SJM Holdings Ltd

00880: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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SJM Earnings: Closure of Satellite Casinos Hurts Results and Market Share

Jennifer Song

Nov 14, 2025

SJM's third-quarter results were affected by the phased closure of satellite casinos. Gross gaming revenue fell 2% quarter on quarter, while adjusted EBITDA grew 28%, driven by better cost control and a higher win rate versus the prior quarter.

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SJM Holdings Ltd

SJM Earnings: Closure of Satellite Casinos Hurts Results and Market Share

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