Macau casino operator SJM Holdings saw profit fall nearly 13% in 2014 as mass market gains failed to offset serious VIP gaming declines.
SJM, Macau’s largest casino operator, reported full-year gaming revenue down 8.8% to HKD 79.3b (US $10.2b). SJM’s annual earnings fell 10.5% to HKD 7.76b while profit slipped 12.7% to HKD 6.73b. SJM blamed the declines on Macau’s ongoing struggles, and while the company says it has no idea how long …read more
Source:: SJM Holdings 2014 profit falls 13% as mass market gains fail to offset VIP decline
SJM Holdings 2014 profit falls 13% as mass market gains fail to offset VIP decline
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