• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Tuesday 30 September 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

Rich Goldman issues profit warning on expected HK$18 million loss

Newsdesk by Newsdesk
Mon 8 Feb 2021 at 03:32
Amax International proposes new company name
17
SHARES
421
VIEWS
Print Friendly, PDF & Email

Hong Kong-based gaming and hotel investor Rich Goldman Holdings has issued a profit warning for the six months to 31 December 2020 on an expected HK$18 million (US$2.3 million) loss.

The company told the Hong Kong Stock Exchange on Friday that, based on the preliminary assessment of its accounts for the second half of 2020 it expects to record a loss of not less than HK$18 million, compared with a profit of around HK$18 million a year earlier.

The reasons given for the change in fortunes include the cessation in April 2020 of a long-standing agreement with a junket operator in Macau that had run eight VIP tables at SJM’s Grand Lisboa, its last remaining investment in gaming at the time before the company recently confirmed a new partnership in a VIP room at Solaire Resort & Casino in Manila.

Rich Goldman also cited a decrease in revenue from hotel operations of at least HK$2 million (US$258,000) due to the COVID-19 pandemic, impairment loss on properties held by the group of HK$12 million (US$1.5 million) and a fair value loss on investment properties of HK$6 million (US$774,000). Those losses were partially offset by a HK$5 million (US$645,000) increase in revenue from the company’s money lending business.

Audited results are due to be finalized by the end of February.

RelatedPosts

10 Years Ago – A Rough Ride on the Silk Road

10 Years Ago – A Rough Ride on the Silk Road

Tue 30 Sep 2025 at 13:32
PAGCOR funds National Bureau of Investigation in fight against illegal gambling

PAGCOR funds National Bureau of Investigation in fight against illegal gambling

Tue 30 Sep 2025 at 06:32
IEC issues profit warning on widened losses through December 2021

IEC falls to US$36 million loss in FY25 but 200% increase in gaming revenues suggests bright future for Manila IR project

Sat 27 Sep 2025 at 11:56
Philippines visitor receipts up 33% to US$4.84 billion in 1H24

Philippines visitation from South Korea, China remains suppressed in August

Fri 26 Sep 2025 at 04:51
Load More
Tags: Bloomberry Resorts Corporationcovid-19Hong Kongjunket investorManilaPhilippinesRich Goldman HoldingsSolaireVIP
Share7Share1
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – Is PAGCOR addicted to online gambling?

Editorial – Is PAGCOR addicted to online gambling?

by Ben Blaschke
Tue 30 Sep 2025 at 19:13

It was with an undoubted sense of pride that Philippine gaming regulator PAGCOR announced in August that licensed electronic games...

Fighting back

Fighting back

by Ben Blaschke
Tue 30 Sep 2025 at 18:58

Asia’s foreigner-only casinos, specifically those located in South Korea and Vietnam, were born with a natural disadvantage – one that...

Promo costs: Market share or margin?

Promo costs: Market share or margin?

by David Bonnet
Tue 30 Sep 2025 at 18:11

Former Macau gaming executive David Bonnet takes a closer look at promo delivery across the Asian gaming industry and the...

IAG EXPO 2025: A show like no other

IAG EXPO 2025: A show like no other

by Ben Blaschke
Tue 30 Sep 2025 at 17:22

Inside Asian Gaming takes a look back at IAG EXPO, which continued the tradition of excellence established in recent years...

Evolution Asia
Evolution Asia
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
NWR

Related Posts

Rising tide

Former Okada Manila chief Byron Yip joins Sands China as Executive Vice President – Strategy

by Ben Blaschke
Tue 30 Sep 2025 at 11:27

Byron Yip, the former President and COO of Philippines integrated resort Okada Manila, will join Macau concessionaire Sands China Ltd (SCL) as Executive Vice President – Strategy, Inside Asian Gaming has learned. In an internal memo seen by IAG, staff...

PAGCOR funds National Bureau of Investigation in fight against illegal gambling

PAGCOR funds National Bureau of Investigation in fight against illegal gambling

by Newsdesk
Tue 30 Sep 2025 at 06:32

Philippine gaming regulator PAGCOR said Monday it has committed Php50 million (US$860,000) to the National Bureau of Investigation (NBI) to help strengthen its operations against illegal gaming, including banned POGOs. In a statement, PAGCOR revealed that it signed a Memorandum...

We’re Back!

South Korea’s new 15-day visa-free policy for Chinese visitors officially launches

by Newsdesk
Tue 30 Sep 2025 at 06:22

South Korea officially launched on Monday its latest visa-free policy for Chinese tour groups in a further move aimed at boosting the country’s tourism sector. First announced in March, the policy is part of a pilot program that will run...

Almost 400,000 visitors enter Macau during three-day New Year’s holiday

Macau’s Public Security Police Force anticipating 1.2 million visitor arrivals during Golden Week holiday

by Pierce Chan
Mon 29 Sep 2025 at 23:24

Macau’s Public Security Police Force expects to see over 1.2 million visitors arrive during this year’s eight-day National Day Golden Week holiday. The National Day holiday will this year be combined with the Mid-Autumn Festival, resulting in a total of...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • English