{"id":777012703,"date":"2024-01-29T10:11:52","date_gmt":"2024-01-29T13:11:52","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777012703"},"modified":"2026-04-22T13:34:53","modified_gmt":"2026-04-22T16:34:53","slug":"emperor-entertainment-hotel-inks-increased-service-fee-deal-with-sjm","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/emperor-entertainment-hotel-inks-increased-service-fee-deal-with-sjm","title":{"rendered":"Emperor Entertainment Hotel inks increased service fee deal with SJM"},"content":{"rendered":"\n

The deal follows strong growth in visitor arrivals to Macau.<\/p>\n\n\n\n\n\n\n\n

Macau.-\u00a0Emperor Entertainment Hotel\u00a0<\/strong>has announced that it will increase the maximum amount it can receive from SJM<\/strong> for the service fee associated with the Grand Emperor Hotel.\u00a0In a stock filing to the Hong Kong stock exchange on Thursday (January 25), the company said the revised annual cap was in response to rise in visitor arrivals and GGR<\/strong>.<\/p>\n\n\n\n

For the financial year concluding on March 31, 2024, Emperor Entertainment Hotel has announced a rise in the annual cap for the service fee from HK$400m to HK$600m. The maximum payable by SJM for the next financial year, terminating on March 31, 2025, has been raised from HK$600m to HK$1bn.\u00a0The annual cap has been raised from HK$700m to HK$900m for the nine-month period ending December, 31, 2025.<\/p>\n\n\n\n

The company disclosed that, for the nine months concluding December 31, 2023, the transaction amount of service fees had exceeded 85 per cent of the existing annual cap for current financial year.<\/p>\n\n\n\n

Macau registered\u00a028.2m visitor arrivals in 2023<\/a>, with a daily average of circa 77,000 tourists. This figure was up 394.9 per cent year-on-year and was equivalent to 70 per cent of pre-pandemic 2019 levels.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

The deal follows strong growth in visitor arrivals to Macau.<\/p>\n","protected":false},"author":176,"featured_media":12151,"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 has announced a significant increase in the maximum service fee it can receive from SJM for the Grand Emperor Hotel, driven by robust growth in Macau's visitor arrivals and Gross Gaming Revenue (GGR). The revised annual caps will rise from HK$400m to HK$600m for the financial year ending March 31, 2024, and further to HK$1bn for the subsequent year, reflecting strong market recovery and increased transaction volumes.","focusai_entities":"Emperor Entertainment Hotel, SJM, Grand Emperor Hotel","focusai_location":"Macau, Hong Kong","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.85)","focusai_suggestions":[{"label":"Impact on SJM's NGR?","query":"How will the increased service fee caps impact SJM's Net Gaming Revenue (NGR) and overall profitability margins for the Grand Emperor Hotel segment in the upcoming fiscal years?"},{"label":"Macau market recovery?","query":"What are the projected GGR and visitor arrival growth rates for Macau in 2024 and 2025, and how do these revised service fee caps align with broader market recovery expectations?"}],"footnotes":""},"categories":[157,16338],"tags":[23792,23108],"class_list":["post-777012703","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-emperor-entertainment","tag-sjm-holdings"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012703","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=777012703"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012703\/revisions"}],"predecessor-version":[{"id":777012735,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777012703\/revisions\/777012735"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/12151"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777012703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777012703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777012703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}