Asia Pioneer Entertainment Holdings (APE) has revealed it expects to record an 80 per cent decline in revenue for last year.<\/p>\n\n\n\n\n\n\n\n
Macau.- Gaming technology supplier\u00a0Asia Pioneer Entertainment Holdings (APE)\u00a0<\/strong>has reported that it expects to post revenue of HK$7.6m for 2021. That would be a drop of 80 per cent year-on-year from HK$40.5m in 2020. The company attributed the drop in revenue to the impact of the Covid-19 pandemic on land-based casinos.<\/p>\n\n\n\n Revenue for the year mostly came from APE’s electronic gaming equipment business, which generated HK$7.5m. Revenue for technical sales and distribution of gaming equipment, plummeted 86.4 per cent year-on-year. Revenue from consultancy and technical services fell 27.2 per cent and repair services 38.4 per cent.\u00a0<\/p>\n\n\n\n APE’s new smart vending machines business generated nearly HK$0.15m in the year.\u00a0Last November, the company started maintaining and\u00a0repairing consumer-related machines<\/a>\u00a0after reporting an\u00a085.8 per cent drop in revenue<\/a>\u00a0for the nine months to September 2021.<\/p>\n","protected":false},"excerpt":{"rendered":" Asia Pioneer Entertainment Holdings (APE) has revealed it expects to record an 80 per cent decline in revenue for last year.<\/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) anticipates an 80% year-on-year revenue decline for 2021, projecting HK$7.6m, primarily due to the severe impact of the Covid-19 pandemic on land-based casinos in Macau. This downturn significantly affected its core electronic gaming equipment, technical sales, and consultancy services. Diversification into smart vending machines and consumer-related machine maintenance generated only marginal revenue, failing to materially offset the core business contraction.","focusai_entities":"Asia Pioneer Entertainment Holdings, APE","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.8), investor_analyst (1.0), supplier_vendor (0.85), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Diversification Strategy Efficacy?","query":"What is the projected timeline and capital allocation for APE's smart vending and consumer machine maintenance segments to achieve material revenue contribution and offset declines in core gaming equipment verticals?"},{"label":"Macau Market Recovery Impact?","query":"How does APE anticipate the evolving regulatory landscape and projected GGR recovery in Macau's land-based casino market will influence its B2B licensing and technical sales pipeline in the next 12-24 months?"}],"footnotes":""},"categories":[157,16338],"tags":[8720],"class_list":["post-28232","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-ape"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28232","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=28232"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28232\/revisions"}],"predecessor-version":[{"id":28270,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28232\/revisions\/28270"}],"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=28232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=28232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=28232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}