Emperor Ent. interim profit up, revenue down

    Emperor Entertainment Hotel Ltd, the company behind the Grand Emperor Hotel, reported an 8.7 percent profit increase in the six months ended September 30, 2018.

    Said profit reached HK$128.9 million (US$16.5 million) in the half year.

    Revenue, however, fell approximately 5.2 percent year-on-year to HK$665.6 million, due mainly to competition in Cotai.

    Emperor Entertainment is the operator of the Grand Emperor Hotel on the Macau Peninsula, and the Inn Hotel Macau, located on Taipa Island.

    According to management, while Macau’s gaming market has exhibited growth, market share of properties located on the Macau Peninsula “has been inevitably overshadowed by the large-scale resorts in Cotai.”

    Emperor Entertainment said the effects of this was mostly felt in its mass table games segment, which saw its revenue fall from HK$350.6 million to HK$309.8 million.

    VIP revenue was HK$217.4 million, while slot machine revenue was HK$19.5 million.

    Total gaming revenue declined slightly in the half year to HK$546.7 million.