SJM's Shares Fall After Third-Quarter Net Profit Tumbles

Dow Jones

11/13

By Amanda Lee

Shares of Macau-based casino operator SJM Holdings fell after its third-quarter net profit plunged, weighed by the closure of its satellite casino operations.

SJM's shares dropped as much as 10% to 2.67 Hong Kong dollars, equivalent to US$0.34, and is on track for the biggest one-day percentage loss since August. Shares were last 9.4% lower.

The company's net profit for the quarter that ended September, tumbled to HK$9 million, down 91% compared with the same period a year ago.

Revenue fell 6.2% on year to HK$7.03 billion, while its gross gaming revenue declined 4.7% to HK$7.14 billion.

"We encountered significant headwinds in the third quarter, driven by the phased cessation of satellite casino operations and intensifying market competition," said chairman and executive director Daisy Ho. Satellite casinos are gaming operations situated in third-party-owned properties.

The company has been closing its satellite operations recently. These included Casino Grandview in July as well as Casino Legend Palace and Casino Emperor Palace in the current quarter.

SJM's market share fell to 11.8% in the third quarter, from 13.9% during the same period a year ago. The decrease was due to the decline in market share of satellite casinos, which dropped from 5.1% to 3.9%, the company said.

The market share loss likely continued in October, as Galaxy Macau and Sands China hosted several star-studded events at their respective arenas and gained market share at its expense, Citi Research analysts said in a note.

Write to Amanda Lee at amanda.lee@wsj.com

(END) Dow Jones Newswires

November 12, 2025 22:06 ET (03:06 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Shares were last 9.4% lower. \n</p>\n<p>\n  The company's net profit for the quarter that ended September, tumbled to HK$9 million, down 91% compared with the same period a year ago. \n</p>\n<p>\n  Revenue fell 6.2% on year to HK$7.03 billion, while its gross gaming revenue declined 4.7% to HK$7.14 billion. \n</p>\n<p>\n  \"We encountered significant headwinds in the third quarter, driven by the phased cessation of satellite casino operations and intensifying market competition,\" said chairman and executive director Daisy Ho. Satellite casinos are gaming operations situated in third-party-owned properties. \n</p>\n<p>\n  The company has been closing its satellite operations recently. These included Casino Grandview in July as well as Casino Legend Palace and Casino Emperor Palace in the current quarter. \n</p>\n<p>\n  SJM's market share fell to 11.8% in the third quarter, from 13.9% during the same period a year ago. The decrease was due to the decline in market share of satellite casinos, which dropped from 5.1% to 3.9%, the company said. \n</p>\n<p>\n  The market share loss likely continued in October, as Galaxy Macau and <a href=\"https://laohu8.com/S/SCHYF\">Sands China</a> hosted several star-studded events at their respective arenas and gained market share at its expense, Citi Research analysts said in a note. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Amanda Lee at amanda.lee@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 12, 2025 22:06 ET (03:06 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SJM's Shares Fall After Third-Quarter Net Profit Tumbles</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSJM's Shares Fall After Third-Quarter Net Profit Tumbles\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2025-11-13 11:06</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Amanda Lee \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Shares of Macau-based casino operator SJM Holdings fell after its third-quarter net profit plunged, weighed by the closure of its satellite casino operations. \n</p>\n<p>\n  SJM's shares dropped as much as 10% to 2.67 Hong Kong dollars, equivalent to US$0.34, and is on track for the biggest one-day percentage loss since August. Shares were last 9.4% lower. \n</p>\n<p>\n  The company's net profit for the quarter that ended September, tumbled to HK$9 million, down 91% compared with the same period a year ago. \n</p>\n<p>\n  Revenue fell 6.2% on year to HK$7.03 billion, while its gross gaming revenue declined 4.7% to HK$7.14 billion. \n</p>\n<p>\n  \"We encountered significant headwinds in the third quarter, driven by the phased cessation of satellite casino operations and intensifying market competition,\" said chairman and executive director Daisy Ho. Satellite casinos are gaming operations situated in third-party-owned properties. \n</p>\n<p>\n  The company has been closing its satellite operations recently. These included Casino Grandview in July as well as Casino Legend Palace and Casino Emperor Palace in the current quarter. \n</p>\n<p>\n  SJM's market share fell to 11.8% in the third quarter, from 13.9% during the same period a year ago. The decrease was due to the decline in market share of satellite casinos, which dropped from 5.1% to 3.9%, the company said. \n</p>\n<p>\n  The market share loss likely continued in October, as Galaxy Macau and <a href=\"https://laohu8.com/S/SCHYF\">Sands China</a> hosted several star-studded events at their respective arenas and gained market share at its expense, Citi Research analysts said in a note. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Amanda Lee at amanda.lee@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 12, 2025 22:06 ET (03:06 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票月供概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2583536743","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2583536743","pubTimestamp":1763003160,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Macau-based casino operator SJM Holdings fell after its third-quarter net profit plunged, weighed by the closure of its satellite casino operations.SJM's shares dropped as much as 10% to 2.67 Hong Kong dollars, equivalent to US$0.34, and is on track for the biggest one-day percentage loss since August. Shares were last 9.4% lower.The company's net profit for the quarter that ended September, tumbled to HK$9 million, down 91% compared with the same period a year ago.\"We encountered significant headwinds in the third quarter, driven by the phased cessation of satellite casino operations and intensifying market competition,\" said chairman and executive director Daisy Ho. Satellite casinos are gaming operations situated in third-party-owned properties.The company has been closing its satellite operations recently. These included Casino Grandview in July as well as Casino Legend Palace and Casino Emperor Palace in the current quarter.SJM's market share fell to 11.8% in the third q","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","BK4212":"包装食品与肉类","00880":"澳博控股","BK1589":"北水核心资产","BK1172":"赌场与赌博","BK4588":"碎股","SJM":"斯马克"},"translate_title":"澳博第三季度净利润暴跌后股价下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00880":0.9,"SJM":1.5},"content_text":"By Amanda Lee \n\n\n \n\n\n  Shares of Macau-based casino operator SJM Holdings fell after its third-quarter net profit plunged, weighed by the closure of its satellite casino operations. \n\n\n  SJM's shares dropped as much as 10% to 2.67 Hong Kong dollars, equivalent to US$0.34, and is on track for the biggest one-day percentage loss since August. Shares were last 9.4% lower. \n\n\n  The company's net profit for the quarter that ended September, tumbled to HK$9 million, down 91% compared with the same period a year ago. \n\n\n  Revenue fell 6.2% on year to HK$7.03 billion, while its gross gaming revenue declined 4.7% to HK$7.14 billion. \n\n\n  \"We encountered significant headwinds in the third quarter, driven by the phased cessation of satellite casino operations and intensifying market competition,\" said chairman and executive director Daisy Ho. Satellite casinos are gaming operations situated in third-party-owned properties. \n\n\n  The company has been closing its satellite operations recently. These included Casino Grandview in July as well as Casino Legend Palace and Casino Emperor Palace in the current quarter. \n\n\n  SJM's market share fell to 11.8% in the third quarter, from 13.9% during the same period a year ago. The decrease was due to the decline in market share of satellite casinos, which dropped from 5.1% to 3.9%, the company said. \n\n\n  The market share loss likely continued in October, as Galaxy Macau and Sands China hosted several star-studded events at their respective arenas and gained market share at its expense, Citi Research analysts said in a note. \n\n\n \n\n\n  Write to Amanda Lee at amanda.lee@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 12, 2025 22:06 ET (03:06 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}