• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Asia Pioneer parent says 1Q loss can be reversed

May 11, 2018 Newsdesk Latest News, Macau, Top of the deck  


Asia Pioneer parent says 1Q loss can be reversed

Asia Pioneer Entertainment Holdings Ltd, the Hong Kong-listed parent of Macau-registered electronic gaming equipment distributor Asia Pioneer Entertainment Ltd (APE), reported a net loss of approximately HKD1.7 million (US$216,619) for the first quarter of 2018. That compares to a net profit of HKD505,556 in the prior-year period.

“This turn from profit to loss was mainly due to a sharp drop in overall gross profit margin of approximately 42.4 percent from the corresponding period [in 2017] to approximately 19.7 percent for the [reporting] period, as well as a 22.7 percent drop in total revenue for the comparable periods,” the company said in a filing to the Hong Kong Stock Exchange on Thursday.

The parent company however said it expected the first-quarter net loss to “be reversed with new orders in the pipeline” for the remainder of this year.

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.

The company reported group-wide revenue of HKD13.9 million for the three months ended March 31. That includes revenue of nearly HKD13 million from technical sales and distribution of electronic gaming equipment, down 15.8 percent year-on-year.

First-quarter income derived from consulting and technical services, and repair services declined by, respectively, 71.2 percent and 47.6 percent year-on-year.

In Thursday’s filing, the parent firm expressed a more optimistic outlook for the remainder of the year.

“In technical sales and distribution [of electronic gaming equipment], we are in discussions with several customers in Macau SAR and Southeast Asia,” Asia Pioneer Entertainment Holdings noted.

“In consultancy, we are in discussions with manufacturers for consultancy contracts which will commence in the second quarter of 2018,” the firm added. The company provides consultancy to suppliers or manufacturers of electronic gaming equipment products to the casino gaming supplier market.

Earlier this week, APE said it reached a deal to be a non-exclusive distributor in Asia of some of the products from slot machine ticket printer maker TransAct Technologies Inc.

Under the deal, APE will distribute TransAct’s printers throughout Asia, with a focus on Macau, the Philippines, Taiwan and mainland China, according to a press release. In addition, APE’s company facilities will become a regional centre for warranty repairs for all of TransAct’s casino and gaming printers.


  • tweet
Related articles
  • APE narrows 1Q net loss, revenue up 34pct y-o-y
    APE narrows 1Q net loss, revenue up...

    May 15, 2023  

  • APE in 3-year deal to be Moniko distributor in Macau, S.Korea
    APE in 3-year deal to be Moniko...

    Apr 12, 2023  

More news
  • Gaming-linked crime in Macau up 24pct y-o-y in 1Q: govt
    Gaming-linked crime in Macau up 24pct...

    Jun 08, 2023  

  • SOFTSWISS chosen for Cobra Casino jackpot campaign
    SOFTSWISS chosen for Cobra Casino...

    Jun 08, 2023  


Latest News

Gaming-linked crime in Macau up 24pct y-o-y in 1Q: govt

Gaming-linked crime in Macau up 24pct y-o-y in 1Q: govt

Jun 08, 2023  

Macau recorded 158 “gaming-related” crimes in the first three months of 2023, up 24.4 percent on the 127 identified in the prior-year period, according to the latest statistics published on...
Read More
SOFTSWISS chosen for Cobra Casino jackpot campaign

SOFTSWISS chosen for Cobra Casino jackpot campaign

Jun 08, 2023  

G2E Asia 2023: Singapore

  • Konami taps market-tried slots to refresh Asia op offer
    Konami taps market-tried slots to refresh Asia op offer

    Jun 08, 2023  

    Gaming content and equipment maker Konami says it is...
  • L&W building game content across 3 pillars: Ken Jolly
    L&W building game content across 3 pillars: Ken Jolly

    Jun 07, 2023  

    Casino gaming content and hardware provider Light &...
  • ETGs rapid growth segment in Asia: Interblock Michael Hu
    ETGs rapid growth segment in Asia: Interblock Michael Hu

    Jun 06, 2023  

    Electronic table games (ETGs) supplier Interblock dd is...
  • GLI offering RNG test tools, cybersecurity demand growing
    GLI offering RNG test tools, cybersecurity demand growing

    Jun 05, 2023  

    Random number generator (RNG) testing tools are among the...
  • Alfastreet’s new Verso cabinet heading to Asian markets
    Alfastreet’s new Verso cabinet heading to Asian markets

    Jun 01, 2023  

    Alfastreet, a manufacturer of electronic gaming machines,...
  • Sega Sammy Creation growing land-based, eyes online
    Sega Sammy Creation growing land-based, eyes online

    Jun 01, 2023  

    Casino equipment maker Sega Sammy Creation Inc is tweaking...
  • iGaming growing in Asia, ops tackling challenges: Uplatform
    iGaming growing in Asia, ops tackling challenges: Uplatform

    Jun 01, 2023  

    The iGaming segment in Asia “has grown rapidly” since...
  • ‘See before you play’ slot marketing tool, say tech suppliers
    ‘See before you play’ slot marketing tool, say tech...

    May 31, 2023  

    Showing slot machine players – via animations on the...
  • Macau stocks tied to China outlook: Bloomberg analyst
    Macau stocks tied to China outlook: Bloomberg analyst

    May 31, 2023  

    Macau stocks in likelihood “have been punished too much...
  • Investors still eye possible fresh IR locations in Japan: scholar
    Investors still eye possible fresh IR locations in Japan:...

    May 31, 2023  

    There are foreign companies still interested in investing...
  • Thai casino law possible in 2024, IR in 2030: govt adviser
    Thai casino law possible in 2024, IR in 2030: govt adviser

    May 31, 2023  

    Thailand could pass the necessary enabling legislation for...
  • China still ‘critical’ to Asian markets: G2E Asia panel
    China still ‘critical’ to Asian markets: G2E Asia panel

    May 30, 2023  

    China will remain a key market for Asian gaming...
  • Much interest in state casinos sale, says Pagcor boss Tengco
    Much interest in state casinos sale, says Pagcor boss

    May 30, 2023  

    Alejandro Tengco (pictured in a file photo), chairman and...
  • Gaming industry in for a very exciting period: Bill Miller
    Gaming industry in for a very exciting period: Bill Miller

    May 30, 2023  

    There are “plenty of reasons” for the global gaming...
  • IGT flags route to high-performing games for Asia
    IGT flags route to high-performing games for Asia

    May 30, 2023  

    Gaming equipment provider International Game Technology Plc...
  • G2E Singapore trade show, conference begins today
    G2E Singapore trade show, conference begins today

    May 30, 2023  

    The Global Gaming Expo (G2E) Asia 2023 Special Edition:...
  • Novomatic’s Black Edition II cabinets at G2E in Singapore
    Novomatic’s Black Edition II cabinets at G2E in Singapore

    May 29, 2023  

    Austria-based gaming equipment maker and operator Novomatic...
  • Uplatform to show latest iGaming products at G2E Singapore
    Uplatform to show latest iGaming products at G2E Singapore

    May 25, 2023  

    Sports betting and online casino operating platform...
  • L&W ambition to be No1 in Asia well on its way: SVP gaming
    L&W ambition to be No1 in Asia well on its way: SVP...

    May 24, 2023  

    The business performance in Asia of gaming content and...
  • G2E Singapore expecting 6k visitors, 100+ exhibitors
    G2E Singapore expecting 6k visitors, 100+ exhibitors

    May 18, 2023  

    The organisers of Global Gaming Expo (G2E) Asia 2023...
  • ‘Dragon Unleashed’ slot link by L&W at G2E in Singapore
    ‘Dragon Unleashed’ slot link by L&W at G2E in...

    May 17, 2023  

    Gaming content and equipment supplier Light & Wonder...
  • Sega Sammy Creation new multi-ETG at G2E in Singapore
    Sega Sammy Creation new multi-ETG at G2E in Singapore

    May 16, 2023  

    Casino equipment maker Sega Sammy Creation Inc is to...
  • Aristocrat at G2E Asia in Singapore previews Year of Dragon
    Aristocrat at G2E Asia in Singapore previews Year of Dragon

    May 09, 2023  

    Casino slot machine and digital gaming content provider...
  • IGT ‘Prosperity’ link in Asia show debut G2E in Singapore
    IGT ‘Prosperity’ link in Asia show debut G2E in...

    May 05, 2023  

    The Global Gaming Expo (G2E) Asia event in Singapore is the...
  • Thai parliament adviser on casinos attending G2E Singapore
    Thai parliament adviser on casinos attending G2E Singapore

    May 04, 2023  

    An adviser to a Thailand parliamentary committee mulling...

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”I think the gaming sector has a huge potential in coming years. The situation around the pandemic drew a lot of attention from the casino operators to the ETG segment”

Michael Hu

President for the Asia-Pacific region at gaming supplier Interblock



Most Popular

  • Macau GGR in June hit by seasonal slowdown: JP MorganMacau GGR in June hit by seasonal slowdown: JP Morgan June 5, 2023
  • China Politburo meeting key for any policy shift: UBSChina Politburo meeting key for any policy shift: UBS June 7, 2023
  • Queen’s Wharf Brisbane opening delayed to April 2024Queen’s Wharf Brisbane opening delayed to April 2024 June 6, 2023

Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us