Macau former satellite casino operator Emperor Entertainment has reported a significant decrease in revenue during the third quarter, the last in which it was operating its satellite casino in the SAR.
According to financials released on Wednesday, the group saw revenue hit HK$335.6 million ($43.15 million), down from HK$407.9 million ($52.44 million) in 3Q24.
Gaming revenue during the period was also down, to HK$177.9 million ($22.87 million), from HK$253 million ($32.53 million) in the same quarter of last year.
However, the group indicated that its loss was narrowed to HK$73.1 million ($9.4 million), from HK$225.7 million ($29.02 million) in 3Q24.
This comes despite the closure of the group’s satellite casino operation under SJM’s concession, which ended on October 30th. This is part of the wave of closures of Macau’s satellite casino operations, whose business much terminate or be absorbed by their gaming concession holders by December 31st of this year.
Speaking of the prospects going forward, the group indicates that ‘In view of the government’s directives and the increasing convenience of transportation networks around the globe, the Group remains optimistic about the prospects for Macau’s tourism sector, and will continue enhancing its service offerings to capture the business opportunities’.
