Emperor Entertainment Hotel reports strong revenue growth

Emperor Entertainment Hotel Ltd reported a 171% year-over-year revenue increase to HKD789.2 million in the 12 months ending March 31, 2024, boosted by the recovery of gaming operations at its Macau casino at Grand Emperor Hotel. The company also recorded a HKD62.8 million profit compared to a HKD128 million loss last year. Gaming revenue jumped 424% to HKD459.2 million, accounting for 58.2% of total revenue. Emperor E also operates hotels in Hong Kong. With sustained recovery in Macau, the company remains optimistic about long-term growth in the key gaming market. The board recommended a final dividend of HKD0.015 per share for the fiscal year.