SJM’s 9 satellite casinos report 600 million patacas in winnings in March

The nine satellite casinos under SJM Holdings recorded more than 600 million patacas in winnings in March. The Landmark Casino once again came in top among the nine properties, with Casino Fortuna and Casino Kam Pek ranking second and third.

Since the reopening of Macau’s borders in January this year, the number of visitor arrivals to Macau has been on a rising trend. The month of March saw a daily visitor arrival of 63,000 on average, driving up the gaming revenues of local casinos.

The casino at Ponte 16, which is a subsidiary of SJM, also did well in the previous month, bringing in more than 100 million patacas in winnings.

Macau is expected to see more tourists coming over this weekend as the May Day holiday begins. Macau’s tourism chief, Ms Maria Helena de Senna Fernandes, told reporters earlier that the daily visitor arrival during the May Day holiday was forecast to hit 70,000 while the hotel occupancy rate was expected to reach 90%.

Industry insiders also pointed out that based on the indicators and trends, Macau’s gaming revenues are expected to reach 160 billion patacas this year; one upbeat estimate even puts the figure at 200 billion patacas.