This article only represents the author's own views.
Macao’s gambling industry has regained its luster, but one casino operator is shining less brightly than the rest.SJM Holdings Ltd. (0880.HK), a veteran of the Macao casino scene, is in the throes of a sweeping restructuring that has wiped the sheen off its earnings results.
In October, Macao’s overall gaming revenue surged nearly 16% from the same month a year earlier to a post-pandemic record of 24.09 billion patacas ($3.01 billion). Robust tourist flows, high hotel occupancy and bustling casino floors were all signs that the gambling capital had roared back to life.
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