• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Friday 20 June 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
  • 中文
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
  • 中文
No Result
View All Result
IAG
No Result
View All Result

Asia Pioneer Entertainment says EGE orders returning after falling to US$1.9 million loss in 2022

Ben Blaschke by Ben Blaschke
Tue 28 Mar 2023 at 04:34
Asia Pioneer Entertainment keeping up the pace in challenging times
8
SHARES
194
VIEWS
Print Friendly, PDF & Email

Macau-based casino equipment supplier Asia Pioneer Entertainment Holdings Ltd (APE) has reported a net loss of HK$14.7 million (US$1.9 million) for the 12 months ended 31 December 2022, narrowing a HK$23.1 million (US$2.9 million) loss in 2021 due to increased revenue and reduced expenses.

Releasing its FY22 financial results overnight, APE said its group-wide revenue grew by 37.7% year-on-year to HK$10.5 million (US$1.3 million), of which HK$9.6 million (US$1.2 million) came from the electronic gaming equipment (EGE) business.

This included revenue from the technical sales and distribution of EGE of HK$6.1 million (US$777,000), up 21.2% year-on-year, while the consultancy and technical services segment saw revenue rise by 67.9% to HK$3.0 million (US$38,000). Repair services contributed HK$500,000 (US$64,000), down 28.8%.

Assessing the performance of its EGE business, APE described 2022 as “a year of survival” due to a dearth of EGE orders from casinos in Macau and elsewhere.

“During this period, many of our EGE suppliers and competitors closed or have left Macau. We chose instead to continue engaging our casino customers and work actively with our suppliers despite a lack of EGE orders,” said APE Chairman and Executive Director Allen Huie Tat Yan.

“We believe that our presence and loyalty will serve us well when business turns around. As we end the Year and start 2023, we are beginning to see some lights at the end of the dark tunnel. Several casinos in Macau have started to ask us for quotations for new EGE orders.”

APE’s Smart Vending Machine business, launched in 2021 and selling various Macau-sourced products, generated revenue of HK$900,000 (US$115,000) in 2022 with a segment loss of HK$450,000 (US$57,000). The company said it installed 28 vending machines and 19 customized coffee machines in Macau in 2022, plus four vending machines and one customized coffee machine in Zhuhai.

Huie said that APE “did not perform well” in 2022, but explained, “While not excusing losses, management has taken proactive action to make the company leaner, more sustainable, and better prepared for a turnaround post-COVID.

“For the coming year, the group’s uncompromising focus is to drive the company back to profitability. We are beginning to see light at the end of the tunnel.”

RelatedPosts

China’s Ambassador to the United States Xie Feng Meets with Wynn CEO Craig Billings

China’s Ambassador to the United States Xie Feng Meets with Wynn CEO Craig Billings

Thu 19 Jun 2025 at 19:54
Landmark chair says satellite casino closures have already led to lease terminations in surrounding area

Landmark chair says satellite casino closures have already led to lease terminations in surrounding area

Wed 18 Jun 2025 at 14:07
Malaysia’s Resorts World Genting shuts two of its three casinos

Genting tops gaming companies on 2025 Fortune Southeast Asia 500 list, Bloomberry and DigiPlus on the move

Wed 18 Jun 2025 at 06:21
Macau GGR hits MOP$19.8 billion in August, up 6% month-on-month

Three Macau concessionaires hold job fairs for displaced satellite casino employees

Tue 17 Jun 2025 at 19:35
Load More
Tags: Asia Pioneer Entertainmentelectronic gaming equipmentMacaurevenue
Share3Share1
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – Foreigner-only casinos: Seize the day

Editorial – Foreigner-only casinos: Seize the day

by Ben Blaschke
Thu 29 May 2025 at 13:38

I was recently asked by someone working at a foreigner-only casino for my thoughts on the outlook for the Asian...

On the brink

On the brink

by Pierce Chan
Thu 29 May 2025 at 13:27

The transition period for Macau’s 11 satellite casinos is set to expire at the end of this year, after which...

A moral defense of gambling

A moral defense of gambling

by Andrew Russell
Wed 28 May 2025 at 18:19

Economist Andrew Russell explores the differences between community benefit and in-principle arguments for the existence of a legal gambling industry...

Face to face

Face to face

by Ben Blaschke
Wed 28 May 2025 at 18:08

Konami caught the eye at the recent G2E Asia show in Macau with its SYNK Vision Tables, which utilize facial...

Evolution Asia
Aristocrat
GLI
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

China’s Ambassador to the United States Xie Feng Meets with Wynn CEO Craig Billings

China’s Ambassador to the United States Xie Feng Meets with Wynn CEO Craig Billings

by Newsdesk
Thu 19 Jun 2025 at 19:54

Wynn Resorts CEO Craig Billings met this week with the Chinese Ambassador to the United States, Xie Feng, to discuss topics including China’s economic development and Sino–U.S. economic and trade relations. The Chinese Embassy in the United States released details...

1xBet reviews DreamLeague Season 26 esports tournament results

1xBet reviews DreamLeague Season 26 esports tournament results

by Newsdesk
Thu 19 Jun 2025 at 12:50

From 19 May to 1 June , the prestigious Tier 1 Dota 2 tournament was held online, boasting a solid prize pool of US$1 million. It was also the last ESL event before the start of the 2025 Esports World...

PAGCOR’s Alejandro Tengco

New luxury hotel with VIP gaming to be built at Manila’s Newport World Resorts as parent AGI outlines latest capital investments

by Ben Blaschke
Thu 19 Jun 2025 at 12:29

Philippine conglomerate Alliance Global Group (AGI) has announced it will allocate approximately Php5 billion (US$87.2 million) over the next year for expansion projects under its gaming and leisure subsidiary, Travellers International. This includes the development of a new luxury hotel...

FBM hosts “A Drop of Blood is a Gift of Life” blood donation drive in the Philippines

FBM hosts “A Drop of Blood is a Gift of Life” blood donation drive in the Philippines

by Newsdesk
Thu 19 Jun 2025 at 06:16

FBM Foundation – the charitable arm of gaming supplier FBM – celebrated World Blood Donor Day on 14 June by hosting a blood donation drive in Pasig City, Philippines, in partnership with Philippine Red Cross. The blood drive, titled “A...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

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

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
  • 中文
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English