Kingston Financial gaming revenue up 238% in six months to Sept 30

Hong Kong-listed Kingston Financial Group, which operates the Casa Real Hotel in Macau, reported a 238 percent increase in gaming revenue for the six months ended September 30, 2021. 

Said gaming revenue reached HK$18.8 million, due mainly to an increase in the number of visitor arrivals to Macau compared to the prior-year period. 

As of September 30, 2021, the group runs 69 tables in the mass market galls, and 15 tables in VIP rooms, and 262 slot machines in electronic gaming halls. 

However, whilst the group gained in its gaming business, the group recorded an overall 99 percent fall in profit for the six months ended September 30, 2021, primarily attributable to an increase in impairment loss in its financing business. 

Said profit came in at HK$2.5 million, compared to HK$169.0 million in 2020. 

Total unaudited revenue for the group amounted to HK$913.1 million, representing a fall of 10 percent compared to the prior year period.