SJM Holdings, a flagship owner, operator and developer of casinos and IRs in Macau, revealed gross gaming income (GGR) of HK$5.66 billion, approximately US$722 million, for the three months to June 30th, 2023, which grew by 241% year-over-year and was 35% larger compared to the March quarter.
Gaming income still hasn’t reached pre-COVID levels:
While GGR results are great, overall gaming income still hasn’t reached pre-COVID levels, as it is only at 56%. A big reason for that is the “collapse of the junket industry.” As for group-wide VIP GGR, it was only 15% of the second quarter of 2019 levels at HK$512 million, which is roughly US$65 mill…