Macau and the operator behind the Grand Emperor Hotel reported unaudited financial results for six months to the end of September, showing overall corporate sales rose 1.9% year-over-year to $86.6 million.
Hong Kong-listed Emperor Entertainment Hotel is also in charge of 277-room Inn Hotel Macau and said in an official press release Monday that the company’s half-year gross profit rose 37.4% year-on-year to about $22.6 million.
Emperor Entertainment also said it operates the Emperor’s Palace Casino within the 311-room Grand Emperor Hotel, which saw its six-month gaming revenue increase by 2.4% to about $71.4 million, and that its revenue from the public market rose 22.1% to $48.3 million. But the company said VIP revenue fell 26.3% to about $20.4 million at the six-tier casino, which has 180 slots and 67 gaming tables, while total non-gaming revenue fell 0.4% to just over $15.1 million.
Macau Hotels and Casinos, a subsidiary of Macao Hotel and Casino operator Memor International Holdings Limited, used a press release (pdf) to report that six-month expenses related to 1,150 employees increased 3.5% year-on-year to about $28.7 million, while tax bills increased nearly 17.4% to $2.9 million.
Regarding the future, Emperor Entertainment said it is “optimistic” of the long-term and continued growth prospects of the local game market, judging that the “expansion of the middle class and expansion of the comprehensive transportation network” will certainly increase the number of tourists visiting Macau from mainland China.
To maintain market competitiveness, the group aims to provide a pleasant experience to large customers and provide premium services to their target audience by continuously strengthening customer segmentation and customer service improvement efforts. We will closely monitor the market in response to volatile market conditions and quickly adjust our strategies accordingly