It maintained the largest market share
SJM profits top us$ 644.1 million
(Macau).- Macau’s largest gaming operator SJM recorded profits of us$ 695 million last year on the back of record revenues. The company’s profits were up more than 49 % on the previous year following a 32 % increase in revenues.
2012-03-09
Reading time 26 seg
(Macau).- Macau’s largest gaming operator SJM recorded profits of us$ 695 million last year on the back of record revenues. The company’s profits were up more than 49 % on the previous year following a 32 % increase in revenues.
Group EBITDA, meanwhile, grew 42.5 per cent in 2011 to us$ 888.9 million.
"We are very pleased that SJM's net profit and adjusted EBITDA rose to record levels in 2011,” said Ambrose So, SJM’s CEO.
Last year, the Chinese enclave’s casinos generated gross revenue of us$ 23.5 billion, a 42 per cent increase on the figure recorded in 2010. SJM maintained the largest market share with 29 per cent.
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