CEO Lawrence Ho blames poor results on effects of Covid-19 restrictions and tighter border controls.
EBITDA
CEO points to expansion of retail and F&B at Grand Lisboa Palace as investment in Macao tourism and trust in obtaining new concession.
Group claims to be in good financial shape, with total liquidity of HK$12 billion, remains confident about retendering and supporting government tourism goals.
Pandemic blamed for poor results; chief executive adopts bullish stance, pointing to strong demand once travel restrictions are eased.
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CEO Lawrence Ho hopes higher vaccination rate will lead to reduction of travel restrictions, remains positive about upcoming gaming concession tender.
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Gaming concessionaire reports mixed results for the year when it opened its new trophy property, Grand Lisboa Palace.
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