Imperial Pacific chalks $514.56M H1 revenue

Imperial Pacific International Holdings is enjoying a robust revenue for the first half of the year, thanks to its small temporary Saipan casino which generated more profit than Melco Crown Entertainment, operator of four large casino complexes in Macau and Manila.

The HongKong-listed casino operator reported a half-year revenue ofHK$3.99 billion (US$ 514.56 million), 95.7 percent of its revenue coming from Best Sunshine Live casino and resort in Saipan.

Profit for the period was HK$837.3 million Hong Kong dollars ($108 million) compared to a loss of HKD168.8 million (US$ 21.77 million) in the corresponding period of last year.

In a filing before the HongKong Stock Exchange, the firm stated: “The turnaround from loss to profit is mainly attributable to the gaming profit generated by the temporary casino which launched its grand opening on November 27, 2015.”