Macau’s Grand Emperor Hotel has sold the gold bricks embedded in its lobby entrance—often dubbed the venue’s “golden pathway”—for HK$99.7 million (about US$12.8 million) on 4 February 2026, according to a Hong Kong Exchange filing by Emperor Entertainment Hotel Limited (SEHK: 296) via subsidiary Right Achieve Limited.
The company said the precious metal disposed of totalled 79kg. The buyer was Heraeus Metals Hong Kong Limited. Emperor reported a carrying value of about HK$9.4 million as of 30 September 2025 and transaction costs (transportation and purification) of roughly HK$0.1 million, implying an estimated gain of about HK$90.2 million.
Emperor said it plans to refresh the area and reposition the property with additional “entertainment and amusement facilities,” adding that higher bullion prices created an attractive window to sell. It also cited expected savings in ongoing security and insurance costs associated with holding high-value precious metals on-site.
For operators tracking Macau’s post-concession reshuffle, the timing is notable. Grand Emperor’s satellite casino Emperor Palace ceased operations on 30 October 2025 amid the sector’s restructuring of satellite arrangements, increasing pressure on smaller venues to recycle capital and lean harder into non-gaming revenue.
The disposal is classified as a “major transaction” under Hong Kong Listing Rules (with applicable ratios above 25% but below 75%), triggering circular and shareholder-approval requirements. Emperor said it obtained written approval from its controlling shareholder (over 50% voting rights) instead of holding a general meeting, and expects to dispatch the circular by 2 March 2026.
