MACAU BUSINESS Emperor Entertainment revenue drops 39 per cent on satellite casino exit E
mperor Entertainment Hotel Limited, the Hong Kong-listed owner of the Grand Emperor Hotel in Macau, reported total revenue of HK512.2million(US65.3 million) for the year ended 31 March 2026, down 39 per cent from HK837million(US106.8 million) a year earlier.
The decline followed the company’s exit from its satellite casino business, ending a service agreement with SJM Resorts, S.A. that had run since 2010. Despite the revenue fall, its net loss narrowed 90 per cent to HK24.8million(US3.2 million), from HK248.1million(US31.6 million) the previous year. Emperor Entertainment announced the results in Hong Kong on 30 June 2026.
The company and SJM mutually terminated their service agreement with effect from 31 October 2025.
From that date, the gaming area inside Grand Emperor Hotel, formerly operated as Casino Emperor Palace, ceased operations and stopped generating revenue. Gaming-related revenue fell to HK179.4million(US22.9 million), from HK505.6million(US64.5 million) a year earlier, reflecting only seven months of operation before termination. The figure comprised service income from the mass market hall and the slot machine hall. The narrower net loss was also helped by a sharp reduction in the fair value loss on investment properties, which fell to HK106.2million(US13.5 million) from HK371.7million(US47.4 million), together with a HK96.8million(US12.3 million) gain on the disposal of property, plant and equipment.
Tan Sean Czoon replaces Christopher Ip as SJM CFO T
an Sean Czoon has been appointed as the Chief Financial Officer of gaming operator SJM Holdings Limited, the company announced. Tan, who has served with Cambodia’s largest casino-hotel resort NagaCorp Limited over the past 13 years, replaces Christopher Ip, who tendered his resignation with effect from Monday, 29 June. Ip, who took office as SJM’s CFO in December 2023, “has confirmed that he has no disagreement with the Board and there is no other matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited,” SJM’s filing indicates.
Tan is described as an executive with “over 25 years of strategic business and financial management track record, gained from a Hong Kong-listed company, an international well-established investment bank and a sizeable global accounting firm”. At NagaCorp Limited, he served as Chief Financial Officer and Chief Corporate Development Officer. The statement issued by Daisy Ho, SJM Holdings Limited Chairman and Executive Director, expressed appreciation to Ip for his contribution and welcomed Tan to the new position, an appointment effective this Monday.
Wynn Resorts CEO Craig Billings joins US business leaders in meeting with China’s top diplomat
Wynn Resorts is the parent company of local gaming operator Wynn Macau Limited. Billings took part in the high-profile talks as a senior member of the US-China Business Council (USCBC), focusing on market stability and pressing issues affecting American multinational brands operating in the region. According to a statement released by the USCBC, the two sides exchanged views on market access, the local business environment, and bilateral economic cooperation. The discussions also touched upon the outcomes of the recent summit between US President Donald Trump and China’s President Xi Jinping in Beijing. The corporate delegation emphasised that a stable and predictable policy environment is crucial for long-term commercial investments, expressing hope that Washington and Beijing will continue to focus on dismantling market barriers and deepening cooperation.
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ynn Resorts Chief Executive Officer Craig Billings recently joined a high-level corporate delegation in New York for a meeting with Chinese Foreign Minister Wang Yi to discuss bilateral economic ties and trade barriers.
Gaming revenue drops 12.1 per cent year-on-year in June
acau casinos raked in MOP18.52 billion (USD2.29 billion) in gross gaming revenue (GGR) last month, marking the lowest monthly tally since September 2025, according to data released by the city’s gaming regulator.
Brokerages reported earlier that the ongoing World Cup weighed on premium mass gaming demand throughout the period.
Official figures from the Gaming Inspection and Co-ordination Bureau (DICJ) indicate that total GGR in the first half of this year reached MOP126.9 billion (USD15.71 billion), with the year-to-date growth rate slowing down to 6.8 per cent compared with the same period of 2025. The monthly average so far this year stands at MOP21.15 billion (USD2.62 billion), which remains above the MOP19.66 billion (USD2.43 billion) required to meet the government’s 2026 full-year forecast of MOP236 billion (USD29.21 billion).
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