{"id":17414,"date":"2021-04-30T15:51:10","date_gmt":"2021-04-30T15:51:10","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=17414"},"modified":"2026-04-23T19:55:43","modified_gmt":"2026-04-23T22:55:43","slug":"emperor-entertainment-expects-annual-net-loss-of-us24-5m","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/emperor-entertainment-expects-annual-net-loss-of-us24-5m","title":{"rendered":"Emperor Entertainment expects annual net loss of US$24.5m"},"content":{"rendered":"\n<p>Emperor Entertainment attributed losses to travel restrictions through most of the fiscal year.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- Emperor Entertainment has announced it expects to record a\u00a0<strong>net loss of nearly HK$190m (US$24.5m)\u00a0<\/strong>for the fiscal year 2021 that ended March 31.\u00a0<\/p>\n\n\n\n<p>It said the\u00a0<strong>majority of the losses were recorded during the first half of the fiscal year\u00a0<\/strong>due to Covid-19 pandemic countermeasures and the lack of tourists.<\/p>\n\n\n\n<p>The casino operator started to see some recovery after the\u00a0<strong>resumption of China&#8217;s Individual Visit Scheme (IVS)\u00a0<\/strong>in September 2020. <strong>Revenue rose by more than 200 per cent\u00a0<\/strong>from the first half of the year.<\/p>\n\n\n\n<p>Macau operators are hopeful about this weekend&#8217;s Labour Day break as the Macao Government Tourism Office (MGTO) expects a\u00a0<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-occupancy-rate-could-reach-80-during-labour-day-break\">hotel occupancy rate<\/a>\u00a0of between\u00a0<strong>70 per cent and 80 per cent<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Emperor Entertainment attributed losses to travel restrictions through most of the fiscal year.<\/p>\n","protected":false},"author":176,"featured_media":17415,"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 anticipates a net loss of approximately HK$190m for FY2021, primarily due to COVID-19 travel restrictions impacting Macau's gaming market. The operator observed a revenue recovery in H2 2021 following the resumption of China's Individual Visit Scheme, with optimism for increased GGR during the upcoming Labour Day break.","focusai_entities":"Emperor Entertainment, Macao Government Tourism Office (MGTO)","focusai_location":"Macau, China","focusai_target_profile":"ceo_executive (0.9), operator_casino (1.0), investor_analyst (1.0), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Outlook?","query":"What is the projected GGR trajectory for Macau operators in Q2 2021, considering the Labour Day holiday performance and ongoing IVS recovery?"},{"label":"Emperor Entertainment Strategy?","query":"How is Emperor Entertainment recalibrating its operational and capital expenditure strategies to mitigate future market disruptions and optimize NGR in a post-pandemic Macau?"}],"footnotes":""},"categories":[16338,163],"tags":[23792,23907,23906],"class_list":["post-17414","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-emperor-entertainment","tag-land-based-casino","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17414","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=17414"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17414\/revisions"}],"predecessor-version":[{"id":17436,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17414\/revisions\/17436"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17415"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=17414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=17414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=17414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}