Gaming revenue was up 700 per cent at HK$215.6m (US$27.6m) for the first six months of the year.<\/p>\n\n\n\n\n\n\n\n
Macau.-\u00a0<\/span>Emperor Entertainment Hotel\u00a0<\/strong>has shared its financial results for the first half of the year. It posted a net profit of HK$12m (US$1.5m)<\/strong>, compared to a HK$190.9m (US$24.4m) loss in the same period of last year.<\/span> Revenue rose by 242.5 per cent<\/span> year-on-year to HK$371.8m (US$47.6m). <\/p>\n\n\n\n Gaming revenue was up 784.4 per cent year-on-year at HK$371.8m (US$27.6m). Hotels and serviced apartments grew by 85.5 per cent to HK$156.2m (US$20m).<\/span> Adjusted segmental earnings before interest, taxation, depreciation, and amortisation were HK$81.1m, an improvement from negative HK$105.7m last year.<\/span><\/p>\n\n\n\n The group attributed the turnaround to the resurgence in visitor arrivals after the reopening of borders between Hong Kong and Macau.<\/span> Emperor Entertainment Hotel manages a portfolio of hotels and serviced apartments in Hong Kong and Macau: The Emperor Hotel, The Unit Serviced Apartment, Grand Emperor Hotel, and Inn Hotel Macau.<\/span><\/p>\n\n\n\n An indirect wholly-owned subsidiary of Emperor Entertainment has a three-year contract with SJM. The terms cover a range of services, including sales, promotion, publicity, management and customer development at the Grand Emperor Hotel.<\/span><\/p>\n\n\n\n In 2022, <\/span>Emperor Entertainment<\/span><\/a> reported that revenue was down 30 per cent <\/span>year-on-year<\/span><\/a> to HK$291m (US$37.2m). Gaming revenue was down 66.3 per cent to HK$87.7m (US$11.2m).<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" Gaming revenue was up 700 per cent at HK$215.6m (US$27.6m) for the first six months of the year.<\/p>\n","protected":false},"author":176,"featured_media":18309,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Emperor Entertainment Hotel reported a significant financial turnaround for H1, achieving a net profit of HK$12m compared to a substantial loss in the prior year. This recovery was driven by a 242.5% year-on-year increase in total revenue to HK$371.8m, with gaming revenue specifically surging 700% to HK$215.6m. The positive performance is primarily attributed to the resurgence of visitor arrivals following the reopening of borders between Hong Kong and Macau, indicating a robust market rebound.","focusai_entities":"Emperor Entertainment Hotel, SJM, The Emperor Hotel, The Unit Serviced Apartment, Grand Emperor Hotel, Inn Hotel Macau","focusai_location":"Macau, Hong Kong","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Macau GGR Outlook","query":"What is Emperor Entertainment Hotel's projected Gross Gaming Revenue (GGR) contribution from the Grand Emperor Hotel for H2, considering the current visitation trends and the SJM contract terms?"},{"label":"Diversification Strategy","query":"How does Emperor Entertainment Hotel plan to leverage its non-gaming hospitality assets to mitigate future gaming revenue volatility, and what is the long-term strategy for its B2B contract with SJM?"}],"footnotes":""},"categories":[16338,163,158],"tags":[23792],"class_list":["post-777011508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","category-slider-home","tag-emperor-entertainment"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011508","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=777011508"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011508\/revisions"}],"predecessor-version":[{"id":777011535,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011508\/revisions\/777011535"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18309"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777011508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777011508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777011508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}