Hong Kong-listed Emperor Entertainment Hotel Ltd has reported a narrowed loss of HK$84 million for the six months to 30 September 2021, aided by a 193% increase in gaming revenue at Macau’s Grand Emperor Hotel to HK$149.7 million.
The six-month loss was narrowed from a loss of HK$141.8 million in the same period last year due to higher Macau visitation, prompting improved resultd across all gaming segments.
Emperor E said revenue from the 67 tables in Grand Emperor’s mass market hall grew 191.9% year-on-year to HK$108.6 million, with average win per table per day of HK$15,600 versus HK$5,300 in 2020.
Its self-managed VIP room, with 10 tables, saw revenue rise 427% to HK$31.6 million while the property’s 180 slot machines booked a 20.3% increase in revenue to HK$9.5 million.
Revenue from the group’s hotels and serviced apartments, which include Grand Emperor and the Inn Hotel in Macau plus The Unit and MORI MORI in Hong Kong, grew 76.3% to HK$73.7 million.
Emperor E said it remains positive about its prospects heading into 2022.
“With the Group now strategically owning several hotels and serviced apartments in Hong Kong and Macau, it will be able to adopt a comprehensive marketing strategy for its hospitality business as a whole and deliver unparalleled services to travellers visiting both these cities,” it said.
“As soon as the travel restrictions and health quarantine measures across borders within the Greater Bay area are eased, the Group expects that visitation and spending will rebound afterwards, resulting in a boost to the tourism industry in Macau and Hong Kong altogether. The Group strives to stay competitive in the marketplace and anticipates reaping the greatest possible benefits when the market revives.”
