SJM Holdings Beats Out Macau Rivals In Brutal Second Quarter

  • Company GGR falls 90.5 percent but mass metrics are resisting collapse
  • Satellite casinos are also defying the worst of Macau's coronavirus downturn

Coronavirus disruption savaged Macau casino operator SJM Holdings with a HK$1bn ($129m) net loss in the second quarter, but the firm's mass-focused casinos still out-performed rivals and gained share.

SJM gross gaming revenue (GGR) fell 90.5 percent year-on-year to HK$951m in the second quarter, according to data derived from half-year results filed with the Hong Kong Stock Exchange on Tuesday.

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