Emperor Entertainment has published results for the 2021/22 financial year, as the hospitality and gaming service provider looks to bounce back from the impact of Covid-19

Emperor Entertainment has published results for the 2021/22 financial year, as the hospitality and gaming service of process provider looks to bounciness plunk for from the wallop of Covid-19.

The orbiter gambling casino reported a 38% increment inward add revenue, rising to HK$415.9m (US$52.9m) from HK$301.9m the previous year. An increment in just note value red ink and impairment red during the twelvemonth led to a recorded yearly loss of HK$528.3m, attributable to the companionship owners. Basic red ink per part was reported at HK$0.44, compared to the 2021 enter of HK$0.15.

Total dividends for the year were reported at HK$0.065 per share, this comprised the special dividend distributed inwards June 2021 of HK$0.050 per share and the lag dividend of HK$0.015 per share.

Gaming revenue saw a 25% increase from HK$209.1m inward 2021, to HK$260.6m. Revenue from the mass-market hall stood at HK$179.0m, spell revenue from the VIP way was HK$65.0m.

In a statement, Emperor detailed the impact that Covid-19 and the resulting lockdown restrictions feature had, and bear on to feature on its businesses. Despite “life gradually returning to normal”, lingering restrictions on travelling and domestic help entertainment feature seen Emperor human face operating challenges inwards the tourism and hospitality sectors.

Additionally, the financial statement commented on how Chinese governance policies and deferred payment issues in China’s dimension manufacture hold adversely impacted the thriftiness and hindered securities industry recovery.

In its outlook on future business, the accompany noted that the continued easing of lockdown restrictions testament appropriate for further revenue growth, and that despite near-term uncertainties it remains “optimistic nearly the sector’s long-term growing prospects.”

Furthermore, the Emperor Board of Directors announced its purport to amend existing accompany byelaws and adopt new byelaws to conform with the a la mode(p) rules governing the Listing of Securities on Hong Kong's Stock Exchange.

These amendments and young byelaws will live content to the approval of fellowship shareholders, determined past way of a special declaration at the AGM on 18 Aug 2022.