Published
Financial

Galaxy Entertainment reports 25% revenue growth for H1

Galaxy Entertainment Group (GEG) reported a 25% year-on-year increase in net revenue to HK$28.1bn (US$3.58bn) for the first half of 2018.

Galaxy

The operator's Galaxy Macau integrated resort made up the majority of revenue, with HK$19.8bn.

StarWorld Macau was the group’s second highest contributor to revenue, making HK$6.3bn, a 28% year-on-year increase.

Broadway Macau contributed HK$273m to the group’s net revenues.

Dr. Lui Che Woo, Chairman of GEG, said: “Our balance sheet continued to be exceptionally strong and liquid.

“We are pleased to announce another special dividend of HK$0.50 per share to be paid on or about 26 October 2018. This dividend demonstrates our confidence in the future, and confirms our commitment to return capital to shareholders.”

The group reported a 34% increase in adjusted EBITDA to HK$8.6bn.

The net profit attributable to shareholders of the company went up 56% and now sits at HK$7.2bn.

GEG completed its minority investment in fellow operator Wynn Resorts, in which the group holds 4.9%, which cost US$927.5m.

Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Seminole Hard Rock Support Services
Seminole Hard Rock Support Services
Metropolitan Gaming
Holland Casino
Nederlandse Loterij
Follow Us

Facing Facts: Q1 2024 analysis from across the globe

Gambling Insider tracks the Q1 results of operators across t...

Taking Stock: A guide to sports betting operator and supplier prices

Gambling Insider tracks sports betting operator and supplier...

Tailor-made: The power of personalisation in the modern gaming industry

With insights from GR8 Tech, Greentube and the Oregon Lotter...

Sportradar and the Taiwan Sports Lottery: More offerings, greater efficiency

Danny Fok, VP of Strategic Projects at Sportradar, speaks al...