Emperor Entertainment Hotel (296), which operates satellite casinos and hotels in Macau, has announced its interim results with total revenue of HK$408 million for the six months ending September 2024. The figure represents a year-on-year increase of 9.7%. Gaming revenue rose 17.3% year-on-year to HK$253 million in the period. However, a fair value loss of HK$263 million on investment properties led the group to swing from a profit to a net loss of HK$225 million, compared to a net profit of HK$12.1 million in the same period last year. The board has decided not to declare an interim dividend.
The group stated that revenue from its hotel and rental apartments was HK$155 million, a slight year-on-year decline of 0.6%, accounting for 38% of total revenue. This included room revenue of HK$73.6 million (down from HK$79.9 million last year), food and beverage income of HK$55.3 million (up from HK$53 million last year), and rental and other income of HK$26 million (up from HK$23.3 million last year).
In terms of gaming revenue, the group noted that improving consumer sentiment and rising demand for entertainment during the period drove a 17.3% increase, reaching HK$253 million (up from HK$215 million last year), which accounted for 62% of total revenue.
Looking ahead, the group emphasized that Macau remains the world’s largest gaming market and Asia’s leading leisure and entertainment hub. It continues to attract visitors not only from mainland China but also from Hong Kong, Taiwan, and other Asian countries. Supported by tourism-related policies, the further expansion of the Individual Visit Scheme, and improved transportation infrastructure connecting neighbouring cities, the group expressed confidence in Macau’s market growth prospects.
