Good morning. Football briefly took the spotlight from Macau’s gaming floors, leaving Galaxy with a softer second quarter. Adjusted EBITDA fell 5 percent year-on-year to $431 million, while StarWorld’s renovation compounded the World Cup impact. The underlying result was firmer: normalized EBITDA rose 8 percent, and customer demand recovered from late July, with momentum carrying into August. Analysts were particularly encouraged by the interim dividend, which increased 29 percent and will be paid earlier than last year. Seaport described the distribution as a ‘positive surprise’, while Jefferies placed the payout ratio at 75 percent.
What you need to know
- Galaxy Entertainment saw adjusted EBITDA fall 5 percent in 2Q26, but normalized performance improved and gaming momentum recovered in August.
- Galaxy’s dividend payout exceeded 70 percent, surprising analysts, while gaming demand and market share improved after the FIFA World Cup.
On the radar
- GST provision pushes Delta Corp to $22.3M quarterly loss.
- Smart tables free supervisors to focus on service, game integrity: WDTS.
- TransAct restarts strategic review focused on the casino and gaming unit.
AGB Intelligence
RESULTS
World Cup disruption cuts Galaxy 2Q26 adjusted EBITDA by 5%
Galaxy Entertainment Group reported second-quarter adjusted EBITDA of $431 million, down 5 percent on both yearly and quarterly comparisons. Unfavourable gaming luck reduced the result by approximately $2.7 million, while normalized EBITDA rose 8 percent year-on-year. The FIFA World Cup also temporarily affected customer traffic and gaming revenue. For the first half, net revenue increased 4 percent, adjusted EBITDA rose 1 percent and attributable profit grew 1 percent.
Industry Updates
- Esports Foundation taps Shikenso for record sponsorship measurement.
- Mickaël Barzalona signs with HKJC’s World Pool as brand ambassador.
- Abelson Sports expands Asian footprint through SABA Sports partnership.
Written by
AGBrief Editorial
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.
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