Galaxy Entertainment Group has announced a strategic partnership with Tencent’s music arm, TME Live, to co-organize ‘a vast range of exciting performances an entertainment extravaganzas, both in-venue or online’.

Analysts at Jefferies are largely in line with the Macau government’s estimates for gross gaming revenue in 2025, at $30.57 billion, a 2 percent increase from recently announced official estimates.

The return of UFC events to Macau demonstrates the city's focus in becoming as a sport event center in Asia, Kevin Kelley, Chief Operating Officer of Galaxy Entertainment Group said today.

Results, results and more results. Looking at Macau, Galaxy Entertainment Group saw strong revenue growth, rising to $1.38 billion in 3Q24. This was boosted by steady hotel occupancy, which helped boost the group’s financial performance. Moving to Singapore, Genting Singapore saw its net profit plunge by 63 percent, with less visitation and more competition from MBS. And in the Philippines, Belle Corp’s share of gaming revenue from City of Dreams Manila dropped during the first nine months of the year, but its leasing revenue from the property increased.

Macau gaming operators are intensifying their efforts to capture a larger market share by implementing various strategies to boost performance. 

Galaxy Entertainment Group (GEG) is well-positioned to 'invest heavily' in growth opportunities in Macau and potentially other jurisdictions, such as Thailand, while still returning capital to shareholders through dividends, says CBRE.

Galaxy Entertainment Group has reported a 52 percent increase in net profit for the first half of 2024, totaling over $564.7 million, on the back of a revenue increase of 37 percent yearly, to $2.76 billion.

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.

Galaxy Entertainment Group (GEG) has announced strong financial results for the fourth quarter and full year 2023, which allowed for the group to advance with dividend distribution.

Macau gaming operator Galaxy Entertainment Group (GEG) officially opened Phase 3 on Wednesday, with the goal of establishing a new cultural landmark in the gaming hub.