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 more than 50 percent.

According to a company filing, the decline in revenue has been due to the cessation of its profit stream from its operations at The Venetian, which was terminated in August 2017.