Emperor Entertainment Hotel Ltd expects net loss in Macau due to travel restrictions


Source: worldcasinodirectory.com worldcasinodirectory.com

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Economy/Finance , Macau Emperor Entertainment Hotel Ltd is the operator of the Grand Emperor Hotel , a casino venue in Macau. The operator expects to see a net loss of around HKD160 million ($20.6 million) from April through September. This would be a loss from the same time frame last year. Travel Restriction Issues In a filing earlier this week within the Hong Kong Stock Exchange, the company said that the loss was mainly due to a decrease in patrons during the reporting period. This can be attributed to the COVID-19 pandemic . Travel restrictions along with quarantine requirements have...