Fitch expects SJM to retain half of satellite casino market share
Fitch expects SJM Holdings to recapture at least half of the market share from its closed satellite casinos, based on its use of reassigned tables at self-owned properties. SJM said management saw an improved ability to retain that business in Q4 2025 compared with Q3; the full effect of the closures and table transfers may not become clear until well into 2026.
The retained market share will affect SJM’s casino revenue and the margins generated by its reassigned gaming tables.