• 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’s Macau 1H gaming revenue up 7pct

Nov 29, 2018 Newsdesk Industry Talk, Latest News, Macau  


Kingston’s Macau 1H gaming revenue up 7pct

First-half gaming revenue at Kingston Financial Group Ltd, the operator of two so-called satellite casinos in Macau, improved by about 7 percent compared to the same time last year, the company announced on Wednesday. Kingston Financial told the Hong Kong Stock Exchange that it recorded gaming revenue of about HKD241.91 million (US$30.92 million) in its financial first half, ended September 30. The figure also includes revenue from food and drink sold in the casinos.

In spite of the rise in gaming revenue, the first-half turnover in all its business taken together decreased by about 3 percent to about HKD1.57 billion. First-half profit attributable to the owners of the company decreased by about 35 percent to about HKD592.16 million. The company attributed the drop in profit mainly to a one-time write-off of intangible assets amounting to about HKD266.1 million.

Kingston Financial runs the Casa Real casino on Macau peninsula and the Grandview casino (pictured) on Taipa, in both cases using SJM Holdings Ltd’s gaming rights.

The wider Kingston group also provides financial services, including securities brokerage, underwriting and placements; margin and initial public offering financing; corporate finance advisory services; futures brokerage and asset management services.

“The two casinos continued to provide solid contributions to the group,” the company told the stock exchange, adding that revenues from gaming added about 15 percent to the group’s total revenue.

At the end of its financial first half the Kingston Financial casinos contained an aggregate of 64 tables for the mass market and 12 tables in their VIP rooms, along with 215 slot machines and 140 live baccarat machines. “Live baccarat machines brought additional crowds to the property, achieving synergy with the slot machine business,” the statement said. The electronic table games feature a croupier to deal cards.

In 2017, Kingston Financial reported a 4-percent decline in gaming revenue due to what it said was increasing competition.

Kingston Financial chief executive Pollyanna Chu Yuet Wah is considered Hong Kong’s wealthiest woman, according to Forbes magazine. She was placed seventh on the list of Hong Kong’s 50 Richest People, with a net worth estimated at US$12 billion as at January.


  • tweet
Related articles
  • Macau casino backer Kingston aims delisting Feb 27
    Macau casino backer Kingston aims...

    Feb 20, 2023  

  • Success Dragon slot mgmt revenue down 63pct, posts loss
    Success Dragon slot mgmt revenue down...

    Nov 29, 2022  

More news
  • Pagcor mulls pure regulator role via US$1.5bln casinos sale
    Pagcor mulls pure regulator role via...

    Mar 21, 2023  

  • Macau ops getting overseas visitors via private jets: report
    Macau ops getting overseas visitors via...

    Mar 21, 2023  


Latest News

Pagcor mulls pure regulator role via US$1.5bln casinos sale

Pagcor mulls pure regulator role via US$1.5bln casinos sale

Mar 21, 2023  

The Philippines is looking to raise circa PHP80 billion (US$1.47 billion) from the sale of its network of small, state-owned casinos, said on Tuesday the head of the country’s regulator the...
Read More
Macau ops getting overseas visitors via private jets: report

Macau ops getting overseas visitors via private jets:

Mar 21, 2023  

Crane gets US$1.65bln financing to support biz split

Crane gets US$1.65bln financing to support biz split

Mar 21, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”The [Macau] month-to-date run-rate represents an approximately 45-percent recovery versus pre-Covid-19 levels for headline gross gaming revenue”

DS Kim and Mufan Shi

Analysts at brokerage JP Morgan Securities



Most Popular

  • Universal Ent seeks to end SPAC deal for Okada Manila listingUniversal Ent seeks to end SPAC deal for Okada Manila… March 20, 2023
  • Macau GGR for March 1 to 19 at US$845mln: JP MorganMacau GGR for March 1 to 19 at US$845mln: JP Morgan March 20, 2023
  • Let’s Win hosts grand opening for club at Hoiana in VietnamLet’s Win hosts grand opening for club at Hoiana in… March 20, 2023
  • Macau ops getting overseas visitors via private jets: reportMacau ops getting overseas visitors via private jets: report March 21, 2023
  • SJM Holdings to sponsor Macao Golf Open for next 3 yearsSJM Holdings to sponsor Macao Golf Open for next 3 years March 21, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us