Yesterday, November 25, Macau-based Grand Emperor Hotel announced that it scored a 9.9% drop in revenue from gaming activities in the sixth-month period ended September 30. The hotel is home to a casino venue which is operated by the SJM Holdings Ltd., headquartered in Hong Kong.
As the local regulatory body or else known as Coordination Bureau and the Gaming Inspection reported earlier this month, the overall gaming turnover in Macau decreased 0.9% for the same six-month period.
Profits from shareholders of Emperor Entertainment Hotel Ltd. – Grand Emperor Hotel’s parent company, which based in Hong Kong, dropped by 5.3% for the past six months of this fiscal year. They amounted to HK$263.72 million. By comparison, this time last year a total of HK$278.34 million was reported.
The company also posted a decrease in its interim dividend. It was HK$0.05 per share for the above-mentioned period as compared to HK$0.06 per share, paid this time last year.
Grand Emperor’s executives commented on the numbers as being the result from “slowing credit growth and overcasting of policy-related concerns.”
The company announced an overall turnover from gaming activities adding up to HK$901.6 million for the six-month period ended September 30. This time last year, the facility generated revenue of HK$1.0 billion.
It is also important to point out that gaming constituted 85.6% of company’s entire revenue during the above-stated period.
Turnover from mass-market casino games marked a 14.1% drop to HK$671.0 million, as opposed to last year’s HK$780.8 million. The Grand Emperor’s casino venue featured 67 tables for non-VIP players during the reported six-month period. What is more, it operated the same number in 2013. Yet, a mass table won an average of HK$99,000 per day, as compared to last year’s HK$115,000 per day.
Both in 2013 and 2014, the venue offered a special room with 10 tables for its VIP players, which was and still is managed solely by the holding. The VIP facility posted a 5% decrease in rolling chip volume, which totaled HK$11.4 billion. This time last year, the amount of HK$12.0 billion was generated from VIP tables. Turnover from the room, however, marked a 7.2% increase to HK$214.6 million. By comparison, revenue of HK$200.1 million was announced in 2013.
During 2014, the casino had 200 slot machines in operation, as opposed to last year’s 267 seats.
Grand Emperor’s posted a 17.4% drop in gross win. That is, HK$36.0 million for the six-month period ended September 30 were earned. The company recorded HK$43.6 million in the end of the same period back in 2013.
Slot turnover amounted to HK$16.0 million, opposed to last year’s HK$19.2 million. And the average daily win per seat was HK$1,020. By comparison, it was HK$860 a year earlier.
