• 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

Gaming supplier APE expects narrower 1H loss before tax

Jul 28, 2021 Newsdesk Industry Talk, Latest News, Macau  


Gaming supplier APE expects narrower 1H loss before tax

Hong Kong-listed Asia Pioneer Entertainment Holdings Ltd (APE) told the city’s bourse on Tuesday that it expects to record a loss before income tax of approximately HKD9.4 million (US$1.2 million) for the first six months of this year. The loss for the same period in 2020 was HKD29.0 million, including a one-time impairment loss of finance lease receivables of approximately HKD22.8 million, according to Tuesday’s 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.

The group also said that it expected to record revenue of approximately HKD3.0 million for the first half of 2021, down by 74.6 percent from the prior-year period.

The company attributed the expected decline in revenue for the six months to June 30 to the negative impact of the “prolonged” Covid-19 pandemic on Macau’s gaming industry.

“It is expected that revenues from the group’s main business units, technical sales and distribution of EGE [electronic gaming equipment] products, consulting and technical services and repair services, for the current period would decrease [in year-on-year terms] by approximately 79.6 percent, 40.7 percent and 79.9 percent, respectively,” the group also mentioned.

The parent firm nevertheless flagged that its customers would “revert back to normal purchase levels”, with the expectation that the gaming industry would recover following the “onset of global Covid-19 vaccination programmes.”

APE reported a first-quarter net loss of HKD4.34 million, up 6.2 percent from the prior-year period. That was on revenue that fell by 15.3 percent year-on-year, to HKD2.02 million, the firm said in May.


  • tweet
Related articles
  • Macau economy to see double-digit growth in 2023: AMCM
    Macau economy to see double-digit...

    Jan 27, 2023  

  • Macau 2022 visitor tally 5.7mln, lowest in over 20 years
    Macau 2022 visitor tally 5.7mln, lowest...

    Jan 20, 2023  

More news
  • Available Macau casino tables busy at tail of CNY hols
    Available Macau casino tables busy at...

    Jan 27, 2023  

  • Macau, APAC early gainers in China tourist return says Fitch
    Macau, APAC early gainers in China...

    Jan 27, 2023  


Latest News

Available Macau casino tables busy at tail of CNY hols

Available Macau casino tables busy at tail of CNY hols

Jan 27, 2023  

Some Macau casinos visited by GGRAsia on Thursday, actually had tables that were closed, notwithstanding strong consumer demand during Chinese New Year (CNY). The reasons for some tables being...
Read More
Macau economy to see double-digit growth in 2023: AMCM

Macau economy to see double-digit growth in 2023: AMCM

Jan 27, 2023  

Macau, APAC early gainers in China tourist return says Fitch

Macau, APAC early gainers in China tourist return says

Jan 27, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


384,600

Aggregate number of visitors to Macau during the first six days of the Chinese New Year holiday break



Most Popular

  • Available Macau casino tables busy at tail of CNY holsAvailable Macau casino tables busy at tail of CNY hols January 27, 2023
  • G2E Asia in-person for Macau in 2023, first time since 2019G2E Asia in-person for Macau in 2023, first time since 2019 January 27, 2023
  • Nearly 70k visitors to Macau on 6th day of CNY breakNearly 70k visitors to Macau on 6th day of CNY break January 27, 2023
  • 71pct of Sands China licence spend for venues says parent71pct of Sands China licence spend for venues says parent January 26, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us