Kingston Financial gaming revenue up 15 pct in 1H

Nov 27, 2014 Newsdesk Latest News, Macau, Top of the deck  

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Kingston Financial Group Ltd reported that gaming revenue from its two Macau casinos rose 15 percent year-on-year in the six months to September 30.

Casino revenue including that from food and drinks served in the gaming areas – rose to HKD379.38 million (US$48.9 million), from HKD329.58 million in the year-prior period.

The firm controls two casino-hotels – Casa Real (pictured) on Macau peninsula and Grandview on Taipa – that offer gaming under the licence of SJM Holdings Ltd.

During the period gaming revenue accounted for 74 percent of total hotel and gaming business turnover at the venues.

As of September 30, the group had an aggregate of 58 tables on its two mass market gaming floors – one more than in the period ending March 31. It had 13 tables in its two self-managed VIP gambling rooms (one more than as at March 31) and an aggregate of 224 slot machines across its two properties (16 fewer than in the earlier period) plus 140 “live baccarat” machines (the same number as in the earlier period).

“The live baccarat machines at Casa Real brought additional crowd to the property, achieving synergy with the slot machine business as well,” stated the company in its 2014 interim results filed on Wednesday evening.

Kingston Financial is led by Pollyanna Chu Yuet Wah, ranked at number 1,045 on Forbes’ World’s Billionaires list with a real time net worth as of Thursday morning of US$1.8 billion.

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