Net gaming revenue for the three months to 30 September amounted to HK$879m (£87.9m/€97.4m/US$113.4m), a significant decrease from HK$8.24bn in the same period last year.
Gross gaming revenue was down 90.0% at HK$947m due to ongoing restrictions on entry from China’s mainland, Hong Kong, and other locations.
The decline in revenue can be attributed to the Chinese government only resuming visa issuance to Macau in late September, limited transport to the Special Administrative Region, and Covid-19 quarantine requirements.
VIP gross gaming revenue experienced the most significant decline, falling 93.1% to HK$200m, while mass market gross gaming revenue was 89.1% lower at HK$690m.
Slot machine gross gaming revenue also decreased by 80.8% year-on-year to HK$57m.
Gross gaming revenue from SJM’s flagship Casino Grand Lisboa property reached HK$176m, while the Casino Lisboa, Casino Oceanus at Jai Alai, Casino Eastern, and Casino Taipa self-promoted properties generated HK$187m.
Satellite casino gross gaming revenue amounted to HK$584m in the quarter.
In terms of adjusted earnings before interest, tax, depreciation, and amortization (EBITDA), SJM incurred a loss of HK£782m, indicating a decrease of 182.3% from a positive of HK$950m in the previous year.
The total loss for the operator in Q3 was HK$1.03bn, a decline of 239.7% from a HK$738m profit in the same period in 2019.
Looking at the year-to-date performance, net gaming revenue for the nine months through September was 79.4% lower at HK$5.11bn.
Gross gaming revenue was also down by 80.5% at HK$5.84bn.
VIP gross gaming revenue experienced a significant decline of 84.8% to HK$1.57bn, while mass market gross revenue fell 78.7% to HK$4.0bn.
Slot machine gross revenue decreased by 66.6% to HK$292m.
Adjusted EBITDA was down 158.3% to HK$1.77bn, and the total loss for the period amounted to HK$2.44bn, compared to a HK$2.42bn profit in the previous year.
