Hong Kong-listed Emperor Entertainment Hotel Limited has announced a special dividend of HK$0.05 per share, to be paid out on June 25, 2021 to shareholders.
Last month, the company told the stock exchange it expects to record a net loss of not more than HK$190 million for the year ended March 31, 2021.
Emperor said that most of the loss was recorded in the first half of the year, suggesting the resumption of the Individual Visit Scheme in September had allowed the company to regain a lot of lost ground in the second half.
The prospect of legal sports betting in Japan has created a buzz in the global community, though industry insiders warn that Tokyo will need to do a better job on regulation than it has with casinos if the market is to reach its full multi-billion dollar potential.
For this edition of our magazine, we focus on Southeast Asia, with a particular look at the Philippines. The country’s casino industry has been among the hardest hit in Asia, with the integrated resorts in Manila’s Entertainment City having remained mostly closed to the general public since the beginning of the crisis last year.
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.