China Star profit up 46 percent in 15H1 to $21.7 million

China Star Entertainment Ltd., an investment holding company engaged in hotel and gaming services, announced that profit for the six months ended 30 June 2015 amounted to HK$168.5 million ($21.7 million), up 46 percent year-on-year.

The figure compares to profit of HK$115.1 million in the prior corresponding period. 

The company said the increase was mainly attributable to, among other things, a year-on-year increase in other revenue to approximately HK$43.2 million from HK$16.3 million, which mainly included an increase in loan interest income. 

The company’s hotel and gaming service operations include the Hotel Lan Kwai Fong Macau, which presents a total of 209 guest rooms, a casino in the ground, first and 18th floor, and restaurants. 

The group had shared revenue and segment profit of approximately HK$467.4 million and HK$56.5 million from its hotel and gaming service operations, a decrease of 22 percent and 56 percent, respectively.

“Mass market table gaming operations are more profitable than VIP rooms table gaming operations and thus Casino LKF had spent resources to expand its market share in the mass market table gaming operations and targeted the high end customers in the mass market table gaming in years before.”