Rich Goldman Holdings Limited

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    Rich Goldman swings to loss in 19H2 on macro-woes

    Macau junket promoter Rich Goldman has announced the resumption of its VIP gaming operations in Macau as of 20 February 2020, following the mandatory casino closure of casinos earlier in the month.  On Saturday, the company issued its financial results for the six months ended December 31 2019, reporting an HK$3.3 million loss attributable to […]

    Rich Goldman issues profit warning for 19H2

    Macau junket promoter Rich Goldman Holdings has issued a profit warning for the six months ended December 31, 2019, due mainly to the impact of the China-U.S. trade war on its gaming revenue, and the drop in tourists from Hong Kong due to continued social unrest.  Rich Goldman also noted an increase in the group’s […]

    Rich Goldman posts 26.3% net profit decline

    Rich Goldman Holdings Limited posted a 26.3 percent fall in net profit for the 2019 financial year, due mainly to a decrease in the group’s gaming revenue. Said net profit reached fell to HK$91.6 million (US$11.7 million), down from HK$124.4 million.  Rich Goldman said the reduction in gaming revenue was due to the termination of […]

    Rich Goldman swings to profit, but gaming rev down

    Macau junket promoter Rich Goldman Holdings saw its net profit attributable to owners of the company reach HK$39.9 million (US$5.1 million) in the twelve months ended June 30, compared to a net loss of HK$10.2 million in the prior year. According to a filing from Rich Goldman, the increase in profit was due mainly to […]

    Rich Goldman profit down 38 pct in 17H2

    Macau junket operator Rich Goldman saw its 17H2 profit fall 38 percent to HK$24.7 million (US$31.6 million), impacted by a significant drop in revenue from its gaming business. Revenue from commission on rolling turnover fell 65 percent in the half-year to HK$48 million, compared to HK$136 million in the year before. As noted in a […]

    Rich Goldman 17H2 revenue expected to drop 50 percent

    Macau junket operator Rich Goldman Limited, formerly known as Neptune Group Limited, is expecting to record a decrease in profit for the six months ended December 31, 2017. Rich Goldman says its profit is expected to decline more than 35 percent compared to the prior year period as a result of a decline revenue of […]

    Rich Goldman swings to net profit in FY17

    VIP gaming room promoter Rich Goldman Holdings, formerly known as Neptune Group Limited, recorded net profit of HK$39.9 million for the year ended June 30, 2017, up from a net loss of HK$466.7 million recorded in the previous year. The group’s gaming revenue increased by approximately 6 percent to HK$295.5 million, attributable to improving customer […]

    Neptune rebranding gets shareholder approval

    Hong Kong-listed Neptune Group Ltd has obtained shareholder approval for its name change to “Rich Goldman Holdings Limited”. Last month, Neptune proposed the name change, saying that its current name does not reflect the diversity of businesses conducted by the group. “While the group is still engaged in its gaming business by receiving profit streams […]