Macau's SJM Holdings' profits plummeted by 91% in the third quarter of 2025, with the closure of satellite casinos being the main reason.

Amax Holdings recently announced its financial results for the third quarter of 2025, with profits plummeting by 91% year-over-year, from HK$101 million in the same period last year to HK$9 million. This decline was mainly due to the successive closures of satellite casinos and intensified competiti

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Macau's Gambling Industry Major Reshuffle: Satellite Casinos Exit, Who Can Secure Their Place at the Table?

In Macau, the world-renowned gambling capital, a profound transformation is quietly unfolding. The once glorious satellite casinos are exiting the stage, and Macau's gambling landscape is facing a significant turning point. Who can still remain in this competitive gambling arena? This is not only th

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From Prosperity to Decline: The 90% Plunge in Macau Casino Stocks Is Just a Snapshot of the Industry, What is the Path Forward for Offline Casinos?

SJM Holdings is the oldest casino company in Macau.Its status in the Macau gambling industry is akin to that of SBM's Monte Carlo Casino in Monaco, dominating the regional market; their performance essentially represents the rise and fall of the local gambling industry.Since its stock price peaked i

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