• 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
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Asia Pioneer revenue down 27pct in year to Sept 30

Nov 10, 2020 Newsdesk Latest News, Macau, Top of the deck  


Asia Pioneer revenue down 27pct in year to Sept 30

Hong Kong-listed Asia Pioneer Entertainment Holdings Ltd reported revenue of approximately HKD39.1 million (US$5.0 million) for the first nine months of 2020, down 26.8 percent from the prior-year period. The result was due to a decrease in revenue from sales and distribution of electronic gaming equipment, as well as decline in fees related to consulting, technical services and repair services, said the firm in a Monday filing.

The group’s interests include Asia Pioneer Entertainment Ltd, a Macau-based distribution, sales and servicing business for casino slot machines and electronic table games. For the reporting period, revenue from the Macau unit represented “all of the revenue” of the group, according to its latest filing.

The parent company recorded a total comprehensive loss of approximately HKD23.5 million for the nine months to September 30, compared with a loss of HKD2.7 million a year earlier.

“The increase in total comprehensive loss was mainly due to an impairment loss of HKD22.9 million in finance lease receivables,” said the company.

In Monday’s filing, Asia Pioneer said revenue from technical sales and distribution of electronic gaming equipment fell by 24.9 percent year-on-year, to HKD36.1 million in the reporting period. The group sold an aggregate of 175 seats of electronic gaming equipment, down from 202 seats in the first nine months of 2019.

Income from consulting and technical services declined by 40.7 percent year-on-year, to HKD2.0 million; and revenue from repair services stood at HKD1.0 million, down 49.0 percent from the prior-year period.

In the first nine months of 2020, the group’s cost of sales and services were down 22.5 percent year-on-year, to HKD26.2 million.

Asia Pioneer said in its latest filing that the group remained “concerned” about the impact of the Covid-19 pandemic on its business. “The group still hopes that its business activities can quickly return to pre-Covid-19 levels,” it added.


  • tweet
Related articles
  • Gaming recovery helps Melco Resorts EBITDA break even 4Q
    Gaming recovery helps Melco Resorts...

    Feb 26, 2021  

  • Genting Malaysia 4Q EBITDA halved sequentially
    Genting Malaysia 4Q EBITDA halved...

    Feb 26, 2021  

More news
  • UA Galaxy Cinemas normal as HK ops cease: Galaxy Ent
    UA Galaxy Cinemas normal as HK ops...

    Mar 08, 2021  

  • Galaxy’s Lui hopes Macau 2H better amid vaccine rollout
    Galaxy’s Lui hopes Macau 2H better...

    Mar 08, 2021  


Latest News

UA Galaxy Cinemas normal as HK ops cease: Galaxy Ent

UA Galaxy Cinemas normal as HK ops cease: Galaxy Ent

Mar 08, 2021  

UA Galaxy Cinemas, the multiple-screen cinema facility at the Galaxy Macau casino resort, is operating as usual, the resort promoter Galaxy Entertainment Group Ltd has confirmed to GGRAsia. In...
Read More
Galaxy’s Lui hopes Macau 2H better amid vaccine rollout

Galaxy’s Lui hopes Macau 2H better amid vaccine rollout

Mar 08, 2021  

Pace of Macau GDP decline slows in 4Q amid tourism gains

Pace of Macau GDP decline slows in 4Q amid tourism gains

Mar 08, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

“Construction work is progressing smoothly and even though the Covid-19 outbreak has impacted our original timeline, we remain committed to this groundbreaking project"

Grant Johnson

Property general manager of City of Dreams Mediterranean



Most Popular

  • Lim Kok Thay, GEN Singapore execs in US$1.3mln stock awardLim Kok Thay, GEN Singapore execs in US$1.3mln stock award March 2, 2021
  • Las Vegas Sands to sell off Nevada assets for US$6.25blnLas Vegas Sands to sell off Nevada assets for US$6.25bln March 3, 2021
  • Pansy Ho again cuts stake in MGM Resorts, for US$57mlnPansy Ho again cuts stake in MGM Resorts, for US$57mln March 4, 2021
  • LVS plans to keep U.S. base, stock listing: spokesmanLVS plans to keep U.S. base, stock listing: spokesman March 4, 2021
  • Fitch says LVS Nevada sale a negative, Moody’s keenerFitch says LVS Nevada sale a negative, Moody’s keener March 5, 2021
Copyright 2014-2021 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us