In the report for the investors, Kingston Financial Group publicly announced its financial results for the third quarter of 2017. In the report they show lost in year-on-year revenue from gaming operations in Macau, gaming operations fell down nearly 3% to HK$225.86m for a period of six months, finishing in September 2017.
Despite this fall in casino and gambling operations, numbers from its hotel operations are increasing. The group’s hotel segment produces an 11% year-on-year increase in revenue, in total approximately HK$96.33m.
With gaming license of Sociedade de Jogos de Macau, the group operates Casa Real Hotel and Grandview Hotel Macau.
In an announcement, the company said: “The two casinos continued to provide solid contributions to the group. The accessibility of Macau is seen as improving, as the Hong Kong-Zhuhai-Macau Bridge is expected to commence operation in 2018, which could increase the traffic flow and accessibility significantly.”
For a period of six months to September, the group’s turnover in total increased by 17% - HK$1.61bn, with profit to the owners of the company moving upward to 22% to HK$908.88m in the year-on-year report, mostly to the increase in financial gain from margin and IPO financing business.