Emperor Entertainment Hotel Ltd, the operator of Macau’s Grand Emperor Hotel and its associated casino, has signed an agreement with concessionaire SJM Resorts revising the maximum amount it can be paid under Annual Caps for services rendered in 2024 and 2025.
The revised agreement follows the faster than expected recovery of Macau’s gaming and leisure market throughout 2023, which Emperor E said made itn likely the service fee receivable from SJM would be higher than originally estimated and may exceed the existing Annual Caps.
“The boards of directors of the Companies considered that the ongoing business arrangements between the Emperor E Hotel Group and SJM and the increase of the Annual Caps provide the Emperor E Hotel Group with the flexibility to receive the service fee income from SJM, in order to increase its revenue,” the company explained.
Under the revised caps, the maximum amount payable by SJM to Emperor E for the financial year ended 31 March 2024 has been increased from HK$400 million to HK$600 million (US$51 million to US$77 million), and for the year ended 31 March 2025 from HK$600 million to HK$1 billion (US$77 million to US$128 million).
For the three-month period ending 31 December 2025, the cap has been revised from HK$700 million to HK$900 million (US$90 million to US$115 million).
Grand Emperor Hotel is operated under a satellite casino agreement by Emperor E subsidiary Tin Hou Ltd.
