• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Monday 7 July 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

Macau casino ops push Emperor E Hotel back to profit in FY24

Newsdesk by Newsdesk
Tue 25 Jun 2024 at 05:49
Emperor E says back to profit in FY24 on recovery of tourism and entertainment demand
7
SHARES
186
VIEWS
Print Friendly, PDF & Email

Hong Kong-listed Emperor Entertainment Hotel Ltd has reported a 171% year-on-year increase in revenue to HK$789.2 million (US$101 million) in the 12 months to 31 March 2024, boosted the recovery of gaming operations at its Macau casino at Grand Emperor Hotel.

The company also booked a HK$62.8 million profit (US$8.0 million) profit, reversing a HK$128.0 million (US$16.4 million) loss recorded a year earlier.

The improvement came off the back of a 424% year-on-year increase in gaming revenue to HK$459.2 million (US$58.8 million), which accounted for 58.2% of the group’s total revenue.

Emperor E also operates the hotel at Grand Emperor Hotel plus four hotels and unit blocks in Hong Kong. Total revenue from its Macau operations reached HK$649.5 million (US$83.2 million), while revenue from Hong Kong reached HK$139.8 million (US$17.9 million).

Pointing to the sustained recovery of the Macau market since reopening in January 2023, Emperor E said it remains confident in its future prospects.

“Macau is the world’s largest gaming market and a leading leisure and entertainment hub in Asia. It is not just popular with Mainland Chinese tourists, but also tourists from Hong Kong and Taiwan, as well as other countries in Asia,” the company said.

“With the enhanced transportation infrastructure connecting to nearby cities and Macau’s diversified leisure offerings and distinctive attractions, the Group is optimistic about the sustainable long-term growth of the Macau market.”

The Board of Directors of Emperor E has recommended payment of a final dividend of HK$0.015 per share for FY24.

RelatedPosts

Macau GGR hits MOP$19.8 billion in August, up 6% month-on-month

Citi: Hot July start for Macau gaming revenues as concert culture maintains momentum

Mon 7 Jul 2025 at 18:50
Macau planning to ban all forms of advertising for gambling activities

Macau planning to ban all forms of advertising for gambling activities

Fri 4 Jul 2025 at 15:04
Hong Kong to launch “Southbound Travel for Guangdong Vehicles” scheme, no immediate plans for Macau

Hong Kong to launch “Southbound Travel for Guangdong Vehicles” scheme, no immediate plans for Macau

Wed 2 Jul 2025 at 18:10
Team Spirit

IAG announces Light & Wonder, Angel and Aristocrat Gaming as sponsors of Macau After Dark at Vasco – Bar & Lounge on Monday 7 July

Wed 2 Jul 2025 at 15:33
Load More
Tags: Emperor E HotelGamingGrand Emperor HotelMacaurevenue
Share3Share
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 – An inconvenient truth

Editorial – An inconvenient truth

by Ben Blaschke
Fri 27 Jun 2025 at 15:21

It’s understandable that political observers, academics and members of the public in greenfield jurisdictions would express caution around the legalization...

Light & Wonder’s Siobhan Lane

Light & Wonder’s Siobhan Lane

by Ben Blaschke
Fri 27 Jun 2025 at 15:19

Siobhan Lane, Light & Wonder’s highly experienced CEO of Gaming, speaks to Inside Asian Gaming about the company’s ongoing transformation...

Honesty is the best policy

Honesty is the best policy

by Ben Blaschke
Fri 27 Jun 2025 at 14:13

The Thailand Entertainment Complex Roundtable brought industry stakeholders, politicians and supporters of the government’s Entertainment Complex Bill face to face...

Sri Lanka’s casino industry

Sri Lanka’s casino industry

by Shaun McCamley
Fri 27 Jun 2025 at 13:36

Industry veteran Shaun McCamley delves into the complex history of Sri Lanka’s casino industry at a time when the country...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

Macau GGR hits MOP$19.8 billion in August, up 6% month-on-month

Citi: Hot July start for Macau gaming revenues as concert culture maintains momentum

by Ben Blaschke
Mon 7 Jul 2025 at 18:50

Macau’s gross gaming revenues are estimated to have reached MOP$4.3 billion for the first six days of July, implying a daily run-rate of MOP$717 million, according to a Monday note from Citigroup. This suggests July’s daily GGR is tracking 2%...

Inside Thai IRs

Thai government confirms casino bill to be withdrawn from parliamentary agenda

by Ben Blaschke
Mon 7 Jul 2025 at 18:35

The Thailand government is set to withdraw its controversial Entertainment Complex Bill from the agenda for the current session of the House, a key representative said Monday. According to local media reports, chief government whip Visuth Chainaroon confirmed that a...

DigiPlus launches US$106 million share buyback scheme

DigiPlus launches US$106 million share buyback scheme

by Newsdesk
Mon 7 Jul 2025 at 10:17

Philippine gaming technology firm DigiPlus Interactive Corp has announced the launch of a Php6 billion (US$106 million) share buyback scheme that it says highlights the company’s confidence in its long-term growth prospects. Notably, the announcement comes just days after company...

Star to open AU$3.6 billion Queen’s Wharf Brisbane development on 29 August

Star’s Hong Kong partners offer one month reprieve to complete Queen’s Wharf Brisbane deal

by Ben Blaschke
Mon 7 Jul 2025 at 08:55

A deal to offload its 50% stake in the AU$3.6 billion (US$2.4 billion) The Star Brisbane integrated resort at Queen’s Wharf is still on the table for Star Entertainment Group after revealing Monday that its Hong Kong partners have granted...



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

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

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

  • English