Net profit fell 75 per cent to CNY27 billion ($3.8 billion), hit by a loss of CNY6.7 billion on investments and other items, with total revenue increasing 7 per cent to CNY155.2 billion.
President Martin Lau noted after initial concerns about proposed gaming rules, regulators explained the draft was to provide a healthy environment for growing the industry rather than constraining the industry and as a result it was actually very encouraged by the supportive measures.
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