Macau Gaming Revenue Rises 7% in May, Still up at a Double-digit Pace for 2026

Seeking AlphaJun 1 18:53

Ho Chiu-fung: SJM Holdings (00880.HK) has seen an upward trend in its market share compared to the first quarter.

Angela Ho Chao-feng, Chairperson of Sociedade de Jogos de Macau (SJM Holdings, 00880.HK) and Executive Director of SJM Resorts, S.A., noted that five months have passed since the complete closure of satellite casinos. Although no new restaurants or hotels have been launched yet, the company’s market share has shown a gradual upward trend compared to the first quarter. She believes the current phase is merely an adjustment period and expressed confidence in further market share gains, citing SJM’s continued strength on the Macau Peninsula. In the absence of any contribution from satellite casinos, the group’s market share for the first quarter declined to 9.6% from 13.5% a year earlier. Ms. Ho added that, in response to market conditions and customer demands, the original葡京 Hotel (Hotel Lisboa) will undergo a comprehensive renovation. Following the completion of the project, the number of hotel rooms will be fewer than before.

AASTOCKSMay 27 17:02

Brokerage Ratings | JPMorgan: Still forecasts Macau's gaming revenue in May to rise 2%–4% year-over-year; maintains a "neutral/selective" view on the sector

Gelonghui, May 27 | JPMorgan stated in a research report that, according to industry surveys, Macau’s gaming revenue for the first 25 days of May reached MOP 17.9 billion, equivalent to an average daily gaming revenue of MOP 716 million. Last week’s average daily gaming revenue declined by approximately 5% week-over-week to MOP 656 million, in line with expectations. The bank continues to forecast year-over-year growth in May gaming revenue of 2% to 4%, followed by a stabilization in growth for June and July. However, despite better-than-expected first-quarter earnings from Macau gaming stocks, the sector has still experienced a pullback. The bank believes that the current entry point for Macau gaming stocks is very attractive, but the sector has not yet reached its bottom, as the market is already pricing in anticipated gaming revenue trends for the coming months.

Gelonghui FinanceMay 27 11:18 · Ratings

UBS Sticks to Their Sell Rating for SJM Holdings (SJMHF)

TipRanksMay 9 08:41 · Ratings

Morgan Stanley Sticks to Its Sell Rating for SJM Holdings (SJMHF)

TipRanksMay 9 08:41 · Ratings

SJM Holdings Ltd. 1Q Total Net Rev HK$5.90B Vs. HK$7.48B >0880.HK

Dow JonesMay 7 16:42