Main Event Entertainment Group's (MEEG) losses grew more than fourfold in the April second quarter to $45 million as the company cut costs to reflect the challenging events market.

Management largely protected revenue, which hit $261 million, down 15 per cent year on year. Losses continued over the six months, reflecting the lingering effects of Hurricane Melissa last October. The storm reduced consumer spending and also brought higher costs.

"Like most, we are trying to navigate a difficult environment. We are, however, optimistic that if weather permits, the second half of the year might improve," chairman Ian Blair told the Financial Gleaner.