In its financial year ended June 30
Neptune Group plunges USD 106M into the red
Macau VIP gaming promoter Neptune Group said it made a net loss of USD 106.15 M in its financial year ended June 30, having made a profit the year before.
2015-10-02
Reading time 23 seg
Macau VIP gaming promoter Neptune Group said it made a net loss of USD 106.15 M in its financial year ended June 30, having made a profit the year before.
Neptune Group told the Hong Kong Stock Exchange that its annual revenue from gaming had contracted by 33 per cent to US$ 58.2 million. The company blames what it called “the spectacular slowdown” in VIP gaming in Macau.
“The group may not resolutely continue its presence in the Macau VIP gaming industry anymore if this situation doesn’t correct itself in the coming years,” the announcement added.
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