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Emperor Entertainment anticipates HK$10 million net profit; marks 240% year-on-year increase

October 25, 2023 Industry Updates

In contrast to a loss of HK$190.9 million during the same period last year, Emperor Entertainment Hotel Ltd. anticipates a net profit of at least HK$10 million ($1.2 million) in the first half of this year. This upward trend might be attributed to an annual increase in total revenue of 240 percent. The recovery is being driven by an increase in visitor numbers as well as a rebound in demand for lodging and entertainment.

The operator of the Macau satellite casino expects a fair value gain on investment assets for the same length of time. It is anticipated that the business will release its full interim results by late November 2023.

The Emperor Hotel, Grand Emperor Hotel, The Unit Serviced Apartment, and Inn Hotel Macau are among the three hotels and serviced apartment collection now operated by Emperor Entertainment Hotel in Hong Kong and Macau. For a period of three years starting on January 1, 2023, Emperor Entertainment’s indirect wholly-owned subsidiary has committed to provide services including selling, marketing, publicity, management, and customer development at the Grand Emperor Hotel.

Original story by: Asia Gaming Brief

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