Macau gaming operator Galaxy Entertainment Group (GEG) officially opened Phase 3 on Wednesday, with the goal of establishing a new cultural landmark in the gaming hub.

Earnings reported by Galaxy Entertainment Group could return to to 2019 levels with the help of the now fully opened Phase 3 Galaxy Cotai expansion, brokerage Jefferies indicated

Galaxy Entertainment Group (GEG) has acknowledged that hotel capacity could become a significant constraint on Macau's long-term growth. The company is hopeful that further policy breakthroughs will facilitate the development of Hengqin, which could help alleviate some of the current limitations in the hotel sector.

Analysts at Jefferies are largely in line with the Macau government’s estimates for gross gaming revenue in 2025, at $30.57 billion, a 2 percent increase from recently announced official estimates.

Galaxy Entertainment Group, despite being one of the few debt-free casino operators in Macau, has significant potential to enhance shareholder returns by incorporating low-cost debt into its capital structure.

Macau gaming operators are intensifying their efforts to capture a larger market share by implementing various strategies to boost performance. 

Galaxy Entertainment Group had much to be happy about when announcing its first half year results. The operator saw a 52 percent uptick in profit, on the back of a gross gaming revenue tally that reached $2.57 billion. The group is now focused on ramping up its newest offerings and preparing its Phase 4 - set to be more family-focused, but including gaming. Meanwhile, Thailand continues to see a push and pull regarding its proposed IR bill, as the removal of the casino-friendly Prime Minister raises succession questions.

Galaxy Entertainment Group has reported a 52 percent increase in net profit for the first half of 2024, totaling over $564.7 million, on the back of a revenue increase of 37 percent yearly, to $2.76 billion.

Macau gaming operator Galaxy Entertainment Group (GEG) has announced strong financial results for the first quarter of 2024, with gross gaming revenue (GGR) growing by 59 percent year-on-year, $1.23 billion, a 4 percent increase compared to 4Q23.

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