{"id":35311,"date":"2022-11-10T14:34:41","date_gmt":"2022-11-10T17:34:41","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=35311"},"modified":"2026-04-23T03:05:16","modified_gmt":"2026-04-23T06:05:16","slug":"ape-revenue-down-27-6-in-q3","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/ape-revenue-down-27-6-in-q3","title":{"rendered":"APE revenue down 27.6% in Q3"},"content":{"rendered":"\n<p>APE&#8217;s revenue for the third quarter of the year was HK$4.02m ($512,000).<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.- Gaming technology supplier <strong>Asia Pioneer Entertainment Holdings <\/strong>(APE) has reported revenue of HK$5.55m for Q3, a drop of 27.6 per cent year-on-year. The decrease was attributed to drops in income from the technical sales and distribution segment and repair services segment of 74 per cent and 8.8 per cent respectively.<\/p>\n\n\n\n<p>APE recorded a <strong>loss of HK$13.33m (US$1.69m)<\/strong>, up 2.5 per cent when compared to last year. The company\u2019s revenue from its technical sales and distribution of electronic gaming equipment (EGE) fell from HK$3.85m to HK$998,305 when compared to the previous year. However, the company saw a 49.5 per cent increase in <strong>consultancy and technical services revenue<\/strong> to HK$2.02m (US$258,000).<\/p>\n\n\n\n<p>APE noted the Covid-19 pandemic continues to &#8220;adversely impact the operations of its customers, particularly the land-based casinos in Macau SAR. As a result, the group\u2019s performance for the Period continues to be adversely affected.&#8221;<\/p>\n\n\n\n<p>The company said it intended to diversify its business lines, looking for EGE Sales in Asia and improving operations in Smart VM Business.&nbsp;It is also restructuring to minimize costs and expenses. The group said is was confident its business activities could quickly return to pre-pandemic levels.<\/p>\n\n\n\n<p>In 2021,&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/ape-revenue-down-81-1-in-2021\" rel=\"noreferrer noopener\">APE&#8217;s revenue<\/a>&nbsp;plunged 81.1 per cent to HKD7.6m (US$975,180) due to a decrease in revenue from its electronic gaming equipment business.<\/p>\n\n\n\n<p><strong>See also:&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/ape-to-provide-services-and-technical-support-for-jade-in-macau\" rel=\"noreferrer noopener\">APE to provide services and technical support for Jade in Macau<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>APE&#8217;s revenue for the third quarter of the year was HK$4.02m ($512,000).<\/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), a gaming technology supplier, reported a 27.6% year-on-year revenue decline and an increased net loss for Q3, primarily driven by reduced technical sales and distribution. This performance is attributed to the ongoing adverse impact of the Covid-19 pandemic on Macau's land-based casinos, prompting APE to pursue business diversification and cost restructuring initiatives.","focusai_entities":"Asia Pioneer Entertainment Holdings, APE, Jade","focusai_location":"Macau, Asia","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.8), tech_data (0.7), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Diversification Strategy","query":"What specific EGE sales markets in Asia is APE targeting for diversification, and what is the projected timeline for these new revenue streams to materially impact the group's NGR?"},{"label":"Macau Market Recovery","query":"Given the continued adverse impact on Macau SAR land-based casinos, what are APE's revised projections for market recovery and its potential effect on the technical sales and distribution segment's GGR contribution?"}],"footnotes":""},"categories":[16338,163],"tags":[],"class_list":["post-35311","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/35311","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=35311"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/35311\/revisions"}],"predecessor-version":[{"id":35326,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/35311\/revisions\/35326"}],"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=35311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=35311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=35311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}