LET Group and its subsidiary Summit Ascent Holdings posted impressive first-half results in 2025, bolstered by improved performance at their Russian integrated resort, Tigre de Cristal, and the launch of a new export trading business.
Melco International Development Ltd, the Hong Kong-listed parent of Melco Resorts, delivered a standout financial recovery in the first half of 2025. The company posted a profit of HK$350.8 million (US$45 million), reversing its prior-year loss of HK$253.2 million (US$32.5 million). This rebound reflects significant improvements across the group's gaming and non-gaming operations.
Macau, 31 August 2025 — SJM Holdings confirmed during its recent earnings call that it remains in discussions to acquire two of its satellite casinos—Ponte 16 and L’Arc Macau—as part of a broader strategy to comply with Macau’s regulatory deadlines and restructure its operations. The company clarified that while no formal agreements or pricing timelines have been set, any potential deal would need to be finalized by year-end in line with regulations.
Macau, 28 August 2025 — SJM Holdings has revealed a mixed performance in the first half of 2025. While its gross gaming revenue (GGR) climbed nearly 12% to HK$14.8 billion (US$1.90 billion) and non-gaming revenue rose 11.8% to HK$1.01 billion (US$130 million), the company nonetheless recorded a widened net loss of HK$182 million (US$23.4 million)—compared to a loss of HK$162 million (US$20.8 million) in the same period a year earlier.
On 29 August 2025, Thailand’s Constitutional Court delivered a sharp blow to the administration of Prime Minister Paetongtarn Shinawatra by removing her from office. The ruling, handed down in a 6–3 decision, cited ethical violations tied to a leaked phone call with Cambodia’s former leader Hun Sen—marking yet another judicial setback for the powerful Shinawatra political dynasty.
This abrupt dismissal also obliterated any momentum behind the casino legalization bill, a signature economic reform championed by Paetongtarn aimed at attracting foreign investment and reviving tourism.
Author: Janice Chew • Tuesday, 02/09/2025
