Hong Kong-listed Emperor Entertainment Hotel Ltd reported a 38.8% decline in groupwide revenue to HK$512.2 million (US$65.3 million) in the year ended 31 March 2026, describing the fall as “inevitable” following the cessation of gaming activity at Grand Emperor in Macau in late October.
The casino at Grand Emperor, previously run under a satellite agreement with SJM Resorts, S.A., was shuttered as per the Macao SAR Government’s mandate to wind down the city’s satellite casino operations.
Despite this, Emperor E reported a narrowed loss of HK$24.8 million (US$3.16 million) in FY26 – down from HK$248.1 million (US$31.6 million) a year earlier – due to lower expenses and more favorable fair value changes of investment properties.
Aside from Grand Emperor, which still operates as a hotel, Emperor E’s assets include the Inn Hotel in Macau and three blocks of leasing apartments in Hong Kong.
Outlining its prospects for the coming year, the company stated, “While it is expected that the number of visitors to Hong Kong will continue to grow, the Hong Kong hospitality market will remain competitive. To effectively respond to visitors’ changing travel and spending patterns, the Group will closely monitor market developments and refine marketing strategies in cooperation with event organizers, catering operators and online travel agents, with an aim to maximize guest-centric innovation and customer engagements, which help unlock higher visitor spending and boost their satisfaction.”
On Macau, it added, “In view of the government’s directives and the increasing convenience of transportation networks around the globe, the Group remains optimistic about the prospects for Macau’s tourism sector. Tapping into the market opportunities arising through diversifying tourism and expanding cultural development, the Group will optimize the product offerings of entertainment and amusement facilities to enhance the hospitality experience.
“Meanwhile, the Group will actively explore opportunities arising from international events or cultural activities, which can help Macau’s evolution into a globally competitive tourism and leisure hub.”
