{"id":11025,"date":"2020-10-19T21:41:51","date_gmt":"2020-10-19T21:41:51","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=11025"},"modified":"2026-04-24T00:51:39","modified_gmt":"2026-04-24T03:51:39","slug":"emperor-expects-us20m-in-net-losses","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/emperor-expects-us20m-in-net-losses","title":{"rendered":"Emperor expects US$20m in net losses"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The company attributed poor financial results to travel restrictions, which led to a 90 per cent drop in gaming revenue.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Macau.-\u00a0Emperor Entertainment Hotel has issued a profit warning in relation to its half-year financial results.\u00a0\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In a release to the Stock Exchange of Hong Kong, the company said a preliminary review of its\u00a0latest\u00a0financial information indicates it will record\u00a0a consolidated net loss attributable to owners of not more than HK$160 million (US$20.64 million) for the six months ending September 30.\u00a0\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That compares to HK$177.2 million (US$22.86 million) in net profit recorded in the same period in 2019.\u00a0\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The release said: &#8220;such net loss was mainly attributable to a significant decrease of around 90 per cent of the group\u2019s gaming revenue due to a drastic decrease in the number of patrons during the period, which was a result of the travel restrictions and health quarantine arrangements for inbound travellers against the Covid-19\u00a0pandemic.\u201d\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Interim results for the half-year period will be published in late\u00a0November.\u00a0\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In its last full year\u2019s financial\u00a0report,\u00a0the company, which operates its gaming business in association with SJM, registered a <strong><em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/emperor-international-revenue-plummets\" target=\"_blank\">17 per cent loss<\/a><\/em><\/strong> year-on-year. Total revenues fell to HK$1,143.2 million (US$147.5 million).\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company attributed poor financial results to travel restrictions, which led to a 90 per cent drop in gaming revenue.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Emperor Entertainment Hotel has issued a profit warning, projecting a consolidated net loss of up to HK$160 million for the half-year ending September 30, a significant reversal from a profit in the prior year. This substantial decline is primarily attributed to a 90% reduction in gaming revenue, directly resulting from pandemic-induced travel restrictions and health quarantine measures impacting patron volumes in Macau.","focusai_entities":"Emperor Entertainment Hotel, SJM","focusai_location":"Macau, Hong Kong","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.95), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Recovery Outlook","query":"What is the projected timeline for the recovery of GGR in Macau, considering the persistent travel restrictions and their impact on patron volumes for operators like Emperor Entertainment Hotel?"},{"label":"Operational Cost Adjustments","query":"How are Macau-based operators, including Emperor Entertainment Hotel, adjusting their operational cost structures and capital expenditure plans in response to sustained revenue declines and reduced footfall?"}],"footnotes":""},"categories":[16338,163],"tags":[23792,257],"class_list":["post-11025","post","type-post","status-publish","format-standard","hentry","category-east-asia-news","category-finance-news","tag-emperor-entertainment","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11025","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=11025"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11025\/revisions"}],"predecessor-version":[{"id":11039,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11025\/revisions\/11039"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=11025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=11025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=11025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}