Thursday, May 9, 2024

Search Results

GEG presents a host of international and regional entertainment spectaculars

Galaxy Entertainment Group (“GEG”) has been proactively supporting Macau SAR Government’s directions in driving forward the “1+4” adequate diversification development strategy.

GEG to work with social services organisations to promote responsible gaming

Galaxy Entertainment Group is working with different social services organizations on the active promotion of responsible gaming.

GEG vice chairman kicks of vaccination drive with jab

In response to the Macau SAR Government’s call for the public to get vaccinated against COVID-19 and to help Macau achieve herd immunity, Galaxy Entertainment Group invited the Health Bureau to set up a vaccination point at Galaxy Macau.

GEG celebrates Galaxy Macau’s 10th Anniversary

In celebration of the 10th anniversary of the opening of its flagship property - Galaxy Macau, on May 15, GEG invited families from the Macau IC2 Association and the Love and Joy for Macau Children Association for a treasure hunt at Galaxy Macau, during which participants explored and experienced Galaxy Macau’s different world-class facilities, and enjoyed a joyous day with GEG. 

Galaxy dividend distribution displays strong financials, Phase 4 still set for 2027 opening

Galaxy Entertainment Group indicated that its recently announced dividend is to be paid out in April is a sign of the group's strong financial situation.

Macau operators’ dividend delay, deleveraging still a priority

Five out of six gaming operators in Macau are unlikely to resume dividends by 2025, though Sands China and MGM China seem to be in a better position than others, according to calculations by Morgan Stanley.

Galaxy triples marketing team amid premium mass competition

Macau gaming operator Galaxy Entertainment Group (GEG) has bolstered its marketing team amidst intensifying competition in the high-end premium mass segment, says Goldman Sachs.

Galaxy market share declined in Q4 2023 compared to pre-pandemic period – CBRE

CBRE analysts point out in a recent report that Galaxy Entertainment Group (GEG) market share in the Macau SAR gaming and hospitality sector experienced a decline in the fourth quarter of 2023 compared to the same period in 2019.

Galaxy all-in in mass and entertainment, Phase 4 to open in 2027 – CFO

The management of Galaxy Entertainment Group underlined its strong belief in the "future of mass gaming and entertainment" as the main focus sectors for the gaming operator, while confirming that the development of Galaxy Macau's Phase 4 is 'well underway' and scheduled to be completed in 2027.

Daily Asia Gaming eBrief: Galaxy 4Q23 EBITDA nears $358 million

Macau gaming operator Galaxy Entertainment Group saw strong financials in its fourth quarter of 2023, with its most recent results showing EBITDA levels reached nearly $358 million during the period. The impressive metrics led GEG to become 'the first Macau operator' to release a dividend for the period, likely to appease shareholders.