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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement , make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement . 澳門 博彩 控股 有限公司 SJM HOLDINGS LIMITED incorporated in Hong Kong with limited liability Stock Code : 880 ANNOUNCEMENT 2021 FIRST QUARTER SELECTED UNAUDITED KEY PERFORMANCE INDICATORS The board of directors ( the " Board " ) of SJM Holdings Limited ( the “ Company ” ) hereby announces selected unaudited key performance indicators of the Company and its subsidiaries ( collectively the “ Group " ) for the three months ended 31 March 2021 ( " Q1 2021 " ) to enable its shareholders , investors and the public to better appraise the position and business performance of the Group . 2021 FIRST QUARTER HIGHLIGHTS ( UNAUDITED ) 3 Total net revenue , gross gaming revenue and net gaming revenue¹ of the Group decreased in Q1 2021 by 28.8 % , 32.7 % and 29.2 % , respectively from Q1 2020 . Adjusted EBITDA² of the Group declined to a negative HK $ 319 million in Q1 2021 from negative HK $ 200 million in Q1 2020 , a decrease of 60.0 % . Adjusted EBITDA Margin³ of the Group in Q1 2021 decreased to negative 12.9 % from negative 5.7 % in Q1 2020 . Loss attributable to owners of the Company was HK $ 647 million in Q1 2021 , as compared with HK $ 409 million in Q1 2020 , an increased loss of 58.2 % . The Group's gross gaming revenue accounted for 11.6 % of Macau's casino gaming revenue during Q1 2021 , as compared with 13.3 % in Q1 2020 . As at 31 March 2021 , the Group had HK $ 2,475 million of cash , bank balances , short - term bank deposits and pledged bank deposits , HK $ 10 billion of undrawn revolving credit facility , HK $ 16,555 million of total debt , and HK $ 23,957 million of shareholders ' equity . Construction of the Grand Lisboa Palace , the Group's integrated resort on Cotai , has been completed and the project is undergoing final inspections by local government authorities . The Group anticipates opening the Grand Lisboa Palace during the first half of 2021 . Gross gaming revenue less commissions and incentives Earnings after adjustment for non - controlling interests and before accounting for interest income and expense , tax , depreciation and amortisation , donations , loss on disposals / write - off of property and equipment , share based payments , gain on modification of long - term bank loans , sub - concession fee income and pre - opening expenses . Adjusted EBITDA divided by total net revenue ( net gaming revenue plus hotel , catering , retail and related services revenue ) − 1 −