Wednesday, September 28, 2022

Emperor says "incremental capacity" in Cotai affected revenue


Emperor Entertainment Hotel Ltd reported a 12.8 percent increase in profit for the six months ended September 30, 2017, reaching HK$118.6 million (US$15.2 million).

The company, which owns and operates Grand Emperor Hotel and Inn Hotel Macau, recorded revenue of HK$702.1 million in the period, down 10.5 percent year-on-year.

Emperor said the increase in profit however was mainly due to a decrease in selling and marketing expenses, as well as an exchange gain and a revaluation gain recognized during the period.

It however, added that the incremental capacity added on Cotai “inevitably affected” revenue.

The company recorded gaming revenue of HK$586.6 million from its casino in Grand Emperor Hotel, down from HK$657.6 million in 2016.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

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