Emperor Entertainment’s revenues fall 17.2pct y-on-y in latest FY

Hotel and gaming group Emperor Entertainment Hotel Limited indicated in its most recent financial report published today (Tuesday) that the group’s revenue decreased by 17.2 per cent year-on-year to HK$1.1 billion (US$147.5 million) for the financial year ended March 31 2020, as gaming revenue decreased by 18.5 per cent to HK$926.8 million.

The group also reported HK$263.9 million in profits attributable to the owners of the company during the period under review, a 29 per cent year-on-year drop, with Emperor justifying the results on the Sino-US tensions and the outbreak of coronavirus disease.

Still, the group stated it maintained a ‘strong financial position’ with an aggregate of bank balances and cash, short-term bank deposits and pledged bank deposits of HK$3.5 billion

Emperor Entertainment is the gaming arm of Emperor International Holdings, which owns the Emperor Nam Van Centre, Grand Emperor Hotel and Inn Hotel Macau in the city.