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Emperor Entertainment sees Macau gaming segment’s revenue contribution rise in FY25 just as satellite casino era nears its end

Ben Blaschke by Ben Blaschke
Tue 24 Jun 2025 at 06:50
Emperor Group to target Macau’s premium mass market after 2019 revenue decline

Grand Emperor Hotel

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Emperor Entertainment Hotel Limited, operator of Macau’s Grand Emperor Hotel, saw the share of revenue contributed to the group by its gaming segment increase to more than 60% in the year ended 31 March 2025 – just as the Macau government confirmed the cessation of all satellite casino activities by the end of the year.

According to the company’s financial results, gaming revenue grew by 10.1% to HK$505.6 million (US$64.4 million) in FY25, accounting for 60.4% of the group’s total revenue versus 58.2% in FY24. Emperor E did not comment on the looming end of its satellite operations at the end of this year other than to reiterate that it had been informed on 9 June by concessionaire SJM Resorts – under which it operates the casino at Grand Emperor – of the satellite decision.

Group-wide, Emperor E reported a 6.0% increase in total revenue to HK$837.0 million (US$107 million) in FY25, with revenue from hotels and leasing apartments remaining broadly stable at HK$331.4 million (US$42.2 million).

However, it recorded a net loss of HK$248.1 million (US$31.6 million) due to a fair value loss on investment properties amounting to HK$371.7 million (US$47.4 million). Emperor E recorded a net profit of HK$62.8 million (US$8.0 million) in FY24.

Aside from the company’s gaming operations, Emperor E runs two hotels in Macau – including at Grand Emperor – plus a number of hotels and leasing apartment blocks in Hong Kong.

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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.

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