he former Portuguese colony of Macau is the only place in China where casino gambling is legal. A drop in spending from VIP high rollers has put rising pressure on SJM and its competitors, who are already seeing a sharp slowdown in growth in the world's casino capital.
SJM said on Thursday net profit in the third quarter was us$ 219 million compared with us$ 150.9 million a year earlier. EBITDA was us$ 245.1 million in the same period, in line with a forecast of us$ 245.1 million by five analysts polled by Reuters.
