Financial News
Written by: Zhang Weilun
2019-11-20 21:23
Last updated: 2019-11-20 21:23Su Bohui, vice chairman, executive director and chief executive officer of SJM Holdings (0880), said during a visit to the Macau media that the development of the situation in Hong Kong affected visitors to Hong Kong and passengers travelling to Hong Kong via Hong Kong changed their itinerary. The number of passengers travelling by waterway to Macau was greatly reduced. 30%.
He pointed out that until October this year, the overall gaming revenues performed well. It is expected that the annual gambling revenue will reach 300 billion patacas, which is flat throughout the year. If the gambling revenue in November can reach the same level every year, it is quite happy.
He also pointed out that the midfield business was not affected, but the VIP room fell a lot, and it is expected that the VIP room revenue will fall for a while. If the proportion of the mass market business is improved and has better performance, it is believed to have a positive impact on the profitability of gaming companies.
He Chaofeng expects the Macau gambling to resume the Lok Wubo Road project in November next year.
SJM's adjusted EBITDA increased by 3.4% in the third quarter, VIP room closed down 42.6%
Daxing's November Macau gambling forecast is expected to fall by up to 13% year-on-year.
Macau's gambling revenue fell 3.2% year-on-year in October
Macau gambling receipts
