Sunday, October 13, 2024

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Emperor Entertainment to acquire Hong Kong serviced apartment building for $90M

Emperor Entertainment Hotel Ltd has announced an agreement with its parent company to acquire a serviced apartment building in Hong Kong for HK$700 million ($90 million).

Emperor Entertainment expecting 150% jump in revenue for FY24

Emperor Entertainment Hotel Ltd is expecting a reversal to profit in the fiscal year ending in March, mainly thanks to a 150 percent year-on-year jump in revenue.

Emperor Entertainment raises annual caps on service fees from SJM

Emperor Entertainment Hotel has announced an adjustment to the annual caps on the service fees it will receive from SJM Resorts.

Emperor Entertainment reports turnaround to $1.5 mln in profits in 1H23

Emperor Entertainment Hotel Ltd. ended the first half of 2023 with HK$12 million ($1.5 million) in net profits, a turnaround from the HK$190.9 million ($24.4 million) in losses reported in the same period of last year.

Emperor Entertainment expecting a return to profits in 1H23

Emperor Entertainment Hotel Ltd. is expecting to record a net profit of not less than HK$10 million ($1.2 million) in the first half of this year, a turnaround from the HK$190.9 million in losses reported in the same period of last year.

Emperor Entertainment FY23 revenue down 30%, loss narrows to $12.54 million

Emperor Entertainment Hotel Ltd. has issued the financial results for the 12 months ended March 31st, noting that the firm recorded a net loss narrowed 81 percent to HK$98.2 million ($12.54 million).

Emperor Entertainment says casino shuttering led $10.7mln loss April-Sept

Former Macau casino operator Emperor Entertainment says that the discontinuation of its gaming operation in the SAR led to its hotel revenue falling by more than half in the six months ended September 30th, to HK$108.6 million ($13.9 million).

Emperor Entertainment expects $21m loss for 3Q22

Emperor Entertainment Hotel Limited issued a note expecting a loss of not more than US$21m, almost double of last year's number.

Emperor Entertainment to shutter satellite casino amid “gloomy” VIP outlook

Emperor Entertainment said it was shuttering its satellite casino in Macau due to the “gloomy” outlook for the high-end gaming segment.

Emperor Entertainment sees boost from HK/Macau travel bubble

Emperor Entertainment Hotel says it expects a travel bubble to be launched soon between Macau and Hong Kong and plans a comprehensive marketing strategy to take advantage of its position in both cities.