SJM
dez25 SJ SJM to experience further market share erosion as satellite closures bite: Analysts Macau casino operator SJM Holdings is likely to face continued pressure on market share and earnings into 2026, with analysts warning that satellite casino closures, rising competition and structural weaknesses at its core properties will limit growth prospects. “We expect SJM’s market share to fall further toward 10 percent in 2026, given dilution from satellite closures ”, said Samuel Hui, director of APAC corporate ratings at Fitch Ratings, in comments provided to Asia Gaming Brief. Hui said the operator’s recovery will hinge on execution rather than expansion as Macau’s gaming market matures. Growth at Grand Lisboa Palace (GLP), SJM’s flagship Cotai resort, is already losing momentum, Hui said, amid intensifying competition from larger integrated resorts. “GLP’s isolated location and limited facilities with mass appeal weaken its competitiveness against other in...