Hong Kong-listed Emperor Entertainment Hotel Limited has announced a special dividend of HK$0.05 per share, to be paid out on June 25, 2021 to shareholders.

Group tour operators are bound to be rejoicing over the recent news that Macau and Hengqin are set to establish a multi-entry visa policy between the territories. According to insiders, the scheme could cause a loss to Macau hotel operations, with cheaper options right across the border.

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.

The days of extreme hotel price fluctuations in Macau are over, with the city’s hotel room inventory having experienced a double-digit increase since 2019, adding more than 7K rooms and 20 hotels in the past 4 years, allowing now a better control of price fluctuations.

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

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 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 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 is going to continue to operate a satellite casino out of its Grand Emperor Hotel property in Macau’s peninsula.

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).