Good Morning. Super premium. Ultra luxury. They’re more than just catchwords, they’re demands. And Galaxy Entertainment Group is giving high-rolling customers exactly what they want, as evidenced by 4Q25 EBITDA of nearly $550 million. The group plans to double down on the high-spending market with its recent and planned offerings to beat out competition, confident in its cash-rich position to expand beyond Macau if the right opportunity arises. Also in results, a downturn in Malaysia gaming failed to burst Genting Malaysia’s bubble, with the group still seeing threefold EBITDA growth in 4Q25, boosted by results outside of Asia.
What you need to know
- Galaxy Entertainment Group ‘played lucky’ in the fourth quarter, with adjusted EBITDA up nearly 38 percent to almost $550 million.
- Ultra-luxury and super premium the focus of Galaxy going forward, with customers becoming more demanding for high-end experiences.
- Lower gaming results at Resorts World Genting weigh on Genting Malaysia, despite threefold overall EBITDA growth.
On the radar
- Shareholders greenlight DigiPlus deal in $205M IEC subscription.
- Galaxy confident for strong 1Q26, despite slow start to CNY.
- Cambodia PM: gov’t unaware of Chen Zhi’s scam links before arrest.
- Jailed former Thai PM Thaksin eligible for parole May 10th.
- Malaysia advances esports oversight with regulator backing.
AGB Intelligence
MACAU
Galaxy ‘played lucky’ in 4Q25, boosting EBITA to $550M
The Macau market was particularly profitable for Galaxy Entertainment Group in 4Q25, with the group posting a 38 percent EBITDA increase to nearly $550 million as it ‘played lucky’. The group’s focus on premium mass and its target on ‘super premium’ appear to be paying off, as savvy customers increasingly demand ultra-luxury at the gaming table and beyond. The CNY period also proved highly profitable, despite a slow start, with strong expectations for 1Q26 results.
Industry Updates
- Melco recognized in the S&P Global Sustainability Yearbook 2026.
- Sands China boosts employee benefits, extending maternity leave to 90 days.
- BetConstruct brings AI‑driven innovation to Brazil at SBC Summit Rio 2026.
INTELLIGENCE | ASEAN | CAREERS | EVENTS
