Emperor Entertainment Hotel narrowed its net loss by 90 percent for the year ended March 31st, 2026, after exiting its casino business in Macau.Â
The Hong Kong-listed hospitality group posted a net loss of HK$24.8 million ($3.2 million), down from HK$248.1 million ($31.8 million) a year earlier.
The gaming area at Grand Emperor Hotel ceased operations on October 31st, 2025, after the company and SJM Resorts, S.A. agreed to terminate their service agreement early. No gaming revenue was recognized after that date, and gaming revenue for the full year fell to HK$179.4 million ($23 million), down from HK$505.6 million ($64.8 million).
Total revenue fell to HK$512.2 million ($65.7 million) for the year, compared with HK$837.0 million ($107.3 million) in the prior year. Revenue from hotels and leasing apartments held broadly steady at HK$332.8 million ($42.7 million), against HK$331.4 million ($42.5 million) previously, and accounted for 65.0 percent of total revenue, up from 39.6 percent a year earlier.
The narrower net loss was driven largely by a smaller fair value loss on investment properties, which fell to HK$106.2 million ($13.6 million) from HK$371.7 million ($47.7 million) in the prior year. Basic loss per share was HK$0.01, compared with HK$0.16 a year earlier.
Following the gaming closure, the group’s headcount fell to 349 employees as of March 31st, 2026, from 659 a year earlier, with total staff costs dropping to HK$212.4 million ($27.2 million) from HK$325.1 million ($41.7 million).
The group’s remaining portfolio includes the Emperor Hotel and three leasing apartment blocks under “The Unit” in Hong Kong, along with Grand Emperor Hotel and Inn Hotel in Macau.
The board did not recommend a final dividend for the year. The company said it is exploring alternative entertainment and amusement offerings at Grand Emperor Hotel to broaden its revenue base following the exit from gaming.
