Macau gaming operator Galaxy Entertainment Group has announced a new partnership with operator Capella Hotels and Resorts to launch its first property in Macau.

The investment bank Morgan Stanley has lowered Galaxy Entertainment’s earnings forecast due to market share loss.

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

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.

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.

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.

Given Galaxy Entertainment Group's strong financial position, Jefferies expects the operator to increase its dividend payout ratio for the first half of 2024.

Galaxy Entertainment Group (GEG) has declared a pay raise for eligible team members at the Senior Manager grade and below, effective from April 1, 2024.