SJM Resorts has confirmed that it will increase salaries for its eligible team members starting 1 April 2026 as a reward for their contributions throughout 2025. According to an internal notice shared with staff, the salary adjustment applies to employees hired before 1 January 2026, with those earning a monthly base salary of MOP 16,000 (approximately US $2,000) or less receiving a MOP 500 (about US 62.50) raise. Employees earning above that threshold will receive a 2 % increase to their monthly pay.
Hann Casino Resort has formally appointed PhilWeb Corporation—a Philippine-listed eGames provider—to operate and manage its regulated online gaming platform under a new strategic partnership disclosed in a filing to the Philippine Stock Exchange. Under the agreement, PhilWeb will deliver both technical and operational support aimed at ensuring the online platform complies with regulatory requirements and functions efficiently, drawing on PhilWeb’s extensive experience in the local gaming market.
Seaport Research Partners has marginally reduced target prices for the majority of gaming stocks it covers, citing slowing growth trends in both Macau and Las Vegas that are tempering investor expectations. The adjustment affects nearly the entire coverage universe — including big names like Las Vegas Sands, MGM Resorts, Melco Resorts, Wynn Resorts, MGM China, Sands China, SJM Holdings and Wynn Macau — with Galaxy Entertainment Group the only exception to the downward revision.
Okada Manila’s casino performance in the fourth quarter of 2025 showed a significant decline in gross gaming revenue (GGR) compared with the year-earlier period, highlighting ongoing operational challenges at the integrated resort in the Philippines’ Entertainment City. According to a recent filing from the property’s operator Tiger Resort, Leisure and Entertainment Inc, Okada Manila recorded just under PHP 5.93 billion (US $99.7 million) in casino GGR for the October–December quarter — representing a 34 % drop year-on-year. This quarterly downturn marked continued pressure across both VIP and mass gaming segments.
Macau gaming operator SJM Holdings Ltd has begun a targeted repurchase of its US$500 million senior notes due on 27 January 2026, with filings showing the company has acquired approximately 34 % of the outstanding principal as part of a broader refinancing and debt-management strategy. The senior notes carry a fixed interest rate of 4.500 per cent and were originally issued in January 2021. SJM’s move reflects balancing near-term obligations while pursuing financial flexibility in a competitive market backdrop.
Author: Janice Chew • Thursday, 15/01/2026
