MACAU BUSINESS


ahead of third-placed Melco. The operator, led by Francis Lui, recorded a 16 per cent year-on-year EBITDA increase and improved its fourth-quarter 2024 performance by 2 per


cent, reaching 83 per cent of comparable 2019 levels.


SJM Resorts recorded a near 10 per cent year-on-year GGR increase, gaining market


share and solidifying its fifth position in the GGR ranking. However, it remained sixth in terms of Adjusted EBITDA, despite a 10.9 per cent year-on-year improvement.


JUNE 2025 35


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