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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.
Galaxy Ent. expected to raise dividend payout ratio: Jefferies
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 Ent. returns to profit in 2021, announces special dividend on confidence in Macau
Galaxy Entertainment returned to profit in 2021 and announced a special dividend of HK$0.3 a share, which it says is a testament to its confidence in the future of the Macau market.
Operators resuming dividends bodes well for sustainable cash returns: JP Morgan
JP Morgan says that the surprising resumption of dividends by Macau gaming operators MGM and Wynn, the first since COVID-19, signals meaningful and sustainable cash returns ahead, with accelerating profit flow-through from ongoing demand recovery.
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 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.
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.
Galaxy results impress, with almost $358M in EBITDA in 4Q23
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.
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 remains confident in Macau long term
Galaxy Entertainment Group remains confident in Macau’s future, an interim report submitted by the company to the Hong Kong Stock Exchange noted.
