• 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

Kingston Financial casino revenue slips 38 pct in 1H

Nov 24, 2015 Newsdesk Industry Talk, Latest News, Macau  


Kingston Financial casino revenue slips 38 pct in 1H

Kingston Financial Group Ltd reported that gaming revenue from two Macau casinos it controls fell by 38 percent year-on-year in the six months to September 30.

Gaming revenue – including food and beverage sales in the casinos – declined to HKD235.29 million (US$30.4 million), from HKD379.38 million in the year-prior period, the company said in a filing to the Hong Kong Stock Exchange on Monday.

It said the gaming operation was “affected by the sluggish market conditions” in Macau.

The firm controls two casino hotels – Casa Real (pictured) on Macau peninsula and Grandview on Taipa. They offer gaming under the casino licence of SJM Holdings Ltd via a so-called service agreement.

As at September 30, Kingston Financial controlled 59 mass-market tables in two mass market gaming halls, and 14 tables in two VIP rooms. Its casinos also had an aggregate of 239 slot machines and 134 “live baccarat machines” in electronic gaming halls at the two venues, the firm said.

Kingston Financial’s principal business is financial services, including securities brokerage, underwriting and share placements, as well as financing for margin trades and organisation of initial public offerings.

Revenue from the gaming segment accounted for 14.2 percent of the HKD1.65-billion revenue recorded by the group in the fiscal first half, said Kingston Financial. The firm said group wide net profit for the six months to September 30 increased by about 59 percent year-on-year to HKD923.38 million, “mainly due to the increase in income from securities brokerage, underwriting and placements, margin and IPO financing businesses”.

Earlier this year, Kingston Financial underwrote a rights issue in Hong Kong by mainland China real estate developer Landing International Development Ltd. It was toward the latter’s share of costs for a South Korea casino project being pursued in partnership with Singapore casino operator Genting Singapore Plc. Landing International said on July 17 that the exercise had raised HKD4.16 billion.


  • tweet
Related articles
  • LVS amends US$1.5bln loan facility, dividends restricted
    LVS amends US$1.5bln loan facility,...

    Feb 01, 2023  

  • Gaming-related crime in Macau down 30pct in 2022: police
    Gaming-related crime in Macau down...

    Feb 01, 2023  

More news
  • Macau ops track earlier recovery after Jan GGR: analyst
    Macau ops track earlier recovery after...

    Feb 01, 2023  

  • Prominent locals speak in court for Tak Chun boss Levo Chan
    Prominent locals speak in court for Tak...

    Feb 01, 2023  


Latest News

Macau ops track earlier recovery after Jan GGR: analyst

Macau ops track earlier recovery after Jan GGR: analyst

Feb 01, 2023  

Most of Macau’s casino operators are likely to generate positive free cash flow in the first quarter, given the robust recovery level of mass-market gross gaming revenue (GGR) in January, relative...
Read More
Prominent locals speak in court for Tak Chun boss Levo Chan

Prominent locals speak in court for Tak Chun boss Levo Chan

Feb 01, 2023  

January travel lift, CNY sees Macau GGR up 233pct m-o-m

January travel lift, CNY sees Macau GGR up 233pct m-o-m

Feb 01, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”Momentum is expected to grow as mainland China recently reopened its borders, and this presents a substantial growth potential for us as historically a large portion of our clientele came from China”

Porntat Amatavivadhana

Non-executive chairman of Donaco International



Most Popular

  • Available Macau casino tables busy at tail of CNY holsAvailable Macau casino tables busy at tail of CNY hols January 27, 2023
  • Almost half million visitors to Macau for 7 days of CNY holsAlmost half million visitors to Macau for 7 days of CNY hols January 30, 2023
  • Macau visitor momentum kept for post CNY weekendMacau visitor momentum kept for post CNY weekend January 30, 2023
  • Macau CNY mass GGR maybe 60pct plus of CNY 2019: JPMMacau CNY mass GGR maybe 60pct plus of CNY 2019: JPM January 31, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us