{"id":777021155,"date":"2024-12-02T09:14:14","date_gmt":"2024-12-02T12:14:14","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777021155"},"modified":"2026-04-22T03:41:59","modified_gmt":"2026-04-22T06:41:59","slug":"emperor-entertainment-posts-interim-loss-of-us22-9m-for-h1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/emperor-entertainment-posts-interim-loss-of-us22-9m-for-h1","title":{"rendered":"Emperor Entertainment posts interim loss of US$22.9m for H1"},"content":{"rendered":"\n

Gaming revenue was up 17.3 per cent at HK$253m (US$) for the first six months of the year.<\/p>\n\n\n\n\n\n\n\n

Macau.-\u00a0Emperor Entertainment Hotel\u00a0<\/strong>has shared its financial results for the first half of the year. It posted\u00a0<\/strong>an interim loss attributable to its owners of HK$177.9m (US$22.9m), compared with a net profit of HK$11.8m (US$1.52m) for the prior-year period. That’s due to a fair value loss on investment properties of HK$263.9m (US$33.96m) compared with a fair value gain of HK$1.4m (US$0.18m) a year earlier.<\/p>\n\n\n\n

Adjusted segmental earnings before interest, taxation, depreciation, and amortisation (EBITDA) were HK$99.5m (US$12.81m), most of it from Macau operations. Segmental EBITDA was up 22.8 per cent from a year earlier. Revenue rose by 9.7 per cent\u00a0year-on-year to HK$407.9m (US$52.48m).<\/p>\n\n\n\n

Gaming revenue was up 17.3 per cent year-on-year at HK$253m (US$32.56m). Hotel revenue, including from Hong Kong operations, was down 3.1 per cent to HK$129.1m (US$16.61m).\u00a0<\/p>\n\n\n\n

See also: <\/strong>Macau 2025 budget general reading approved, casino GGR forecast confirmed<\/a><\/p>\n\n\n\n

The company said: “With a signature hotel and several blocks of leasing apartment buildings located in prime areas on Hong Kong Island, particularly in light of the expanding middle class, the group believes that outbound tourism from Mainland China will continue growing and is optimistic about the sustainable long-term growth in market demand for hospitality services. In the meantime, Macau remains the world\u2019s largest gaming market and is a leading leisure and entertainment hub in Asia. It is not just popular with Mainland Chinese tourists, but also with tourists from Hong Kong and Taiwan, as well as other countries in Asia. With the support from tourism initiatives, further expansion of Mainland China\u2019s individual visit scheme and enhanced transportation infrastructure connecting to nearby cities, the group is confident regarding the outlook for market growth in Macau.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Gaming revenue was up 17.3 per cent at HK$253m (US$) 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 an interim loss of HK$177.9m, primarily due to a fair value loss on investment properties, despite a 9.7% increase in total revenue and a 17.3% rise in gaming revenue. The company remains optimistic about the long-term growth of Macau's gaming market and Hong Kong's hospitality sector, driven by Mainland Chinese tourism and infrastructure enhancements.","focusai_entities":"Emperor Entertainment Hotel","focusai_location":"Macau, Hong Kong, Mainland China, Taiwan, Asia","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Investment Property Impact","query":"What specific factors led to the significant fair value loss on investment properties, and what is the company's strategy to mitigate future volatility in this segment?"},{"label":"Macau Gaming Outlook","query":"Given the strong gaming revenue growth, what are the specific GGR projections for Emperor Entertainment Hotel's Macau operations for the full fiscal year, and how do they align with broader market forecasts?"}],"footnotes":""},"categories":[16338,163],"tags":[23792,23906],"class_list":["post-777021155","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-emperor-entertainment","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021155","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=777021155"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021155\/revisions"}],"predecessor-version":[{"id":777021165,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021155\/revisions\/777021165"}],"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=777021155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777021155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777021155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}