As Macao's Gambling Industry Rebounds, SJM Bucks The Trend

The gaming company is shedding most of its satellite casinos and focusing on core assets in a restructuring that has taken a chunk out of quarterly earnings  Key Takeaways:Bucking a positive trend in the sector, SJM posted lower gaming revenues and profits as it reshapes its business to comply with new Macao regulationsGaming revenue and adjusted property EBITDA also fell at its flagship Grand Lisboa venueMacao's gambling industry has regained its luster, but one casino operator is shining less brightly tha ...