{"id":7743,"date":"2020-07-01T22:18:30","date_gmt":"2020-07-01T22:18:30","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=7743"},"modified":"2026-04-24T04:00:01","modified_gmt":"2026-04-24T07:00:01","slug":"kingston-sees-16-drop-in-gaming-revenue","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/kingston-sees-16-drop-in-gaming-revenue","title":{"rendered":"Kingston sees 16% drop in gaming revenue"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The operator of two hotels and casinos in Macau has reported a 13 per cent fall in overall revenue and 16% fall in gaming revenue.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Macau.- Casino operator Kingston Finance has reported a 13 per cent decline in revenue for the year ending March 31.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Total revenue for the year was HK$2.6 billion (US$339.8 million), down from HK$3 billion (US$392,1 million) in the previous year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company said the drop was mainly due to impairment losses on advances to customers in margin financing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Kingston\u2019s gaming business provides services to casinos run by Sociedade de Jogos de Macau (or SJM) at Casa Real Hotel and Grandview Hotel Macau. The firm said in its financial report that \u201cthe two casinos consistently provided solid contributions to the group\u201d.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">None the less, it stated that the Covid-19 pandemic and the consequent drop in tourism in Macau had affected operations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Revenue in its <em><strong><a href=\"https:\/\/focusgn.com\/asia-pacific\/macau-sjm-holdings-casino\">hotel and gaming businesses<\/a><\/strong><\/em> fell by around 19 per cent and 16 per cent respectively, year on year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Gaming revenue totalled HK$382.2 million (US$49.3 million), down 16 per cent from HK$457,795 in the previous year. It accounted for 68 percent of the hotel and gaming business revenue, and 15 per cent of the group\u2019s total revenue.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Kingston\u2019s Board has recommended a final dividend payment of HK1 cent per share.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The operator of two hotels and casinos in Macau has reported a 13 per cent fall in overall revenue and 16% fall in gaming revenue.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Kingston Finance, an operator of hotels and gaming services in Macau, reported a 13% decline in overall revenue and a 16% fall in gaming revenue for the year ending March 31. The company attributed the downturn primarily to impairment losses on margin financing advances and the sustained impact of the COVID-19 pandemic on Macau's tourism sector. Despite consistent contributions from its gaming services provided to SJM-operated casinos, the group's total revenue reached HK$2.6 billion, with gaming revenue at HK$382.2 million.","focusai_entities":"Kingston Finance, Sociedade de Jogos de Macau (SJM), Casa Real Hotel, Grandview Hotel Macau","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.8)","focusai_suggestions":[{"label":"Macau Market Outlook","query":"What is the projected timeline for a full recovery of Macau's tourism sector, and how might this impact Kingston Finance's future gaming and hotel revenue streams, particularly given the current regulatory environment?"},{"label":"Impairment Impact Analysis","query":"Can Kingston Finance provide further granularity on the nature and recoverability of the impairment losses on advances to customers in margin financing, and their potential future recurrence within the group's financial strategy?"}],"footnotes":""},"categories":[16338,163],"tags":[257,6942],"class_list":["post-7743","post","type-post","status-publish","format-standard","hentry","category-east-asia-news","category-finance-news","tag-macau","tag-sjm"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7743","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=7743"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7743\/revisions"}],"predecessor-version":[{"id":7766,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7743\/revisions\/7766"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=7743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=7743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=7743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}