Apr 26, 2018 Newsdesk Latest News, Macau, Top of the deck  
The Hong Kong-listed parent of Macau-registered electronic gaming equipment distributor Asia Pioneer Entertainment Ltd has warned that it expects to swing to a HKD1.7-million (US$216,619) first-quarter loss, compared to an unaudited HKD4.8-million profit – before recurring expenses – recorded by the group in the first quarter 2017, a period prior to the group’s public flotation.
The deterioration was mainly attributable, said Asia Pioneer Entertainment Holdings Ltd, to a year-on-year decrease in revenue from sales of electronic gaming equipment and its consulting and technical services; an increase in operating expenses; and a “decrease in the group’s gross profit margin for the current period”.
Asia Pioneer Entertainment Holdings started trading on Hong Kong’s small-cap exchange, the Growth Enterprise Market, in November last year.
Part of the firm’s commercial model involves acting as a clearing business for casino slot machines reaching the end of their life in the Macau market, in order to sell them on to other markets.
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Macau casino operator Sands China Ltd says it will have more rooms out of commission during the fourth quarter this year amid the ongoing development work at The Londoner Macao resort (pictured)....(Click here for more)
”Our new programme [for the fourth tower of Marina Bay Sands] creates a full-scale integrated resort development with a full suite of amenities, including gaming capacity”
Patrick Dumont
President and chief operating officer of Las Vegas Sands