SJM Holdings has posted a steep drop in third-quarter 2025 profit, underscoring the continuing challenges facing Macau’s oldest gaming operator. Net profit fell 91 percent year-on-year to just HK$9 million (US$1.2 million), while group gross gaming revenue slipped 4.7 percent to HK$7.14 billion (US$919 million). Adjusted EBITDA also declined 15 percent from a year ago, though sequentially improved by 28 percent to HK$881 million, suggesting a modest rebound in non-gaming operations.
Far East Consortium International Limited (FEC) has entered into a non-binding term sheet with a wholly-owned subsidiary of AMTD Group for the possible sale of certain interests in The Ritz-Carlton, Perth, Australia. According to the term sheet, an initial deposit of AUD 20 million (approx. HKD 101.2 million) is to be paid within five business days, subject to refund under specific conditions.
The Japanese government plans to raise visa issuance fees starting in fiscal year 2026, marking the first fee hike of this kind in nearly five decades. The move will take effect from April 2026 and will include increases not only for short-term tourist visas but also for changes and updates to residence status. Currently, single-entry tourist visas cost ¥3,000 and multiple-entry visas cost ¥6,000, which are comparatively low among major developed countries.
The event is slated to take place from 13 to 16 November 2025, and according to the Macao Government Tourism Office (MGTO) Director Maria Helena de Senna Fernandes, the four-day event is expected to draw approximately 500,000 visitors to the city. This large influx of visitors is seen as a boost not only for tourism in Macau but also for the surrounding region, including spill-over into the broader Greater Bay Area.
A city near Macau in mainland China has rolled out a large‐scale consumer subsidy scheme aimed at boosting domestic consumption and stimulating its local economy. The initiative seeks to encourage household spending across multiple categories by providing vouchers, discounts, and other incentives to shoppers. By targeting areas such as retail, dining and entertainment, the scheme hopes to lever additional private demand in a period of weak growth.
Author: Janice Chew • Wednesday, 12/11/2025
