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SJM Holdings Stock Plummets 43.85% in Trading Volume Ranking 236th as Seven Macau Casinos Close
Generated by AI AgentAinvest Volume Radar
Thursday, Jun 12, 2025 7:52 pm ET1min read
The stock of
experienced a significant decline on June 11, 2025, with a trading volume of 3.65 billion, marking a 43.85% decrease from the previous day. This placed it at the 236th position in terms of trading volume for the day.SJM Holdings, which operates nine out of the 11 affected satellite casinos in Macau, has announced the closure of seven properties. These include Casino Casa Real, Emperor Palace, and Kam Pek Paradise. This move is part of a broader effort to reshape the operator's portfolio in response to regulatory changes and cost pressures.
The closure of these satellite casinos is expected to have a significant impact on SJM Holdings' operations and financial performance. The company is facing rising cost pressures as it navigates the transition. The addition of Smart Studio technology and partnerships with companies like Pragmatic Play are part of the strategy to mitigate these challenges and maintain competitiveness in the market.
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