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Tag: SJM

  • Macau Casino Workers Treated With One-Month Bonuses

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    Posted on: January 11, 2026, 11:18h. 

    Last updated on: January 11, 2026, 11:18h.

    • Five of the six casino operators in Macau have announced annual bonuses
    • The one-time payments are for non-executive workers
    • Macau enjoyed its best year since the pandemic in 2025

    Macau casinos enjoyed a prosperous 2025, and the six gaming companies are sharing the riches with the people who made it all possible.

    Macau casino workers bonuses China
    SJM Resorts’ Casino Lisboa is pictured in downtown Macau with Wynn Macau in the background. Casino employees at five of the six Macau casino companies have been confirmed for annual bonuses equal to one month’s pay. Sands is expected to join the handful in announcing bonuses this week. (Image: Getty)

    As is customary in January following strong gaming years, most of Macau’s casino concessions have announced significant bonuses for non-executive workers.

    Galaxy Entertainment said its one-month discretionary bonus covers about 97% of the company’s staff, with all positions from senior manager and below eligible. Melco Resorts said its one-month bonus would be paid to all “non-management” employees in Macau and Hong Kong, but did not specify what percentage of its workforce would be entitled to the special payments. MGM China said 97% of its staff in China would be paid a bonus equivalent to the employee’s salary for one month.

    Wynn Macau confirmed it’s distributing a “special allowance” equal to one month’s gross salary, with the bonus celebrating the company’s 20th anniversary in the Chinese Special Administrative Region. Wynn said 98% of its 11,552-person workforce qualified for the dividend.

    On Sunday, SJM Resorts said it too would issue a one-month bonus to non-executive employees. Sands China is the lone concession not to yet announce a bonus, but is expected to in the coming days.

    2025 Recovery

    2025 was the best year yet in the COVID-19 aftermath for Macau’s gaming industry, which is the world’s largest casino market. The six casino operators generated gross gaming revenue (GGR) of almost $30.9 billion, more than double the size of the Las Vegas Strip.

    The $30.9 billion haul represented a 9.1% increase on 2024 and was 36% higher than 2023, when Macau casino revenue totaled $22.7 billion. 2025 exceeded expectations, as the casinos successfully redirected their focus from the high rollers, who had largely disappeared with the eradication of VIP junket groups, to the premium mass player and the general public.

    Premium mass players still bet hundreds of US dollars per baccarat hand, with some wagering four digits per deal. While the true high rollers who bet thousands and tens of thousands of dollars per hand in private junket rooms are generally no more, the casinos say the need to offer fewer perks and comps to premium players has led to them being more profitable.

    Record Visitation  

    The pivot to a wider market was proven with the disclosure of the 2025 visitor arrivals numbers. Macau’s Public Security Police, which handles border entries, reports that more than 40 million visitors made their way into the enclave last year.

    The tally, officially 40.06 million, easily broke Macau’s previous best travel year of 39.41 million visitors set in 2019. The 2025 visitor mark represented a 14.7% surge on 2024, when 34.94 million entries were counted.

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    Devin O’Connor

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  • Macau Government Wants Updates on Casino Investments

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    Posted on: November 20, 2025, 12:18h. 

    Last updated on: November 19, 2025, 12:26h.

    • Macau will review casino investments in the new year
    • The Chinese city’s six casino operators agreed to invest $16 billion in nongaming projects
    • The pledge came in 2022 with new gaming concessions

    In December 2022, the Macau government agreed to issue new gaming licenses to its six casino operators. In exchange, Sands, Galaxy, Wynn, MGM, Melco, and SJM agreed to invest many billions of dollars into resort improvements and expansions, with the bulk of the capital mandated to go to nongaming initiatives.

    Macau government casino investments China
    Macau Chief Executive Sam Hou Fai delivers the 2026 Policy Address before a plenary session of the Legislative Assembly on Nov. 18, 2025. Sam said the local government will inspect whether the city’s casinos have fulfilled their gaming and nongaming investment obligations, as dictated by their 2022 licenses. (Image: Macau Government Information Bureau)

    Macau, at the direction of Beijing, used the relicensing process to field investments that will ideally bring new people to the Chinese Special Administrative Region (SAR).

    The six gaming firms agreed to invest about $19.3 billion, with upwards of $16 billion stipulated for projects off the gaming floor.

    Almost three years later, several of the casinos claim they’ve already carried out their investment obligations. Thousands of hotel rooms have been renovated, investments in sports and K-pop have been made, and family-friendly attractions have been developed.

    Macau Chief Executive Wants Audits

    During his 2026 Policy Address to the Legislative Assembly, Macau Chief Executive Sam Hou Fai said an emphasis in the new year will be on ensuring that the casinos carry out their investment responsibilities.

    We will conduct a review of concessionaires’ investment projects and amounts in both gaming and nongaming sectors from 2023 to 2025, their fulfillment of social responsibilities, and compliance with laws and statutory obligations,” Sam said, as reported by Inside Asian Gaming. “We urge concessionaires to fulfill their concession contract commitments, implement gaming and nongaming investments, and expand diversified tourism projects and products.”

    Since the 2022 tenders, each casino has been required to submit implementation status reports to the SAR government specifying investments made in the prior year and plans for the 12 months ahead.

    “The government does monitor the investment situation.” Tai Kin Ip, Macau’s secretary for economy and finance, said earlier this year.

    Macau Outlook

    Macau is roaring, as its casinos, the enclave’s economic heartbeat, are experiencing their best post-COVID-19 year to date. October was the city’s best month in terms of casino revenue since October 2019, with gross gaming revenue (GGR) reaching more than $3 billion.

    Year to date, Macau GGR is up 8%. The six casinos have won MOP15.28 billion (US$1.9 billion) more gaming money from players through nine months than they did in 2024.

    Macau is meanwhile diversifying, with its casinos no longer being the primary focal point. Economic analysts expect GDP growth to be around 2.6% this year. As for 2026, analysts are “cautiously optimistic” about further growth, despite global headwinds like the ongoing threats of trade tariffs with the US.

    While growth is growth, the 2.6% projection for this year from the International Monetary Fund (IMF) is a reduction from the earlier 3.6% forecast. The IMF said global trade worries tampered results.  

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    Devin O’Connor

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  • J. M. Smucker (NYSE:SJM) Shares Gap Down Following Weak Earnings

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    Shares of The J. M. Smucker Company (NYSE:SJM – Get Free Report) gapped down before the market opened on Wednesday following a weaker than expected earnings announcement. The stock had previously closed at $110.58, but opened at $100.25. J. M. Smucker shares last traded at $105.90, with a volume of 2,190,654 shares traded.

    The company reported $1.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.05). The company had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.09 billion. J. M. Smucker had a positive return on equity of 15.41% and a negative net margin of 16.75%.The business’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.44 earnings per share. J. M. Smucker has set its FY 2026 guidance at 8.500-9.500 EPS.

    J. M. Smucker Increases Dividend

    The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Friday, August 15th. This is a positive change from J. M. Smucker’s previous quarterly dividend of $1.08. J. M. Smucker’s payout ratio is presently -32.09%.

    Analyst Ratings Changes

    A number of equities analysts recently issued reports on SJM shares. Stifel Nicolaus lifted their target price on J. M. Smucker from $106.00 to $110.00 and gave the stock a “hold” rating in a report on Tuesday, July 29th. Wells Fargo & Company lifted their target price on J. M. Smucker from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Monday, August 18th. BNP Paribas Exane upgraded J. M. Smucker from an “underperform” rating to an “outperform” rating and set a $120.00 target price on the stock in a report on Wednesday, July 9th. Citigroup lowered their price target on J. M. Smucker from $128.00 to $118.00 and set a “buy” rating on the stock in a report on Wednesday, June 11th. Finally, Jefferies Financial Group upgraded J. M. Smucker from a “hold” rating to a “buy” rating and lowered their price target for the company from $118.00 to $115.00 in a report on Wednesday, June 11th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $118.00.

    Get Our Latest Report on J. M. Smucker

    Insider Buying and Selling

    In other news, Director Tarang Amin bought 1,050 shares of the stock in a transaction on Thursday, June 12th. The shares were purchased at an average price of $96.09 per share, for a total transaction of $100,894.50. Following the completion of the purchase, the director directly owned 3,825 shares of the company’s stock, valued at $367,544.25. This trade represents a 37.84% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.24% of the stock is owned by company insiders.

    Institutional Inflows and Outflows

    Institutional investors and hedge funds have recently bought and sold shares of the company. Merit Financial Group LLC purchased a new position in J. M. Smucker in the first quarter valued at about $203,000. Farther Finance Advisors LLC grew its stake in J. M. Smucker by 113.5% in the first quarter. Farther Finance Advisors LLC now owns 2,923 shares of the company’s stock valued at $346,000 after purchasing an additional 1,554 shares in the last quarter. Costello Asset Management INC purchased a new position in J. M. Smucker in the first quarter valued at about $50,000. Schonfeld Strategic Advisors LLC grew its stake in J. M. Smucker by 124.8% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 13,355 shares of the company’s stock valued at $1,471,000 after purchasing an additional 7,414 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its stake in J. M. Smucker by 1.6% in the first quarter. State of Alaska Department of Revenue now owns 20,968 shares of the company’s stock valued at $2,482,000 after purchasing an additional 335 shares in the last quarter. Hedge funds and other institutional investors own 81.66% of the company’s stock.

    J. M. Smucker Stock Up 1.0%

    The business has a 50 day simple moving average of $106.73 and a 200 day simple moving average of $109.54. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.81 and a quick ratio of 0.35. The stock has a market cap of $11.37 billion, a PE ratio of -7.79, a P/E/G ratio of 7.93 and a beta of 0.31.

    J. M. Smucker Company Profile

    (Get Free Report)

    The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.

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    ABMN Staff

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  • SJM Holdings Posts Stellar Q1 Results as Post-COVID Recovery Continues

    SJM Holdings Posts Stellar Q1 Results as Post-COVID Recovery Continues

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    SJM Holdings, a leading owner, operator and developer of casinos and integrated entertainment resorts in Macau, has published its unaudited results for the quarter ended March 31.

    The company reported Q1 group net gaming revenue of almost HKD 6.5 billion ($830 million), far exceeding the HKD 3.7 billion reported in Q1 2024. In the meantime, the company reported an adjusted EBITDA of HKD $864 million ($110.6 million), representing a substantial year-on-year increase from HKD 31 million in Q1 2023.

    Adjusted EBITDA margin for the period stood at 12.5%, SJM Holdings reported. For context, the company’s adjusted EBITDA margin in Q1 2023 was 0.8%.

    Loss attributable to owners of the company was HKD 74 million ($9.5 million), SJM Holdings said. This figure marks a major decrease from the HKD 869 million loss the company reported in the prior year period.

    By the end of the quarter, SJM Holdings had HKD 4.95 billion ($630 million) in cash and cash equivalents. Its debts as of March 31 stood at HKD 28.5 billion ($3.65 billion).

    Strong Performance Across All Segments

    The group added that gross revenue from its Grand Lisboa Palace property reached HKD 1.4 billion ($180 million). This figure included gross gaming revenue of HKD 1.1 billion and non-gaming revenue of HKD 307 million. In Q1 last year, Grand Lisboa Palace reported gaming and non-gaming revenue of HKD $310 million and HKD 164 million, respectively. The property reported an adjusted EBITDA of HKD 88 million ($11.3 million).

    Grand Lisboa, meanwhile, reported Q1 gross revenue of HKD 1.96 billion (250 million), including gross gaming revenue of HKD $1.88 billion and non-gaming revenue of HKD 81 million. The same metrics stood at HKD $928 million and HKD 64 million in Q1 2023, respectively. The property reported an adjusted EBITDA of HKD 535 million ($68.5 million).

    Revenue from Other Self-promoted Casino, Jai Alai Hotel and Sofitel at Ponte 16 stood at $1.3 billion ($170 million) with an adjusted EBITDA of HKD 334 million ($42.7 million). Revenue from satellite casinos was HKD 2.6 billion ($330 million) with an EBITDA loss of HKD 52 million ($6.65 million).

    Daisy Ho, chair of SJM Holdings, commented on the matter, saying that the quarter was characterized by strong performance across all self-promoted properties, in both gaming and non-gaming sectors. According to her, these results attest to the effectiveness of SJM Holdings’ management.

    Ho added: “We have a full calendar of large-scale international events in the pipeline, designed to amplify SJM and the Lisboa brand’s visibility on the global stage, and provide multidimensional experiences for our guests as part of our mass market and overseas promotion strategy.”

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    Angel Hristov

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  • J.M. Smucker stock jumps toward 6-year high after profit and sales beat expectations and outlook raised

    J.M. Smucker stock jumps toward 6-year high after profit and sales beat expectations and outlook raised

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    Shares of J.M. Smucker Co.
    SJM,
    +1.11%
    jumped 3.7% toward a six-year high in premarket trading Monday, after the consumer and pet foods company, which brands including Folgers, Jif and Milk-Bone, reported fiscal second-quarter profit and sales that beat expectations and raised its full-year outlook, as a 17 percentage point in price realization helped offset a 6-point decline in volume and mix. Net income for the quarter to Oct. 31 fell to $191.1 million, or $1.79 a share, from $206.0 million, or $1.90 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $2.40 beat the FactSet consensus of $2.18. Sales grew 7.6% to $2.21 billion, above the FactSet consensus of $2.17 billion. Cost of products sold rose more than sales, up 12.4% to $1.50 billion, as gross margin contracted to 31.8% from 34.7%. For fiscal 2023, the company raised its guidance ranges for adjusted EPS to $8.35 to $8.75 from $8.20 to $8.60 and for sales growth to 5.5% to 6.5% from 4% to 5%. The stock has gained 4.6% over the past three months through Friday, while the S&P 500
    SPX,
    +0.48%
    has lost 6.2%.

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