Emperor Entertainment Hotel Limited reported a profit of HKD155.7 million ($19.9 million) for the six months ended September 30, 5.3% lower than the same period last year.

In its filing at the Hong Kong Stock Exchange (HKSE), the owner of the Macau Grand Emperor Hotel said that its casino’s revenue was HKD546.7 million ($69.9 million), 6.8% lower than the same period last year.

“While VIP segment delivered stable performance, gaming concourse segment was lackluster as a result of capacity expansion in Cotai. Nevertheless, the Group strived to enhance the table yield and improve customer segmentation, which enabled the Group to mitigate, to a certain extent, the impact of heightened competition,” the report read.

Total revenue from April to September of this year was HKD665.6 million ($85.1 million), 5.2% lower year on year. Of this, gaming operations contributed HKD546.7 million ($69.9 million). Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) was HKD194.7 million ($24.9 million), of which HKD165.1 million ($21.1 million) came from gaming.