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Rich Goldman mulls departure from gaming investments

Junket investor Rich Goldman reveals that it is carefully considering whether to exit from the gaming and entertainment industry, as currently, the firm’s resources are ‘focused on other business segments.’

According to the group’s annual report released on Monday, the Hong Kong-listed Rich Goldman notes that ‘the group did not generate any revenue from commission on rolling turnover of the gaming and entertainment business for the year ended 30 June 2023, while it generated that of approximately HK$1.4 million ($179,000) for the year ended 30 June 2022.’

‘In view of the changes in the business environment of the gaming and entertainment business, the group has not identified any suitable business opportunities so far and has not found any clear sign of improvement in the business environment after a year of observation.’

Rich Goldman was formerly known as Neptune Group, which operated various VIP rooms in Macau before China’s crackdown on junket business in Macau.

During the year ended 30 June 2023, the company incurred a loss attributable to the shareholder of HK$10.8 million ($1.4 million) and a total comprehensive loss attributable to the shareholder of HK$39.3 million ($5 million).

Viviana Chan
Viviana Chanhttps://agbrief.com/
Viviana Chan is an editor, interpreter, and journalist. With over a decade of experience, she writes in English, Chinese, and Portuguese. Viviana started her career in Macau-based newspapers, where she became passionate about the region's social, financial, and cultural development. Her writing focuses on the economy, emerging industries, gaming development, political affairs, and cross cultural-exchange in the business and cultural domains. She is avid for news and eager to discover and cover stories that generate public relevance.

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