Emperor Entertainment Hotel revenue falls 18% for H1

Emperor Entertainment Hotel has reported group revenue of HK$335.6m (US$43.16m) for the first half of the 2025/2026 financial year.

This represented an 18% year-on-year fall compared with HK$407.9m.The decline was driven primarily by a 30% contraction in gaming revenue to HK$177.9m.

In contrast, revenue from hotels and leasing apartments rose 2% to HK$157.7m, supported by steady room demand and stable leasing income across the Group's Hong Kong and Macau properties.

The company posted a net loss of HK$73.1m, narrowing significantly from the HK$225.7m loss recorded in the prior year period.

The improvement came mainly from a substantial reduction in the fair value loss on investment properties which decreased to HK$68.8m compared with HK$263.9m last year. Basic loss per share was HK$0.05.

Cost of hotel and gaming operations fell 7% to HK$209.1m. Selling and marketing expenses also decreased 19% to HK$64.8m.

Administrative expenses were broadly stable at HK$63.2m. Liquidity remained solid, with cash, bank balances and deposits totalling HK$565m at period end.

Hotel and leasing performance remained resilient. Room revenue increased 15% to HK$84.9m reflecting recovering business travel and inbound tourism.

Food and beverage revenue declined 14% to HK$47.4m, while rental and other revenue dipped slightly to HK$25.4m.

In Macau, the Group continues to prepare for the cessation of gaming operations at the Grand Emperor Hotel which will take effect from October 31 2025 following the mutual termination of service agreements with SJM.

The Group said it is actively planning new entertainment and leisure facilities to broaden its revenue base and reposition the property.

Visitor arrivals to Hong Kong rose 13.5% during the period while Macau recorded a 16.2% increase. The company said it expects both markets to benefit from government initiatives to boost tourism, expand international visitor sources and improve cross border travel infrastructure.

In October 2025, Hong Kong's market regulator barred Andrew Lo from serving on the boards of LET Group and Summit Ascent after issuing an unsuitability ruling linked to attempted unauthorised asset disposals. Both companies were delisted in September 2025.