Emperor Hotel posts solid revenue, banks on consumption sentiment

Emperor Hotel announced its 2021/22 interim results for the six months ended 30 September 2021 posting a solid 193% increase on gaming revenue.

Supported by a gradual recovery of the gaming market in Macau, Emperor E Hotel’s total revenue increased by 140.5% to HK$223.4 million for the six months ended 30 September 2021.

The Group believes that although there were a few sporadic Covid-19 outbreaks in Macau and mainland China, visitation to Macau has been picking up and the entertainment and consumption sentiments have improved.

During the Period, Emperor E Hotel’s total gaming revenue increased by 193.1% to HK$149.7 million, accounting for 67.0% (2020: 55.0%) of the total revenue. 

Amongst the gaming revenue, the income from mass market hall, VIP room and slot machines accounted for 72.5%, 21.2% and 6.3% of the gaming revenue respectively for the six months ended 30 September 2021.

Non gaming wise, with the relaxation of travel restrictions between Macau and mainland China, and in turn the increase in Macau’s gross gaming revenue, revenue from the parent group – Emperor International Holdings – hospitality segment increased by 104.5% to HK$220.5 million.

Loss for the Period attributable to the owners of the Company was narrowed to HK$84.0 million. Basic loss per share was HK$0.070 (2020: HK$0.120). 

Emperor E Hotel has declared an interim dividend of HK$0.015 per share. 

Together with the special dividend of HK$0.050 per share which was distributed in June 2021, the total dividends relevant to the Period was HK$0.065 (2020: HK$0.015) per share.