{"id":24117,"date":"2021-11-02T11:38:46","date_gmt":"2021-11-02T14:38:46","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=24117"},"modified":"2026-04-23T14:14:07","modified_gmt":"2026-04-23T17:14:07","slug":"ape-revenue-down-85-8-in-last-nine-months","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/ape-revenue-down-85-8-in-last-nine-months","title":{"rendered":"APE revenue down 85.8% in last nine months"},"content":{"rendered":"\n

Asia Pioneer Entertainment Holdings (APE) has shared its financial results for the nine months to September 2021, reporting an 85.8 per cent drop in revenue.<\/p>\n\n\n\n\n\n\n\n

Macau.- Gaming technology supplier Asia Pioneer Entertainment Holdings (APE) <\/strong>has reported revenue of HK$5.5m for the first nine months of the year, down 85.8 per cent when compared to 2020. However, the company’s loss has narrowed by 44.7 per cent <\/strong>from $23.5m to $13m.<\/p>\n\n\n\n

APE<\/a> attributed the drop in revenue to the Covid-19 pandemic and the impact it had on land-based casinos. Revenue for technical sales and distribution of gaming equipment plummeted 89.4 per cent year-on-year. <\/p>\n\n\n\n

The company also registered a decline of 32.2 per cent in revenue from consultancy and technical services and of 65.3 per cent in repair services. Full financial results will be shared on November 9.<\/p>\n\n\n\n

In August, APE<\/a> said that due to the Covid-19 pandemic and its impact on the industry, it was going to implement a diversification strategy <\/strong>under its SmartCom brand in the Macau Special Administrative Region, launching smart VM operations<\/strong>.<\/p>\n\n\n\n

The company said it had experience in maintaining, repairing, and operating consumer-related machines <\/strong>and that the growing smart vending machine market has potential. It said diversification into smart VM operations would help broaden and enhance the group\u2019s overall business<\/strong>.<\/p>\n\n\n\n

The group revealed it had installed three smart VMs in Macau under its SmartCom brand<\/strong> and expected more to be rolled out in the second half of 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"

Asia Pioneer Entertainment Holdings (APE) has shared its financial results for the nine months to September 2021, reporting an 85.8 per cent drop in revenue.<\/p>\n","protected":false},"author":176,"featured_media":24147,"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) reported an 85.8% revenue decline for the first nine months of 2021, primarily due to the COVID-19 pandemic's impact on Macau's land-based casino sector. Despite the significant revenue contraction, the gaming technology supplier successfully narrowed its net loss by 44.7%. In response to market headwinds, APE is implementing a diversification strategy into smart vending machine operations under its SmartCom brand.","focusai_entities":"Asia Pioneer Entertainment Holdings (APE), SmartCom","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.7), investor_analyst (0.95), supplier_vendor (0.9), journalist_researcher (0.85)","focusai_suggestions":[{"label":"SmartCom Revenue Impact?","query":"Given the continued uncertainty in Macau's land-based sector, what is the projected timeline for the SmartCom diversification strategy to materially impact APE's overall revenue and NGR?"},{"label":"B2B Supplier Performance Comparison?","query":"How does APE's reported 85.8% revenue decline compare to the broader performance of other B2B gaming equipment suppliers operating within the Macau SAR during the same period?"}],"footnotes":""},"categories":[16338,163],"tags":[8720,24048],"class_list":["post-24117","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-ape","tag-asia-pioneer-entertainment-holdings"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24117","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=24117"}],"version-history":[{"count":6,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24117\/revisions"}],"predecessor-version":[{"id":24148,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24117\/revisions\/24148"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/24147"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=24117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=24117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=24117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}