• 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

Macau’s Grand Emperor Hotel op expects US$21mln 1H loss

Oct 20, 2020 Newsdesk Latest News, Macau, Top of the deck  


Macau’s Grand Emperor Hotel op expects US$21mln 1H loss

The operator of Macau casino venue the Grand Emperor Hotel says it expects a consolidated net loss of “not more than” HKD160 million (US$20.6 million) for the six months to September 30, compared to a consolidated net profit of HKD177.2 million for the same period a year earlier.

Emperor Entertainment Hotel Ltd said in a Monday filing to the Hong Kong Stock Exchange the loss would be due mainly to a “decrease of around 90 percent of the group’s gaming revenue due to a drastic decrease in the number of patrons” at the downtown Macau property during the reporting period.

That stemmed from “travel restrictions and health quarantine arrangements for inbound travellers,” 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.

Macau’s casino gross gaming revenue for the first nine months of 2020 stood at nearly MOP38.61 billion (US$4.8 billion), down 82.5 percent from the prior-year period. Investment analysts have linked that decline with local and regional travel restrictions imposed as countermeasures to Covid-19.

Only in late September did the authorities in mainland China – from where most of Macau’s visitors are drawn – fully reinstate the application process for Individual Visit Scheme visas, key routes for independent leisure trips to Macau by mainland residents. That exit visa system had been suspended in late January amid the Covid-19 crisis.

Macau’s visitor tally for full-year 2020 could see “over 90 percent” decline year-on-year, but the city would not relax “too easily” its current entry restrictions facing tourists, due to public health concerns amid the pandemic, said on Monday Maria Helena de Senna Fernandes, director of the Macao Government Tourism Office.


  • tweet
Related articles
  • China quarantine easing good signal for Macau: analysts
    China quarantine easing good signal for...

    Jun 29, 2022  

  • Covid-19 test certificate to enter Macau casinos
    Covid-19 test certificate to enter...

    Jun 27, 2022  

More news
  • Macau drops 48hr nucleic acid test for casino staff, guests
    Macau drops 48hr nucleic acid test for...

    Jun 30, 2022  

  • Universal hopes Okada Manila biz listed before Sept 30
    Universal hopes Okada Manila biz listed...

    Jun 30, 2022  


Latest News

Macau drops 48hr nucleic acid test for casino staff, guests

Macau drops 48hr nucleic acid test for casino staff, guests

Jun 30, 2022  

The Macau government announced on Thursday the cancellation of a plan for a nucleic acid test certificate requirement with 48 hour validity, for casino staff, casino customers and official visitors...
Read More
Universal hopes Okada Manila biz listed before Sept 30

Universal hopes Okada Manila biz listed before Sept 30

Jun 30, 2022  

5-casino Thai market ok says National Assembly committee

5-casino Thai market ok says National Assembly committee

Jun 30, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

"During our six years in office, we were able to record more than PHP300 billion [in revenue]"

Andrea Domingo

Chairman of the Philippines’ gaming regulator Pagcor



Most Popular

  • 5-casino Thai market ok says National Assembly committee5-casino Thai market ok says National Assembly committee June 30, 2022
  • LVS full recovery may take until 2024: Moody’sLVS full recovery may take until 2024: Moody’s June 29, 2022
  • China quarantine easing good signal for Macau: analystsChina quarantine easing good signal for Macau: analysts June 29, 2022
  • Only 2 Macau satellites closed as concessions extendedOnly 2 Macau satellites closed as concessions extended June 29, 2022
  • Macau drops 48hr nucleic acid test for casino staff, guestsMacau drops 48hr nucleic acid test for casino staff, guests June 30, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us