{"id":17863,"date":"2021-05-13T15:54:27","date_gmt":"2021-05-13T15:54:27","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=17863"},"modified":"2026-04-23T19:33:52","modified_gmt":"2026-04-23T22:33:52","slug":"ape-revenue-down-15-3-in-q1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/ape-revenue-down-15-3-in-q1","title":{"rendered":"APE revenue down 15.3% in Q1"},"content":{"rendered":"\n<p>Asia Pioneer Entertainment Holdings (APE) has reported a net loss of HKD4.34m (US$558,989) for the first quarter of the year.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- Gaming technology supplier\u00a0<strong>Asia Pioneer Entertainment Holdings<\/strong>\u00a0(<a rel=\"noreferrer noopener\" target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/ape-to-record-loss-before-tax-of-us4-1m-for-2020\">APE<\/a>) has shared its financial results for the first quarter of the year, reporting a\u00a0<strong>net loss of HKD4.34m (US$558,989)<\/strong>.<\/p>\n\n\n\n<p>APE attributed the loss to a slowdown in new orders as a result of<strong>\u00a0the impact of the Covid-19 pandemic on Macau casino operators\u00a0<\/strong>due to the lack of tourists.<\/p>\n\n\n\n<p><strong>Revenue fell by 15.3 per cent\u00a0<\/strong>when compared to last year, from HKD2.4m to HKD2.0m. Income from consulting and technical services declined 57.6 per cent while\u00a0<strong>repair services were down 89.3 per cent<\/strong>.<\/p>\n\n\n\n<p>APE has announced that it has made<strong>\u00a0several purchases of vending machines<\/strong>\u00a0for its smart vending operations, which will be launched in the second quarter of 2021 as a plan to diversify its business from gaming equipment.<\/p>\n\n\n\n<p>The group is <strong>actively seeking more opportunities to enter into non-gaming related sectors<\/strong>\u00a0in Macau. It <strong>expects a mass-market player recovery\u00a0<\/strong>but it is cautious about making predictions about whether the gaming industry will recover in 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Asia Pioneer Entertainment Holdings (APE) has reported a net loss of HKD4.34m (US$558,989) for the first quarter of the year.<\/p>\n","protected":false},"author":176,"featured_media":17865,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Asia Pioneer Entertainment Holdings (APE), a gaming technology supplier, reported a Q1 net loss of HKD4.34m, attributing it to reduced orders from Macau casino operators due to the pandemic's impact on tourism. Revenue declined 15.3%, with significant drops in consulting and repair services. APE is diversifying into non-gaming sectors, launching smart vending operations in Q2 2021, while remaining cautious on the 2021 gaming market recovery despite anticipating mass-market player rebound.","focusai_entities":"Asia Pioneer Entertainment Holdings, APE","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.8), tech_data (0.7), investor_analyst (1.0), supplier_vendor (1.0), journalist_researcher (0.9)","focusai_suggestions":[{"label":"APE Diversification Strategy","query":"What specific non-gaming verticals is APE targeting in Macau, and what is the projected revenue contribution from smart vending operations in H2 2021?"},{"label":"Macau Market Recovery","query":"How does APE's cautious outlook on 2021 gaming industry recovery align with broader market intelligence regarding mass-market GGR rebound in Macau?"}],"footnotes":""},"categories":[161,16338,163],"tags":[21593,512],"class_list":["post-17863","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-news","category-east-asia-news","category-finance-news","tag-ape-macau","tag-gaming"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17863","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=17863"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17863\/revisions"}],"predecessor-version":[{"id":17883,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17863\/revisions\/17883"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17865"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=17863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=17863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=17863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}