{"id":276,"date":"2024-06-28T11:41:45","date_gmt":"2024-06-28T08:41:45","guid":{"rendered":"https:\/\/freecashnodepositcasino.icu\/2024\/06\/28\/ete-macau-reports-significant-revenue-decline-in-first-half-of-2021\/"},"modified":"2024-06-28T11:41:45","modified_gmt":"2024-06-28T08:41:45","slug":"ete-macau-reports-significant-revenue-decline-in-first-half-of-2021","status":"publish","type":"post","link":"https:\/\/freecashnodepositcasino.icu\/2024\/06\/28\/ete-macau-reports-significant-revenue-decline-in-first-half-of-2021\/","title":{"rendered":"ETE Macau Reports Significant Revenue Decline in First Half of 2021"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/hpiD1WMA32M\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Eastern Trailblazer Entertainment (ETE Macau) encountered financial setbacks in the initial six months of 2021, though the magnitude of these losses was lessened due to reduced depreciation charges despite a significant 74.6% decline in digital gaming machine sales.<\/p>\n<p>Lower depreciation charges aided ETE Macau in mitigating its losses during the first half of the year.<\/p>\n<p>As forewarned last month, ETE&#8217;s earnings plummeted by 74.6% to a mere HK$3 million (\u00a3277,939\/\u20ac327,084\/$385,373).<\/p>\n<p>Sales of digital pool tables, which constituted $1.4 million of the total, experienced a 73.1% decrease, while sales of replacement parts for these games increased by $524,597, representing a 76.1% reduction. Furthermore, the company did not register any sales of digital gaming machines, in contrast to $2 million in sales during 2020.<\/p>\n<p>This signifies that total sales revenue amounted to $1.9 million.<\/p>\n<p>Technical support services generated an additional $408,618, reflecting a 50.1% decline, while consulting services contributed $490,071, down 20.6%. Concurrently, repair service revenue stood at $191,512, down 80.0%.<\/p>\n<p>From a geographical perspective, the majority of revenue ($2.9 million) originated from Macau, exhibiting a 55.4% decrease. Vietnam contributed $56,622, representing a decline of over 98%, while the remaining global regions contributed $71,862, down 41.4%.<\/p>\n<p>ETE Macau&#8217;s cost of goods sold reached $2.8 million, marking a 75.2% decrease from 2020. This resulted in a gross profit of $194,120, down 94.2%. <\/p>\n<p>Although APE Macau experienced a considerable reduction in income, its operational expenses only dwindled by 9.1%, reaching $9.5 million.<\/p>\n<p>Nevertheless, after subtracting financial charges, depreciation write-offs, and other deficits, APE ultimately incurred a loss of $9.4 million. This represents an improvement from the $29 million loss in 2020, which was primarily attributed to a $22.9 million depreciation write-off.<\/p>\n<p>Examining the second quarter of 2021 exclusively, APE&#8217;s revenue amounted to $990,314. This fell short of its cost of goods sold, which totaled $1.2 million, resulting in a gross deficit of $221,300.<\/p>\n<p>Following operating and other expenses, which summed up to $4.8 million, APE reported a net loss of $5.1 million.<\/p>\n<p>Sign up for the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Eastern Trailblazer Entertainment (ETE Macau) encountered financial setbacks in the initial six months of 2021, though the magnitude of these losses was lessened due to reduced depreciation charges despite a significant 74.6% decline in digital gaming machine sales. Lower depreciation charges aided ETE Macau in mitigating its losses during the first half of the year. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ETE Macau Faces Financial Setbacks in H1 2021<\/title>\n<meta name=\"description\" content=\"Eastern Trailblazer Entertainment (ETE Macau) reported a significant decline in earnings for the first half of 2021, attributed to reduced digital gaming machine sales.\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/freecashnodepositcasino.icu\/2024\/06\/28\/ete-macau-reports-significant-revenue-decline-in-first-half-of-2021\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"ETE Macau Reports Significant Revenue Decline in First Half of 2021\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Eastern Trailblazer Entertainment (ETE Macau) reported a significant decline in earnings for the first half of 2021, attributed to reduced digital gaming machine sales.\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/freecashnodepositcasino.icu\/2024\/06\/28\/ete-macau-reports-significant-revenue-decline-in-first-half-of-2021\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Stay Ahead of the Game with Our Licensed Online Casino News\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-28T08:41:45+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/freecashnodepositcasino.icu\/2024\/06\/28\/ete-macau-reports-significant-revenue-decline-in-first-half-of-2021\/\",\"url\":\"https:\/\/freecashnodepositcasino.icu\/2024\/06\/28\/ete-macau-reports-significant-revenue-decline-in-first-half-of-2021\/\",\"name\":\"ETE Macau Faces Financial Setbacks in H1 2021\",\"isPartOf\":{\"@id\":\"https:\/\/freecashnodepositcasino.icu\/#website\"},\"datePublished\":\"2024-06-28T08:41:45+00:00\",\"dateModified\":\"2024-06-28T08:41:45+00:00\",\"author\":{\"@id\":\"https:\/\/freecashnodepositcasino.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Eastern Trailblazer Entertainment (ETE Macau) reported a significant decline in earnings for the first half of 2021, attributed to reduced digital gaming machine sales.\",\"breadcrumb\":{\"@id\":\"https:\/\/freecashnodepositcasino.icu\/2024\/06\/28\/ete-macau-reports-significant-revenue-decline-in-first-half-of-2021\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/freecashnodepositcasino.icu\/2024\/06\/28\/ete-macau-reports-significant-revenue-decline-in-first-half-of-2021\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/freecashnodepositcasino.icu\/2024\/06\/28\/ete-macau-reports-significant-revenue-decline-in-first-half-of-2021\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/freecashnodepositcasino.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"ETE Macau Reports Significant Revenue Decline in First Half of 2021\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/freecashnodepositcasino.icu\/#website\",\"url\":\"https:\/\/freecashnodepositcasino.icu\/\",\"name\":\"Stay Ahead of the Game with Our Licensed Online Casino News\",\"description\":\"Stay informed and maximize your gambling experience with our fresh casino news, detailed reviews, and expert insights. 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