Asia Pioneer Entertainment Holdings (APE) has forecast revenue of HK$3m for the first six months of the year, down 75 per cent when compared to 2020.<\/p>\n\n\n\n\n\n\n\n
Macau.- Gaming technology supplier\u00a0Asia Pioneer Entertainment Holdings<\/strong>\u00a0(APE) has revealed it expects revenue to\u00a0decline 75 per cent year-on-year <\/strong>to HK$3m for the first half as the Covid-19 pandemic affects the group’s revenue streams.<\/p>\n\n\n\n Although the financial results of the company will be published on August 13, it has announced revenues from its main business units will all be down<\/strong>.<\/p>\n\n\n\n Technical sales and distribution of EGE products revenue is expected to be down by 79.6 per cent while\u00a0revenue from consulting and technical services will be down 40.7 per cent<\/strong>\u00a0and revenue from repair services will decrease 79.9 per cent.<\/p>\n\n\n\n In May,\u00a0APE<\/a>\u00a0reported a\u00a0net loss of HKD4.34m (US$558,989)\u00a0<\/strong>for the first quarter of the year. 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\u00a0repair services were down 89.3 per cent<\/strong>.<\/p>\n\n\n\n APE announced it had made\u00a0several purchases of vending machines<\/strong>\u00a0for its smart vending operations, which were going to be launched in the second quarter of 2021 to diversify its business from gaming equipment.<\/p>\n\n\n\n Macau GGR<\/a> for the third week of July <\/strong>was down 14 per cent when compared to the previous week<\/a>.<\/p>\n\n\n\n According to analysts, casino revenue between July 19 and 25<\/strong> was MOP257m (US$32.1m)<\/strong>, compared to MOP300m in the previous week.<\/p>\n","protected":false},"excerpt":{"rendered":" Asia Pioneer Entertainment Holdings (APE) has forecast revenue of HK$3m for the first six months of the year, down 75 per cent when compared to 2020.<\/p>\n","protected":false},"author":176,"featured_media":3353,"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, forecasts a 75% year-on-year revenue decline to HK$3m for H1 2021, attributing the downturn to the Covid-19 pandemic's impact on its core gaming equipment and services segments. The company is actively diversifying into smart vending operations to mitigate reliance on the gaming sector, amidst a broader decline in Macau's GGR.","focusai_entities":"Asia Pioneer Entertainment Holdings, APE","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.7), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (0.9)","focusai_suggestions":[{"label":"APE Diversification Impact","query":"What is the projected revenue contribution and profitability timeline for APE's smart vending operations, and how will this mitigate the dependency on the core gaming equipment segment?"},{"label":"Macau GGR Recovery","query":"Given the continued decline in Macau GGR, what are the revised analyst projections for H2 2021 and FY2022, and how might this further impact B2B suppliers like APE?"}],"footnotes":""},"categories":[16338,163],"tags":[21593,512],"class_list":["post-20768","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","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\/20768","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=20768"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/20768\/revisions"}],"predecessor-version":[{"id":20808,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/20768\/revisions\/20808"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/3353"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=20768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=20768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=20768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}