Tag: SJM
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CBRE: SJM cuts staff by 10% as satellite casino closures tighten margins
SJM Holdings has cut its workforce by 10% over seven months and is pursuing further cost reductions as the closure of its satellite casinos continues to ... -
Culture-sports synergy drives Dragon Boat Festival
The 2026 SJM Macao International Dragon Boat Races, held on June 13, 14, and scheduled for June 19 at the Nam Van Lake Nautical Centre, are ... -
SJM posts Q1 loss in self-op shift
SJM Holdings Ltd. posted a first-quarter loss for 2026 as the company fully shifted away from satellite operations, according to results released last week. The operator ... -
CBRE: Marketing overhaul could boost SJM outlook
SJM Holdings Ltd’s “new marketing team” and property investments could deliver upside to 2026 performance expectations, even as the casino operator lags behind Macau’s broader gaming ... -
CBRE: Marketing overhaul could boost SJM outlook
SJM Holdings Ltd’s “new marketing team” and property investments could deliver upside to 2026 performance expectations, even as the casino operator lags behind Macau’s broader gaming ... -
Melco and SJM to update workers’ wages from Apr. 1
Melco Resorts & Entertainment and SJM Resorts, S.A. have, as expected, followed the previous announcements from other gaming concessionaires and announced salary increases for their employees, ... -
Fitch forecasts SJM retaining 50% of closed casino market share despite debt woes
SJM Holdings Ltd. is expected to hold onto at least half the market share from its shuttered satellite casinos through resource shifts and marketing gains in ... -
Fitch assigns BB- rating to SJM Holdings’ proposed notes
Fitch Ratings has assigned a ‘BB-’ rating to SJM Holdings Limited’s (SJMH) proposed senior unsecured notes, with a Negative Outlook. The notes, to be issued by ... -
SJM to directly operate Casino L’Arc Macau
SJM Resorts, S.A. has secured Macao SAR Government approval to directly manage Casino L’Arc Macau starting at 2 a.m. on Tuesday, Dec. 30. The move coincides ... -
Casino Landmark to close at year-end
Macau’s last remaining satellite casino, Casino Landmark, will cease operations at 11:59 p.m. on December 30, SJM Resorts S.A. announced yesterday. This closure concludes the three-year ... -
Kam Pek Paradise Casino to close, 584 jobs affected
Kam Pek Paradise, a satellite casino of SJM Resorts, will close on December 1. According to the Gaming Inspection and Coordination Bureau (DICJ), the closure will ... -
SJM’s holds ‘Tennis Clinic’ to promote National Championships
The 2025 CTA Tour SJM Professional Finals (Macau) and the National Tennis Championships will take place from December 1 to 7 at the Macau Tennis Academy. ... -
SJM to drop plans to acquire Ponte 16 casino
SJM Holdings announced yesterday that it will not proceed with the acquisition of the satellite casino Ponte 16, located in the Inner Harbour. In a statement, ... -
SJM Q3 revenue declines as satellite casino closures continue
SJM Holdings Limited reported a decline in total revenue for the third quarter (Q3), as the phased cessation of satellite casino operations and intensifying market competition ... -
DSAL launches three job matching sessions offering over 100 positions
The Labour Affairs Bureau (DSAL), in collaboration with the Federation of Macau Workers’ Associations (FAOM), will organize three sector-specific job matching sessions in early November, offering ... -
Fitch downgrades SJM Holdings outlook citing slow recovery at GLP
Fitch Ratings has downgraded its outlook on SJM Holdings’ long-term foreign-currency Issuer Default Rating (IDR) from Stable to Negative last week, citing a slowdown in earnings ... -
“SJM Richie Jen Music Show”: A Journey Back to the Sounds of Youth
In an initiative of SJM Resorts, S.A. (SJM), the “SJM Richie Jen Music Show” was held at the Grand Lisboa Palace Resort Macau in front of ... -
Lawmakers call for action over Grandview Casino closure
The closure of the Grandview casino has prompted commentary among lawmakers regarding the future of local gaming workers and the broader stability of the gaming industry. ... -
SJM buys Hengqin office for RMB724 million, eyes hotel conversion
SJM Holdings Limited announced yesterday its plan to acquire a 12-story office building in the Hengqin area from Shun Tak Property Development Company Limited for over ... -
SJM restaurants earn three regional awards at Global Wine List competition
Two restaurants at Grand Lisboa Palace Resort Macau have received regional recognition in the 2025 World’s Best Wine Lists by The World of Fine Wine. Palace ... -
‘Picasso: Beauty and Drama’ exhibition opens at Grand Lisboa Palace
The world premiere of “Picasso: Beauty and Drama,” presented by SJM Resorts, S.A. (SJM), has officially opened at Grand Lisboa Palace Resort Macau, as part of ... -
Mesa celebrates ‘Month of Portugal’ with exclusive menu
In celebration of the “June – Month of Portugal in Macau,” SJM Resorts’ Mesa by José Avillez at Grand Lisboa Palace is joining the Portuguese Cuisine ... -
SJM Resorts COO Ben Toh due to retire
SJM Resorts’ Chief Operating Officer, Ben Toh, is set to retire next week after a five-year tenure with the company. The announcement, shared internally with staff ... -
Grand Lisboa Palace Art Gallery debuts ‘The Lisboa’
SJM’s Grand Lisboa Palace Art Gallery officially opened its doors yesterday, launching the permanent exhibition “The Lisboa, Stories of Macau.” Officiated by dignitaries including Chinese People’s ... -
SJM Holdings Returns to Profit in Q1
SJM Holdings Limited posted a profit of HKD31 million in the first quarter of 2025, marking a sharp rebound from a loss of HKD74 million in ... -
SJM launches Easter events with dining, spa offers, family activities
SJM Resorts has launched its Easter campaign, offering a series of themed dining, shopping, and family events. Dining promotions are available at multiple venues, including The ... -
Gaming Potential satellite casino closures could boost business at Grand Lisboa Palace
The possible closure of the city’s satellite casinos under SJM Holdings’ concession could provide a boost to the company’s flagship resort in Cotai, the Grand Lisboa ... -
SJM returns to profitability in 2024
Gaming operator SJM Holdings Limited has reported a return to profitability in 2024, marking a turnaround from previous pandemic-related losses. The company’s audited financial results show ... -
SJM introduces new mixed category to enrich dragon boat races
The 2025 SJM Macao International Dragon Boat Races, which will take place on May 24, May 25, and May 31 at the Nam Van Lake Nautical ... -
Another three gaming ops announce salary increments
MGM, Melco, and SJM joined the previous announcements of Sands and Galaxy announcing their salary increments for their workers. As expected, the three local gaming operators ... -
Ring in the Year of the Golden Snake with SJM’s ‘Snoopy Winter Holidays’
The Year of the Golden Snake is fast approaching, and SJM Resorts (SJM) is bringing festive charm to its hotels and resorts. From now until Feb. ... -
SJM Holdings to develop budget hotel in Hengqin
SJM Holdings Limited has recently announced plans to expand its footprint into the budget accommodation sector with the acquisition of nine floors of office space in ... -
SJM Resorts engages community with ‘racing Legacy’ activities
SJM Resorts brought the thrill of racing to the local community with a series of events under the theme “A Racing Legacy.” Last week, SJM collaborated ... -
SJM receives 13 accolades at China’s Wine List of the Year Awards
SJM Resorts celebrated its achievements at China’s Wine List of the Year Awards 2024, which was held during the “SJM Asia Top Sommelier Summit 2024”. The ... -
SJM Business Travel Summit in Korea
SJM partnered with Trip.Biz, a business travel management brand under the Trip.com group, to participate in their business travel summit in Seoul to gain deeper insights ...
