It expects to record a loss of $7.8b.
Casino operator SJM Holdings has informed its shareholders that it will likely incur bigger losses for FY22.
In a bourse filing, SJM Holdings said it expects a loss attributable to owners of $7.8b for FY22, which is bigger than its $4.14b loss in FY21.
The casino operator explained that the loss expected for FY22 includes an impairment charge of approximately $1.21b linked to refurbishments made to the Jai-Alai Building.
The operator added that it has also been operating “at a considerable loss due primarily to the travel restrictions and social distancing regulations which were in force in Macau due to the COVID-19 pandemic.”
In the nine months ended 30 September (9M22), the operator’s loss was already $4.6b, much higher than the $2.7b in 9M21.
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