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

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


Former Macau satellite 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 that ended September 30th, to HK$108.6 million ($13.9 million).

Due to the expenses of the cessation of its gaming operation and the ‘tough business operating environment’, the group registered a loss of HK$155.7 million ($19.93), nearly double the HK$84 million ($10.75 million) loss from the same period of 2021.

The group previously operated a satellite casino under SJM’s gaming concession at its Grand Emperor Hotel property. In April, it announced it would be shuttering the casino due to the “gloomy” outlook for the VIP segment.

The group continues to operate its Grand Emperor Hotel and Inn Hotel Macau properties in the city.

AGBrief Editorial
AGBrief Editorial
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.