Summary by Futu AI
AMBO HOLDINGS ANNOUNCED ITS ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023, WITH NET BETTING REVENUE INCREASING SIGNIFICANTLY FROM HK$60.92 BILLION IN 2022 TO HK$20059 BILLION, AN INCREASE OF 229.3%. Hotel, catering, retail, rental and other revenues also grew significantly, increasing by 191.3% from HK$6.23 billion in 2022 to HK$18.15 billion. Adjusted EBITDA went from negative HK$30.95 billion in 2022 to HK$17.27 billion. Despite the significant improvement in results, the company recorded an owners' loss of HK$20.10 billion, but a decrease from the loss of HK$77.98 billion in 2022. The Board of Directors does not recommend the distribution of any final dividend. MACAU ENTERTAINMENT AND RESORT CO., LTD. ACCOUNTED FOR 11.9% OF MACAU BETTING REVENUE IN 2023, OF WHICH CASINO TABLE BETTING REVENUE ACCOUNTED FOR 14.8% AND VIP BETTING REVENUE...Show More