Hong Kong-listed junket investor Neptune Group Ltd announced yesterday that its profit attributable to equity shareholders rose 40.7 percent year-on-year to HK$282.9 million (US$36.5 million) for the year-ended June 30. Neptune said in a filing to the Hong Kong Stock Exchange that the turnover from continuing operations was HK$433.4 million, an increase of 4.5 percent from a year earlier. No final dividend will be distributed. The company’s portfolio includes 51 VIP gaming tables at three casinos in Macau, the Venetian Macao (16 tables), Sands Macao (12 tables) and StarWorld (23 tables), according to the filing. Last month, Neptune announced that it has entered into several memorandums of understanding in relation to possible investments in three new VIP rooms, located at the Grand Lisboa, MGM Macau and Wynn Macau respectively. If all those deals go ahead, Neptune’s table network will roughly double in size.
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