Macau-based electronic gaming machine service provider Success Dragon has issued a profit warning ahead of the release of its financial results for the six months ended 30 September 2019, flagging decreased losses compared with a loss of HK$13.5 million recorded in the same period in 2018.
Although the company didn’t provide any detail on the scope of the improvement, it pointed to the recent launch of a new money lending business and a decrease in depreciation expense as contributing to its results.
It’s been a rough few years for Success Dragon, who previously reported a21.9% decline in revenue to HK$87.8 million for the year ended 31 March 2019, although its losses narrowed considerably from HK$131.6 million to HK$38.9 million for those 12 months.
The company appointed a new Chairman, 29-year-old Ding Lei, in September following the resignation of Roy Kwan Chun Woi.
Sands China says it has negotiated a third waiver extension and amendment to the conditions…
Nagasaki says it is working on development of a workforce for its hoped-for casino resort.…
Pagcor says it now has two separate teams of officials in order to oversee respectively…
Macau said they would require more time to assess the situation regarding Covid-19 infections recorded…
After Metropolitan Assembly election, the odds of Tokyo entering the commercial gaming race only lengthened.
Casino says Macau government has asked for Hong Kong travel bubble people to be segregated.