Emperor Ent flags net loss in 2021, though vastly improved H2

The Emperor Entertainment Group

The Emperor Entertainment Group on Thursday told the stock exchange it expects to record a net loss of not more than HK$190 million for the year ended March 31, 2021.

Emperor said that most of the loss was recorded in the first half of the year, suggesting the resumption of the Individual Visit Scheme in September had allowed the company to regain a lot of lost ground in the second half. 

“As a result of the resumption of Individual Visit Scheme of the mainland China to Macau in September 2020, the visitor arrivals to Macau rebounded and the suppressed entertainment demand was unlocked accordingly, and hence the Group s gaming revenue during the 2H of the Year surged by more than 200% than that of the first half of the Year which amounted to HK$51.1 million,” the company stated.

Related Articles

Emperor Entertainment extends master leasing agreement

Emperor Entertainment Hotel Limited has announced that it will continue to lease its properties to the Emperor W&J Group for an additional three years.

Emperor Entertainment reports six-month revenues down 86.3%

Emperor Entertainment, which operates the Grand Emperor Hotel and the Inn Hotel Macau, has reported revenues at nearly HK$93 million (US$12.1 million) for the April-September six-month period, a figure which was down 86.3 percent year-on-year.

Emperor Entertainment issues profit warning

Emperor Entertainment Hotel Ltd. has issued a profit warning for the six-month period ending September 30, noting that the firm expects a consolidated net loss attributable to owners of the Company of not more than HK$160 million (US$21 million).

Emperor Entertainment reports 17.2 percent decline in annual revenue

Emperor Entertainment Hotel Limited reported on Tuesday that its total revenues for the year ending March 31 were HK$1.1 billion (US$147 million), down 17.2 percent in year-on-year terms. The group also reported HK$263.9 million in profits attributable to the owners of the company, a 29 percent year-on-year fall. The financial statement observed, “During the year, […]