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Galaxy Entertainment Group sees net revenue reach $1.1 billion in 2Q23

Galaxy Entertainment Group (GEG) announced an encouraging second quarter of 2023, with net revenue rising to HK$8.7 billion ($1.1 billion), representing a 257 percent year-on-year increase and a 23 percent quarter-on-quarter increase.

Galaxy Entertainment Group partners with DSAL on youth talent in tourism

Galaxy Entertainment Group (“GEG”) proactively supports the Macau SAR Government’s policy of “Building Macau through Talent Training” through multi- pronged approaches to support holistic development and priority employment of local talents and to contribute to the sustainable development of the integrated resort industry.

Galaxy Entertainment Group sees adjusted EBITDA reach $244mln in 1Q23

Galaxy Entertainment Group (GEG) has announced a strong first quarter of 2023, with adjusted EBITDA rising to HK$1.91 billion - $244.22 million - (reversing a loss in the previous quarter), as net revenue rose by 72 percent yearly and 142 percent quarterly to HK$7.05 billion ($901.45 million).

Macau premium mass average wagers not affected by seasonality: Citigroup

Citigroup reaffirms that Macau's gaming industry shows no signs of slowing down. Despite the decline in total wagers in the premium mass market, average wagers remain strong and unaffected by seasonality.

Galaxy Entertainment officially opens Andaz Hotel in Macau

Galaxy Entertainment Group has officially opened its new 700-room Andaz Hotel - the largest of the brand worldwide - in Macau on September 15th.

Galaxy to allow grantees to acquire a 0.09 percent share under the award scheme

Galaxy Entertainment Group (GEG) will allow certain grantees to subscribe to approximately 0.09 percent of its share capital to fulfill the requirements of the Share Award Scheme 2021.

Macau recovery continues, with Galaxy’s 2Q23 table drop 5.7 percent above 2019 levels: CBRE

The mass-led recovery in Macau is persisting, with the mass market table drop surpassing 2019 levels by 5.7 percent at the integrated resorts of Galaxy Macau in 2Q23. Additionally, the mass table win was approximately 1 percent higher than in 2Q19, according to a report by CBRE Securities.

Galaxy holds Raffles Hotel soft opening

Gaming operator Galaxy Entertainment Group has initiated the soft opening of its new Raffles Hotel hotel in Cotai today. The all/suite hotel is a partnership between Galaxy with Accor and Raffles Hotels & Resorts, and features 450 suites.

Galaxy Macau to open the world’s largest Andaz Hotel on September 15th 

Andaz Hotel, a luxury hotel part of Cotai casino resort Galaxy Macau, is planning its official opening on September 15th, following the launch of Raffles Hotel in the same integrated resorts (IR) in mid-August.

Premium mass room at Raffles records much higher average wager per player: Citigroup

Investment bank Citigroup notes Galaxy Macau Phase 3 has a "solid debut" of its premium mass room, recording a 52 percent higher average wager per player compared to pre-COVID levels.

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