• 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

Emperor Ent boosts stake in operator of Macau casino hotel

Jan 02, 2019 Newsdesk Latest News, Macau, Top of the deck  


Emperor Ent boosts stake in operator of Macau casino hotel

Hong Kong-listed Emperor Entertainment Hotel Ltd has agreed to acquire a further 5-percent stake in the privately-held British Virgin Islands (BVI)-registered company that operates Macau casino venue the Grand Emperor Hotel (pictured).

The consideration involved will be HKD155 million (US$20 million), with the deal likely to be concluded “on or before” March 15, 2019.

The Grand Emperor operates in Macau under the gaming licence of SJM Holdings Ltd.

The transaction will mean Emperor Entertainment Hotel will hold an 80-percent equity interest in Luck United Holdings Ltd.

The suitor firm said in a Thursday filing to the Hong Kong bourse that acquisition of the additional 5-percent stake was a “tremendous opportunity for the company to further increase and concentrate the stake in Luck United at a deep discount”.

The filing added: “In recent years, the target group continued to achieve a stable performance in entertainment and hospitality services in Macau and generate recurrent income for the group. Such acquisition can enable the group to realise such good investment opportunity and utilise financial resources efficiently.”

In the first half of 2018, Emperor Entertainment Hotel registered a 5.2-percent decline in total revenue judged year-on-year, to about HKD665.59 million. It was spurred by a fall in gaming revenue, that company said in a filing in late November.

In the latest announced transaction, the purchaser of the 5-percent in Luck United is Emperor Entertainment Hotel Investment Ltd, also a BVI firm, and an indirect wholly-owned subsidiary of Emperor Entertainment Hotel.

The actual vendor in the latest deal is New Mode Ltd, a Hong Kong-registered investment holding company.

Thursday’s filing said that the unaudited consolidated net asset value of the target group subject to the deal was approximately HKD4.78 billion as at November 30.

The document also outlined that the target firm owed the vendor an outstanding loan of just under HKD12.3 million as of November 30, which was to be covered by the deal arranged with the suitor, Emperor Entertainment Hotel.


  • tweet
Related articles
  • Emperor Ent gaming revenue up 25pct in year to March 31
    Emperor Ent gaming revenue up 25pct in...

    Jun 24, 2022  

  • SJM staff cost risk on exposure to satellites: analysts
    SJM staff cost risk on exposure to...

    Jun 17, 2022  

More news
  • Macau resuming tourism promotion on Chinese mainland
    Macau resuming tourism promotion on...

    Aug 19, 2022  

  • SOFTSWISS Game Aggregator deal on Vibra Gaming content
    SOFTSWISS Game Aggregator deal on Vibra...

    Aug 19, 2022  


Latest News

Macau resuming tourism promotion on Chinese mainland

Macau resuming tourism promotion on Chinese mainland

Aug 19, 2022  

Macao Government Tourism Office (MGTO) said on Friday that it is resuming promotion of Macau as a travel destination, targeting mainland Chinese consumers. Its new campaign starts this month and runs...
Read More
SOFTSWISS Game Aggregator deal on Vibra Gaming content

SOFTSWISS Game Aggregator deal on Vibra Gaming content

Aug 19, 2022  

Ambrose So, CEO of Macau op SJM cuts stake for US$11mln

Ambrose So, CEO of Macau op SJM cuts stake for US$11mln

Aug 19, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

“The key focus is digging ourselves, together with the other five operators, out of hole that Macau has been in for the last three years”

Lawrence Ho Yau Lung

Chairman of casino operator Melco Resorts



Most Popular

  • China restates action on overseas-bet fugitivesChina restates action on overseas-bet fugitives August 17, 2022
  • David Chow exits board of casino services biz Macau LegendDavid Chow exits board of casino services biz Macau Legend August 17, 2022
  • Singapore’s Gambling Regulatory Authority inauguratedSingapore’s Gambling Regulatory Authority inaugurated August 16, 2022
  • Galaxy Ent 2Q EBITDA dips 41pct sequentially, 1H lossGalaxy Ent 2Q EBITDA dips 41pct sequentially, 1H loss August 18, 2022
  • Studio City Phase 2 opening 2Q23, in stages: Lawrence HoStudio City Phase 2 opening 2Q23, in stages: Lawrence Ho August 19, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us