SJM Holdings has announced that its subsidiary, SJM Resorts, has agreed to purchase a portion of Hotel Lisboa from Sociedade de Turismo e Diversões de Macau (STDM), the company’s controlling shareholder, for HK$529m.
The acquisition covers 7,504 square metres of property to be integrated into Casino Lisboa. The space will accommodate former gaming areas and new facilities, with operations supported by the reallocation of tables and slot machines from satellite casinos expected to close by year-end.
Located adjacent to and interconnected with Grand Lisboa, the expanded Casino Lisboa will further consolidate the Lisboa brand into the largest integrated resort on the Macau Peninsula. SJM said the move will enhance its scale, strengthen competitiveness, and align with its strategy to leverage its heritage brand, improve synergies, and capture growth in Macau’s gaming market.
The acquisition announcement came on the same day that SJM Resorts reported net gaming revenue of HK$13,628m for the first half of 2025, up from HK$12,897m a year earlier. The group’s adjusted EBITDA was HK$1,646m, down from HK$1,734m in the first half of 2024. Loss attributable to shareholders widened to HK$182m, compared with HK$162m a year earlier.
SJM recorded a 12.9 per cent share of Macau’s gross gaming revenue, including 16.1 per cent of the mass-market table segment and 3.7 per cent of the VIP segment. At its properties, results were mixed. Grand Lisboa Palace Resort generated total revenue of HK$3,626m, with gaming revenue of HK$2,936m and non-gaming revenue of HK$690m, compared with HK$2,325m and HK$631m respectively in 2024. Adjusted property EBITDA fell to HK$82m, from HK$192m a year earlier.
Grand Lisboa posted revenue of HK$3,760m, including HK$3,582m in gaming and HK$178m in non-gaming revenue. In 2024, the property reported HK$3,660m in gaming and HK$140m in non-gaming revenue. Adjusted property EBITDA declined to HK$863m, from HK$1,010m in the prior year.
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SJM Holdings has announced that its subsidiary, SJM Resorts, has agreed to purchase a portion of Hotel Lisboa from Sociedade de Turismo e Diversões de Macau (STDM), the company’s controlling shareholder, for HK$529m. The acquisition covers 7,504 square metres of property to be integrated into Casino Lisboa. The space will accommodate former gaming areas and…
The post SJM to expand Grand Lisboa despite widening losses appeared first on G3 Newswire.