Macau<\/a> extended casino licenses for SJM Holdings until 2022. All six gaming concession licenses in Macau will expire in the summer of 2022.<\/p>\nOnce the Grand Lisboa Palace opens, SJM expects it will help the company improve its market share. Brokerage Sanford C. Bernstein Ltd. had noted in a May memo that \u201cover the past five years, SJM\u2019s market share has fallen from over 23 percent to a historic low of 14 percent.\u201d<\/p>\n
Mixed Results for SJM<\/h2>\n
In results announced on Tuesday, SJM Holdings reported mass market gross table gaming revenue for the company and its subsidiaries increased by 8 percent and VIP gross gaming revenue (GGR) decreased by 25.1 percent during the first half of 2019 compared with the year-earlier period. Also, slot machine gross revenue decreased by 1.2 percent compared with the year-earlier period.<\/p>\n","protected":false},"excerpt":{"rendered":"
SJM Holdings Ltd. has once again postponed the opening of the Grand Lisboa Palace — the company\u2019s first integrated resort on China\u2019s Cotai strip — to sometime in the second half of 2020. The venue was supposed to open by the end of this year. But construction is now expected to be completed in March […]<\/p>\n","protected":false},"author":44,"featured_media":110727,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33810,19],"tags":[],"acf":[],"yoast_head":"\n
Grand Lisboa Palace Cotai Faces New Delays as Construction Costs Rise<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n