Former satellite casino operator Emperor Entertainment reported a sharp drop in third-quarter revenue, in what was the final quarter of operations for its satellite casino located within the Grand Emperor Hotel and managed under SJM’s concession.
The group posted revenue of HK$335.6 million (US$43.15 million) between July and September, a 21.5 percent decrease from HK$407.9 (US$52.44 million) million a year earlier, according to financial results released on Wednesday.
Gaming revenue alone fell even more steeply, down 29.7 percent from HK$253 million (US$32.53 million) in the third quarter of 2024 to HK$177.9 million (US$22.87 million) this year. Revenue from hotels and leasing apartments in Macao and Hong Kong made a modest gain, however.
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Despite the overall revenue contraction, the group’s net loss narrowed substantially to HK$73.1 million (US$9.4 million), compared with HK$225.7 million (US$29.02 million) in the same period last year. This was attributed to “substantial decrease in the fair value loss on investment properties,” which plunged from HK$263.9 million (US$33.9 million) in 2024 to just HK$68.8 million (US$8.8 million).
Emperor’s satellite casino ceased operations on 30 October as part of citywide restructuring of satellite venues. Under current rules, all satellite operations must either close or be integrated into their respective concessionaires by the end of December.
Looking ahead, the company said it was “actively planning other entertainment and amusement facilities” to broaden the Grand Emperor Hotel’s future revenue base. It noted that it remained “optimistic” about Macao’s tourism potential – citing government policies and expanding global transport links – and said it would “continue enhancing its service offerings to capture the business opportunities.”
