 group’s Cotai resort, Grand Lisboa Palace, which opened on July 30, generated gross revenue of HKD271 million in the first quarter, compared to HKD370 million for the five months after it launched.
“Given our confidence… in the eventual recovery of Macau tourism and in SJM’s prospects for obtaining a new concession extending beyond 2022, we have continued to introduce additional elements in retailing and food and beverage at our new Grand Lisboa Palace, whilst focusing on cost controls and efficiency,” noted Mr So in his commentary on the first-quarter highlights.
Grand Lisboa Palace’s first-quarter casino gross gaming revenue (GGR) was HKD156 million, and non-gaming revenue amounted to HKD115 million. After adjusting for pre-opening expenses of HKD132 million, the resort’s adjusted property EBITDA was negative by HKD216 million.
The group’s main casino hotel on Macau peninsula, Grand Lisboa, had first-quarter gross revenue of HKD592 million, via HKD551 million in GGR and non-gaming revenue of HKD41 million, as compared with HKD585 million in GGR and non-gaming revenue of HKD36 million in the first quarter 2021.
Grand Lisboa’s adjusted property EBITDA was negative HKD128 million, as compared with negative HKD143 million in the first quarter last year.
The group had HKD1.75 billion in cash, bank balances, short-term bank deposits, and pledged bank deposits; and HKD22.81 billion of debt as at March 31.
During the first three months this year, SJM Holdings’ VIP GGR was HKD344 million, a decrease of 29.1 percent year-on-year.
Mass-market GGR was just under HKD2.06 billion, an increase of 0.3 percent year-on-year. Slot machine GGR was HKD139 million, an increase of 19.5 percent from the prior-year period.
On February 28, the group had extended until the same date in 2023, the maturity of its syndicated banking facilities, originally consisting of a HKD15-billion term loan and HKD10-billion in revolving credit, of which HKD13.3 billion was outstanding.
“The group expects to complete a refinancing of these facilities within the coming quarter,” the firm said in its Tuesday filing.
JP Morgan Securities (Asia Pacific) Ltd said in a recent note that pending such refinancing, the liquidity position of SJM Holdings was “somewhat worrying”, with currently about six months’ leeway: the shortest of any of Macau’s six operators.
SJM only about six months of liquidity...The ratings are done in a distributed fashion through parameters in the {{WikiProject United States}} project banner; this causes the articles to be placed into the appropriate sub-categories of Category:United States articles by quality and Category:United States articles by importance, which serve as the foundation for an automatically generated worklist.
The current status of Category:Unassessed United States articles = 14,325 articles unassessed. After they have been assessed by class, they are automatically removed from this category.
A-train (Denton County) renamed to A-train (Texas).
Amos-6 renamed to AMOS-6 (satellite).
Giovanni Aloi (art historian) renamed to Giovanni Aloi.
Grassroots-Legalize Cannabis Party renamed to Grassroots—Legalize Cannabis Party.
Israel Meyer Augustine renamed to Israel Meyer Augustine, Jr..
Draft:Jazzman's Blues renamed to A Jazzman's Blues.
List of notable United States Marines renamed to List of United States Marines.
Nebraska Legal Marijuana Now Party renamed to Nebraska Legal Marijuana NOW Party.
Superhero Kindergarten (TV series) renamed to Superhero Kindergarten.
The End Is the Beginning (Fear the Walking Dead) renamed to The End Is the Beginning.
Draft:The Valet (upcoming film) renamed to The Valet (upcoming film).
Draft:Untitled Gareth Edwards film renamed to Draft:True Love (upcoming film).
Untitled Katie Holmes film renamed to Untitled Katie Holmes film.
Category:1729 disestablishments in the Thirteen Colonies (talk) removed.
Edward M. Flynn (talk) removed.
Eliza Yang (talk) removed.
John B Judkins Company (talk) removed.
List of intellectual property legislation proposed in the United States Congress (talk) removed.
Providence Sound Session (talk) removed.
Texas E-Health Alliance (talk) removed.
Draft:Untitled Military Exorcism film (talk) removed.
Al-Huda Islamic Academy renamed to Charlotte Islamic Academy.
Draft:Alan Lambowitz renamed to Alan Lambowitz.
American Boogeywoman renamed to American Boogeywoman.
American German Language renamed to German language in the United States.
American Schools of Oriental Research renamed to American Society of Overseas Research.
American Section renamed to Lycée International de Saint-Germain-en-Laye.
Angela Lansbury on stage, radio and screen renamed to Angela Lansbury on screen and stage.
Arkansas Razorbacks football, 1950–59 renamed to Arkansas Razorbacks football, 1950–1959.
Arvada Downtown renamed to Olde Town Arvada.
Big Cypress Bayou (wetland) renamed to Big Cypress Bayou.
Candy Land (upcoming film) renamed to Candy Land (upcoming film).
Carbon Black (company) renamed to VMware Carbon Black.
Casper Events Center renamed to Ford Wyoming Center.
Corazon de Trinidad renamed to Corazon de Trinidad.
Cygnus CRS OA-4 renamed to Cygnus OA-4.
Dating in New York renamed to Dating and New York.
Draft:Day Shift (film) renamed to Day Shift (film).
Delaware football, 1889–99 renamed to Delaware football, 1889–1899.
Draft:Disenchanted (film) renamed to Disenchanted (film).
Earnest Brown renamed to Ernest Brown.
East Carolina Pirates football, 1932–39 renamed to East Carolina Pirates football, 1932–1939.
Easter Sunday (film) renamed to Easter Sunday (film).
Embassy of Bulgaria, Washington, D.C. renamed to Bulgaria–United States relations.
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Embassy of Eritrea in Washington, D.C. renamed to Embassy of Eritrea, Washington, D.C..
Embassy of the Czech Republic in Washington, D.C. renamed to Embassy of the Czech Republic, Washington, D.C..
Episcopal Diocese of Fort Worth (Episcopal Church) renamed to Episcopal Church in North Texas.
Ethnic minorities in the US armed forces during World War II renamed to Ethnic minorities in the U.S. armed forces during World War II.
Faye Harrison renamed to Faye V. Harrison.
Fort Morgan City Hall renamed to Fort Morgan City Hall.
Golden, Marshall County, West Virginia renamed to Golden, West Virginia.
Good Luck to You, Leo Grande renamed to Good Luck to You, Leo Grande.
Goodyear 400 renamed to Rebel 400.
Grammy Award renamed to Grammy Awards.
Hack of Jeff Bezos's phone renamed to Jeff Bezos phone hacking.
Holy trinity (cuisine) renamed to Holy trinity (cooking).
Draft:Ilolo Izu renamed to Ilolo Izu.
Joseph Scally renamed to Joe Scally.
Keith Taylor (American football) renamed to Keith Taylor.
Life After Life (TV series) renamed to Life After Life (TV series).
List of American saints and beatified people renamed to List of American Catholic saints and beatified people.
List of Arizona Congressional Districts by HDI renamed to List of Arizona's congressional districts by HDI.
List of Congressional opponents of the Iraq War renamed to List of congressional opponents of the Iraq War.
List of Olympic female gymnasts for the United States renamed to List of Olympic female artistic gymnasts for the United States.
List of United States Marine Corps individual equipment renamed to List of individual combat equipment used by the United States Marine Corps.
List of attorneys general of South Carolina renamed to Attorneys Generals of South Carolina.
List of people who have won Academy, Emmy, Grammy, and Tony Awards renamed to List of EGOT winners.
Louisiana Tech Bulldogs football, 1901–09 renamed to Louisiana Tech Bulldogs football, 1901–1909.
Mace (WWE) renamed to Mace (wrestler).
Mid Delta Regional Airport renamed to Greenville Mid-Delta Airport.
Minx (TV series) renamed to Minx (TV series).
Moon Knight (TV series) renamed to Moon Knight (TV series).
Mormon Corridor renamed to Mormon corridor.
Draft:Nobody 2 renamed to Draft:Untitled Nobody sequel/crossover.
Norfolk Southern Passenger Station renamed to Elizabeth City station.
Obi-Wan Kenobi (TV series) renamed to Obi-Wan Kenobi (