• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Sunday 22 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

Macau’s Asia Pioneer Entertainment eyeing profitable year ahead after FY23 loss narrows

Newsdesk by Newsdesk
Wed 27 Mar 2024 at 06:30
Macau’s Asia Pioneer Entertainment eyeing profitable year ahead after FY23 loss narrows
31
SHARES
774
VIEWS
Print Friendly, PDF & Email

Macau-based gaming equipment distributor Asia Pioneer Entertainment (APE) reported a loss of HK$1.9 million (US$243,000) in 2023, narrowed from a HK$14.7 million (US$1.88 million) loss a year earlier. However, the company said it was profitable in the second half of the year, primarily driven by customer orders for upgrades and new machines in its electronic gaming equipment (EGE) business.

APE represents multiple suppliers across Asia, including the likes of Spintec, Konami, Jumbo and TransAct.

The company reported consolidated revenues of HK$29.7 million (US$3.8 million) in 2023, up 183% year-on-year, of which HK$27.4 million came via its EGE business. This included HK$14.0 million from the technical sales and distribution of EGEs, HK$11.8 million from consultancy and technical services and HK$1.6 million from repair services.

Its Smart Vending Machine business, launched in late 2021, generated revenue of HK$2.3 million for the year.

APE Chairman and Executive Director Allen Huie said 2023 was a year of resurgence for the company.

“While we incurred a slight loss for the whole of FY23, we were profitable by the second half of the year,” he said. “This resurgence was principally driven by customer orders for upgrades and new machines in our EGE business, as well as operating improvements in our Smart VM business.

“Going forward into 2024, we expect this resurging growth to continue. In our core EGE business, we expect customers to order new EGE machines from the Group as our machines have proven to be both profitable and reliable. In the EGE business development front, we are working with suppliers to introduce new machines and products to meet the growing demands of the mass gaming market. We expect sustainable growth for our overall EGE business.

“Strategically, the Group is continuing to seek opportunities to grow our total business. We believe Macau, as the only legal gaming venue in China, is the core driver of business opportunities for the Group. With growing tourism and mass gaming, we believe the Group can leverage off its background and experience, and profit from various business opportunities related to Macau.”

RelatedPosts

South Shore shareholders convene SGM to vote on winding up of the company

Troubled Macau hotel THE 13 said to have sold for US$51 million

Sun 22 Jun 2025 at 19:12
Businesses in Macau’s NAPE area hold joint press conference calling on government to reconsider satellite casino closures

Businesses in Macau’s NAPE area hold joint press conference calling on government to reconsider satellite casino closures

Sun 22 Jun 2025 at 18:56
Macau welcomes record 993,117 visitors during seven-day Golden Week holiday

Macau visitor arrivals up 25.3% year-on-year to 3,372,081 in May

Sun 22 Jun 2025 at 18:04
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
Load More
Tags: APEAsia Pioneer Entertainmentelectronic gaming equipmentMacauprofit
Share12Share2
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 – 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

South Shore shareholders convene SGM to vote on winding up of the company

Troubled Macau hotel THE 13 said to have sold for US$51 million

by Pierce Chan
Sun 22 Jun 2025 at 19:12

Long-troubled Macau hotel THE 13 has been purchased for HK$400 million (US$51 million), according to Hong Kong media reports. THE 13, originally envisioned as an uber-luxury hotel and casino before its construction was plagued by financial woes, was first put...

Businesses in Macau’s NAPE area hold joint press conference calling on government to reconsider satellite casino closures

Businesses in Macau’s NAPE area hold joint press conference calling on government to reconsider satellite casino closures

by Pierce Chan
Sun 22 Jun 2025 at 18:56

A number of businesses located in Macau's Zona Nova de Aterros do Porto Exterior (NAPE) held a joint press conference late Sunday calling on the government and related gaming concessionaires to suspend their decision to close the city’s satellite casinos....

Macau welcomes record 993,117 visitors during seven-day Golden Week holiday

Macau visitor arrivals up 25.3% year-on-year to 3,372,081 in May

by Pierce Chan
Sun 22 Jun 2025 at 18:04

Benefiting from the May Day Golden Week holiday, Macau recorded 3,372,081 visitors in May, representing a year-on-year increase of 25.3%. According to data from the Statistics and Census Service, the number of visitors from mainland China increased by 31.4% year-on-year...

Guiding light

Light & Wonder’s Chief Legal Officer James Sottile to retire at year’s end, Susan Dawson named as replacement

by Newsdesk
Sun 22 Jun 2025 at 17:54

Light & Wonder’s Executive Vice President, Chief Legal Officer and Corporate Secretary James Sottile will retire from the company at the end of the year, with his last day of service set for 31 December 2025. The company has announced...



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