{"id":777000436,"date":"2022-11-25T12:35:03","date_gmt":"2022-11-25T15:35:03","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777000436"},"modified":"2026-04-23T02:37:02","modified_gmt":"2026-04-23T05:37:02","slug":"kingston-posts-loss-of-us2-67m-for-april-to-september","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/kingston-posts-loss-of-us2-67m-for-april-to-september","title":{"rendered":"Kingston posts loss of US$2.67m for April to September"},"content":{"rendered":"\n<p>Kingston Financial has published its financial results for the six months ending September 30.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Macau.-&nbsp;<strong>Kingston Financial Group&nbsp;<\/strong>has reported a loss of HK$20.91m (US$2.67m) for the six months ending September 30. That compares to positive HK$18.76m (US$2.4m) in <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/kingston-financial-revenue-up-238-between-april-and-september\" target=\"_blank\">the same period last year<\/a>. The company&#8217;s gaming segment recorded negative EBITDA of HK$43.44m (US$5.56m), an increase from the negative HK$42.81m (US$5.48m) in the same period of 2021.<\/p>\n\n\n\n<p>Regarding the group&#8217;s activities in Macau, Kingston noted that it was uncertain when the negative impact on tourism and gaming in Macau would end. Kingston Financial Group <strong>operates 69 gaming tables and 262 slot machines<\/strong> in mass market halls. The company reported that it had no VIP tables because its <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-golden-group-terminates-vip-gaming-operations\" target=\"_blank\">VIP room closed in February 2022<\/a>. Previous to the closure, it had 15 VIP tables.<\/p>\n\n\n\n<p>In June,&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/kingston-group-satellite-casinos-to-continue-operating-until-year-end\" rel=\"noreferrer noopener\">the company reached an agreement with SJM Holdings<\/a>&nbsp;to extend its operation of Casa Real Casino and the Grandview Casino until December 31 this year. It is uncertain whether the casinos will continue to operate under the new concession, which is expected to take effect on January 1, 2023.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kingston Financial has published its financial results for the six months ending September 30.<\/p>\n","protected":false},"author":176,"featured_media":24981,"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 Financial Group reported a HK$20.91m loss for the six months ending September 30, with its gaming segment recording negative EBITDA of HK$43.44m, reflecting the challenging tourism and gaming environment in Macau. The company's operational future for Casa Real and Grandview Casinos beyond December 31 remains uncertain, pending new concession agreements.","focusai_entities":"Kingston Financial Group, SJM Holdings","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.75), compliance_legal (0.7), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau Concession Impact","query":"What specific provisions within Macau's new gaming concession framework are creating operational uncertainty for non-concessionaire operators like Kingston Financial Group, particularly concerning their existing gaming verticals?"},{"label":"Operational Viability Analysis","query":"Given the sustained negative EBITDA in its gaming segment and the closure of VIP operations, what is Kingston Financial Group's long-term strategy for achieving profitability and operational viability in the Macau mass market segment?"}],"footnotes":""},"categories":[16338,163],"tags":[23906],"class_list":["post-777000436","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777000436","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=777000436"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777000436\/revisions"}],"predecessor-version":[{"id":777000473,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777000436\/revisions\/777000473"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/24981"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777000436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777000436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777000436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}