• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Thursday 31 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’s IP Economy

Macau’s IP Economy

Thu 31 Jul 2025 at 02:01
PAGCOR to slash license fees charged to Philippine IR operators on online gaming GGR to new low of 25%

PAGCOR’s net income up 64% to US$188 million in first six months of 2025

Wed 30 Jul 2025 at 17:05
Donaco looks inward as Lee Bug Huy named new CEO

Donaco’s Star Vegas impacted by Thai border closures in June quarter as revenue, profit falls

Wed 30 Jul 2025 at 10:32
Macau’s hotel occupancy rate reaches 89% in July

Macau’s hotel occupancy rate up 5.1 percentage points year-on-year to 89.1% through first six months of 2025

Wed 30 Jul 2025 at 05:06
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

Macau’s IP Economy

Macau’s IP Economy

by Pierce Chan
Thu 31 Jul 2025 at 02:01

As Generation Z – those born between 1995 and 2010 – gradually becomes the main force in consumption, the IP...

Keeping it local

Keeping it local

by Newsdesk
Thu 31 Jul 2025 at 01:48

Melco’s House of Dancing Water provides the company a unique opportunity to help develop and nurture local talent while enabling...

7 Deadly Sins

7 Deadly Sins

by Newsdesk
Thu 31 Jul 2025 at 00:28

Global betting company 1xBet threw a memorable party in Manila in June, featuring as brand ambassador none other than world-renowned...

10 Years Ago – Brisbane picks a winner

10 Years Ago – Brisbane picks a winner

by Newsdesk
Thu 31 Jul 2025 at 00:20

In this regular feature in IAG to celebrate 20 years covering the Asian gaming and leisure industry, we look back...

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

Related Posts

PAGCOR to slash license fees charged to Philippine IR operators on online gaming GGR to new low of 25%

PAGCOR’s net income up 64% to US$188 million in first six months of 2025

by Ben Blaschke
Wed 30 Jul 2025 at 17:05

Philippine gaming regulator PAGCOR registered net income of Php10.8 billion (US$188 million) in the first six months of 2025, up 64.3% year-on-year thanks in part to a 14% increase in revenues to Php51.8 billion (US$899 million). A day after revealing...

FBM launches eight new slot themes into Mexican casino market

FBM launches eight new slot themes into Mexican casino market

by Newsdesk
Wed 30 Jul 2025 at 15:59

Industry supplier FBM says it has launched eight new slot themes into Mexico, offering five game features and two shared jackpots. The titles are “Mystery Gems”, “Lucky Neko”, “Dragon Festival”, “Han’ei Panda”, “Dragon Jewels”, “Fruity Splash”, “Flow of Fortune” and...

Hong Kong’s Far East Consortium reports first full year gaming revenue after Australian, European acquisitions

Star says deal now “unlikely” to offload Queen’s Wharf Brisbane assets to Hong Kong partners

by Ben Blaschke
Wed 30 Jul 2025 at 13:53

A deal that would have seen Star Entertainment Group’s 50% stake in the multi-billion-dollar Queen’s Wharf Brisbane development acquired by its Hong Kong partners looks unlikely to proceed with the parties having failed to finalize necessary long-form documentation before their...

AUSTRAC launches Federal Court action against clubs giant Mounties for alleged serious and systemic non-compliance with AML laws

AUSTRAC launches Federal Court action against clubs giant Mounties for alleged serious and systemic non-compliance with AML laws

by Ben Blaschke
Wed 30 Jul 2025 at 12:55

Australian AML watchdog AUSTRAC has launched Federal Court civil penalty proceedings against one of the country’s largest clubs, Mount Pritchard District and Community Club – better known as Mounties – for alleged serious and systemic non-compliance with the country’s anti-money...

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