• 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 Hotel posts year loss on lower gaming rev

Jun 23, 2021 Newsdesk Latest News, Macau, Top of the deck  


Emperor Ent Hotel posts year loss on lower gaming rev

Emperor Entertainment Hotel Ltd, operator of Macau casino venue the Grand Emperor Hotel (pictured), reported a net loss of HKD177.6 million (US$22.9 million) for the 12 months to March 31, 2021. That compares with a profit of HKD263.9 million in the previous fiscal year, according to a Tuesday filing to the Hong Kong Stock Exchange.

The company said its revenue in the year to March 31 fell by 73.6 percent year-on-year, to nearly HKD301.9 million. That was because of a 77.4-percent decline in gaming revenue at the downtown Macau property during the reporting period, to HKD209.1 million, stated the company.

That stemmed from a “drastic decrease in the number of visitor arrivals” to Macau, due to “travel and entry restrictions”, as part of Macau’s measures against the Covid-19 pandemic.

The casino at the venue runs as a satellite under a so-called services agreement with Macau gaming licensee SJM Holdings Ltd. The venue featured 67 mass-market gaming tables, 10 VIP tables, and 180 slot-machine seats as of March 31, 2021.

According to Tuesday’s filing, revenue in the mass-market segment stood at HKD138.0 million during the reporting period, down 77.9 percent from the prior-year period. It accounted for about 66.0 percent of the group’s total gaming revenue.

VIP revenue for the period was down 79.3 percent year-on-year, to HKD55.6 million, while revenue from slot machines fell by 56.6 percent to HKD15.5 million.

The company reported negative adjusted earnings before interest, taxation, amortisation and depreciation (EBITDA) to the tune of HKD205.4 million, compared to a positive figure of HKD280.4 million a year earlier.

The firm’s board recommended the payment of a final dividend of HKD0.015 per share, to be paid in September.

Outside of the reporting period, Emperor Entertainment Hotel had declared on May 25 the payment of a special dividend of HKD0.050 per share, totalling nearly HKD59.9 million in aggregate. The announcement was linked to the company’s acquisition of three hospitality-related properties in Hong Kong from its parent firm, which was first announced in March.


  • tweet
Related articles
  • Macau 2023 GGR at 45pct of pre-Covid level: Moody’s
    Macau 2023 GGR at 45pct of pre-Covid...

    Mar 31, 2023  

  • Ponte 16 narrows 2022 EBITDA loss, revenue down 24pct
    Ponte 16 narrows 2022 EBITDA loss,...

    Mar 30, 2023  

More news
  • Macau March GGR up 247pct y-o-y, to US$1.6bln: govt
    Macau March GGR up 247pct y-o-y, to...

    Apr 01, 2023  

  • Some Macau hotels say no rooms vacant 3 days of Easter
    Some Macau hotels say no rooms vacant 3...

    Mar 31, 2023  


Latest News

Macau March GGR up 247pct y-o-y, to US$1.6bln: govt

Macau March GGR up 247pct y-o-y, to US$1.6bln: govt

Apr 01, 2023  

Macau’s casino gross gaming revenue (GGR) was up 246.9 percent year-on-year in March, to just under MOP12.74 billion (US$1.58 billion). The March tally was up 23.4 percent month-on-month,...
Read More
Some Macau hotels say no rooms vacant 3 days of Easter

Some Macau hotels say no rooms vacant 3 days of Easter

Mar 31, 2023  

Macau 2023 GGR at 45pct of pre-Covid level: Moody’s

Macau 2023 GGR at 45pct of pre-Covid level: Moody’s

Mar 31, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”Efforts have pivoted to the construction of the hotel tower, with plans to launch a soft opening before the end of 2024 and a grand opening in 2025”

Casino investor LET Group

On the development of a casino hotel in Manila, the Philippine capital



Most Popular

  • Some Macau hotels say no rooms vacant 3 days of EasterSome Macau hotels say no rooms vacant 3 days of Easter March 31, 2023
  • Macau 2023 GGR at 45pct of pre-Covid level: Moody’sMacau 2023 GGR at 45pct of pre-Covid level: Moody’s March 31, 2023
  • Macau March GGR up 247pct y-o-y, to US$1.6bln: govtMacau March GGR up 247pct y-o-y, to US$1.6bln: govt April 1, 2023
  • LET Group narrows year loss, Manila site open end 2024LET Group narrows year loss, Manila site open end 2024 March 31, 2023
  • Japan govt delays IR decision due to local elections: reportJapan govt delays IR decision due to local elections: report March 30, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us