai Macau bridge.


bridge-tunnel connecting the three regions and reducing travel time from Hong Kong to Macau from three hours to half an hour.


Macau Airport is also set to expand this year with a project due to begin in the second half of 2024. Te plan is to reclaim 129 hectares from the sea to increase the physical size which should be completed by 2029 enabling the airport to handle 13 million passengers per year which is three million more than its current capacity.


Te Macau Light Rapid Transit system (LRT) is also underway and is the first rapid transit system in the city being developed. It carries on average 9,000 passengers per day on the Taipa


THE CONCESSIONAIRES SJM RESORTS


SJM Resorts is owned by SJM Holdings Ltd and is the only casino gaming concessionaire with its roots in Macau.


Te company was set up in 2002 and began operations a year later with 11 casinos. Te company currently owns 13 casinos including its flagship, Grand Lisboa Palace Resort which opened in mid-2021. SJM operated 23 casinos in 2021 but closed down several of its satellite casinos in 2022.


Te Grand Lisboa Palace Resort is located near WIRE / PULSE / INSIGHT / REPORTS P59


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