{"id":777002698,"date":"2023-02-23T13:08:54","date_gmt":"2023-02-23T16:08:54","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777002698"},"modified":"2026-04-23T00:22:24","modified_gmt":"2026-04-23T03:22:24","slug":"rich-goldman-expects-to-post-us2-29m-loss-for-h2","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/rich-goldman-expects-to-post-us2-29m-loss-for-h2","title":{"rendered":"Rich Goldman expects to post US$2.29m loss for H2"},"content":{"rendered":"\n<p>Part of the loss is due to foreign exchange differences.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Hong Kong.- Junket promoter&nbsp;<strong>Rich Goldman Holdings<\/strong>&nbsp;has announced that it expects to record a loss attributable to owners of at least HK$18m (US$2.29m) for the six months ended December 31, 2022. That&#8217;s despite a 66 per cent year-on-year increase in revenue from HK$27m to HK$45m and a record profit of approximately HK$79,000, up from HK$4m a year earlier.<\/p>\n\n\n\n<p>According to Rich Goldman&#8217;s filing, the loss is primarily due to foreign exchange differences resulting from the conversion of the group&#8217;s operations from Renminbi to Hong Kong dollars.&nbsp;This net loss on foreign exchange differences is a non-cash accounting procedure under Hong Kong Financial Reporting Standards.<\/p>\n\n\n\n<p>The interim results are scheduled to be released by the end of February.<\/p>\n\n\n\n<p><strong>See also:<\/strong>&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/andy-lin-chuen-chow-steps-down-as-rich-goldman-chairman\" rel=\"noreferrer noopener\">Andy Lin Chuen Chow steps down as Rich Goldman chairman<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Part of the loss is due to foreign exchange differences.<\/p>\n","protected":false},"author":176,"featured_media":27875,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Junket promoter Rich Goldman Holdings anticipates a net loss of at least HK$18m for H2 2022, primarily attributed to non-cash foreign exchange differences from Renminbi to Hong Kong dollar conversions, despite a 66% year-on-year revenue increase to HK$45m. This financial outcome highlights the impact of currency volatility on iGaming sector B2B entities.","focusai_entities":"Rich Goldman Holdings, Andy Lin Chuen Chow","focusai_location":"Hong Kong","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.8), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"FX Impact Mitigation","query":"What specific hedging strategies or operational adjustments is Rich Goldman Holdings implementing to mitigate future foreign exchange volatility risks on its Renminbi-denominated operations?"},{"label":"Junket Sector Outlook","query":"How does Rich Goldman Holdings' anticipated loss, despite revenue growth, reflect the broader financial health and operational challenges within the Macau\/Hong Kong junket sector, particularly concerning VIP segment recovery?"}],"footnotes":""},"categories":[16338,163],"tags":[],"class_list":["post-777002698","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\/777002698","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=777002698"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002698\/revisions"}],"predecessor-version":[{"id":777002723,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777002698\/revisions\/777002723"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/27875"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777002698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777002698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777002698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}