Hong Kong Disneyland’s Latest Losses Blamed on Politics, Not Virus

variety.com:

The Hong Kong Disneyland theme park saw its net losses increase to $13.5 million (HK$105 million) in its last financial year.

Political unrest, rather than the coronavirus outbreak, was given the blame. The company is slow to compile its figures and the reporting period runs from October 2018 to September 2019. “Due to the social incidents in Hong Kong in the fourth quarter of FY19, HKDL’s full year revenue was at HK$6.0 billion and EBITDA fell by 17% to HK$1.1 billion, resulting in a net loss of HK$105 million,” the company said in a statement.

The political problems in Hong Kong began in June 2019 when the local government attempted to introduce an extradition law that would have eroded fundamental differences with the mainland Chinese