Tag Archives: Galaxy Entertainment
China – Galaxy’s 2023 GGR spikes by 322 per cent as both mass and VIP make comeback
Macau casino operator Galaxy Entertainment continue to bounce back from the pandemic generating revenue of $35.7bn in 2023, up a staggering 211 per cent year-on-year. The Group’s total GGR on a management basis in 2023 was $31.7bn, up 322 per cent year-on-year. Mass GGR was $26.5bn, up 328 per cent year-on-year. VIP GGR was $3.4bn, up…
China – Galaxy shows sequential improvement of 97 per cent in mass and 164 per cent in VIP
Macau casino operator Galaxy Entertainment posted revenue of $11.5bn, down 42 per cent year-on-year. Adjusted EBITDA was $0.6bn versus $3.5bn in 2021, leading to a loss of US$433m. The good news came in the improved performance in the fourth quarter with revenues of US$229m, up 99 per cent on the previous quarter with mass GGR…
Kina – Galaxy pada za 52 posto, a 12 dana zatvaranja uzima svoj danak
Macau’s troubles continued to weigh heavily on Galaxy Entertainment Group with net revenue down 52 per cent from last year and 16 per cent quarter-on-quarter with VIP play contributing little. Adjusted EBITDA was HK$581m versus HK$503m in Q3 2021 and HK$384m in Q2 2022. Galaxy Macau is the primary contributor to the group’s revenue and…
Kina – Galaxy se oporavio s 53 posto poboljšanja u odnosu na prethodnu godinu u 2021
Macau operator Galaxy Entertainment posted Net Revenue of $19.7bn, up 53 per cent year-on-year. Adjusted EBITDA was $3.5bn versus $1bn in 2020, which included a one-off expense reversal benefit of $0.2bn in Q4 2021. Net profit attributable to shareholders was $1.3bn versus $4bn in 2020. Galaxy Macau’s Adjusted EBITDA was $2.9bn versus $0.9bn in 2020….
Kina – SJM i Galaxy održavaju trenutne ugovore s operaterima izleta
Operateri kockarnica u Macau, SJM Holdings i Galaxy Entertainment Group potvrdili su da će poštovati svoje postojeće ugovore s operaterima izleta barem do kraja njihovih trenutnih ugovora. Morgan Stanley je rekao da bi više casino grupa moglo prekinuti svoje aranžmane s izletima. Tak Chun, drugi najveći organizator izleta u Macau, potvrdio je da neka kockarnica imaju...
Kina – Hoteli manje od polovice puni jer Galaxy pada za 23 posto
With hotel occupancy running at 45 per cent, Macau operator Galaxy Entertainment saw a dip in revenues over its third quarter by 23 per cent from the previous quarter but up 176 per cent year on year. Group Net Revenue was $4.3bn, Vs $1.6bn in Q3 2020 and $5.6bn in Q2 2021. Group Adjusted EBITDA…
Filipini – Leisure and Resorts World 'raduje se' nastavku pregovora o Boracayu s Galaxyjem
Leisure and Resorts World Corp (LRWC) rekao je da tek treba razgovarati sa svojim bivšim projektnim partnerom Galaxy Entertainmentom o ponovnom pokretanju svoje ponude za izgradnju kasino-odmarališta na filipinskom otoku za odmor Boracay. Leisure and Resorts World rekao je: "Željeli bismo pojasniti da tvrtka tek treba razgovarati s našim partnerom,...
Filipini – Galaxy u pripravnosti jer Filipini ukidaju zabranu novih kasino projekata
U neočekivanom potezu, PAGCOR, filipinski regulator igara na sreću, potvrdio je da ukida moratorij koji je uveo predsjednik Rodrigo Duterte 2018. kako bi se zabranio novi projekt kasina, te da će početi razmatrati nove aplikacije za kockarnice, uključujući one za odmor na otoku Boracayu . S vladom koja želi potaknuti gospodarstvo nakon...
Kina – Galaxy je prisiljen odgoditi otvaranje Galaxy Macau Phase 3 unatoč tome što se GGR vraća
Iako je oduševljen što su se prihodi u drugom tromjesečju oporavili, operater iz Macaua Galaxy Entertainment potvrdio je da je COVID odgodio predstavljanje Galaxy Macau Phase 3 do 2022. Tvrtka je rekla da su ograničenja pristupa radnoj snazi zbog pandemije COVID-19 uzrokovala odgodu projekta , koji će uključivati Galaxy International Convention Center, nekoliko…
