Story
SJM Holdings Shares Hit 18-Year Low Amid Macau Gaming Revenue Slump
Summary
Shares of casino operator SJM Holdings plunged to their lowest point since 2008 after Macau reported its fourth consecutive month of declining gambling revenue, triggering a broader sell-off in the sector.
Shares of SJM Holdings (HK:0880) plummeted to their lowest level in nearly 18 years on Friday, following the release of weak September gambling revenue data from Macau. The stock's decline led a broader downturn among the city's casino operators, signaling growing investor concern over the region's gaming sector.
Sector-Wide Sell-Off
SJM Holdings' stock closed down 6.1% at HK$1.30, a level not seen since December 2008, according to Investing.com. The move represented the company's largest single-day percentage drop since November 13, 2025.
The negative sentiment was not isolated to SJM. Other major Macau concessionaires also saw their shares fall sharply. Declines among peers included:
- Wynn Macau (HK:1128)
- Sands China (HK:1928)
- MGM China (HK:2282)
- Melco International (HK:0200)
- Galaxy Entertainment (HK:0027)
AdThese operators experienced losses ranging from 2.6% to 4.6%, underscoring the sector-wide impact of the latest revenue figures.
Weak Revenue Data
The sell-off was triggered by data showing Macau's gross gaming revenue (GGR) fell for the fourth straight month. Revenue in September decreased 1.2% year-over-year to 18.063 billion patacas (approximately $2.24 billion).
This figure marks the lowest monthly revenue total for the gaming hub since September 2024. The consistent decline in GGR highlights a persistent softness in demand, weighing heavily on the outlook for casino profitability and investor confidence.
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