Rich Goldman expects financial losses for the year 2021

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VIP gaming company Rich Goldman Holdings has informed its shareholders that it expects to record a narrowed loss for the financial year ended June 30, 2021 of around HK$21 million.

The loss in FY2021 is a decrease from a loss of HK$81 million in the prior year period, due primarily to a decrease in the impairment loss on properties held by the Rich Goldman group.

Absence of amortisation of intangible assets from the group’s gaming and entertainment business, and a decrease in fair value loss of the group’s investment properties among compounding factors.