Tag Archives: Galaxy Entretenimento
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…
China – Galaxy cai 52 por cento com 12 dias de fechamento cobrando seu preço
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…
China – Galaxy se recupera com melhoria anual de 53% em 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….
China – SJM e Galaxy manterão acordos atuais com operadoras de junket
Os operadores de casino de Macau SJM Holdings e Galaxy Entertainment Group confirmaram que honrarão os seus acordos existentes com os operadores de junket pelo menos até ao final dos seus acordos actuais. O Morgan Stanley disse que mais grupos de cassinos poderiam encerrar seus acordos com junkets. Tak Chun, o segundo maior operador de junket em Macau, confirmou que alguns casinos…
China – Hotels less than half full as Galaxy falls by 23 per cent
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…
Filipinas – Leisure and Resorts World 'ansiosa' pela retomada das negociações de Boracay com o Galaxy
A Leisure and Resorts World Corp (LRWC) disse que ainda não conversou com seu ex-parceiro de projeto Galaxy Entertainment sobre o relançamento de sua oferta para construir um resort-cassino na ilha de férias filipina de Boracay. Leisure and Resorts World disse: “Gostaríamos de esclarecer que a empresa ainda não conversou com nosso parceiro,…
Filipinas – Galaxy em alerta enquanto Filipinas suspende proibição de novos projetos de cassino
Num movimento inesperado, a PAGCOR, o regulador de jogos das Filipinas, confirmou que está a levantar a moratória introduzida pelo presidente Rodrigo Duterte em 2018 para proibir novos projetos de casino, e que começará a analisar novas aplicações para casinos, incluindo qualquer para a ilha de férias Boracay. . Com o governo interessado em impulsionar a economia após o…
China – Galaxy forçado a adiar a abertura da Fase 3 do Galaxy Macau, apesar da recuperação do GGR
Embora satisfeita com a recuperação das receitas do segundo trimestre, a operadora de Macau Galaxy Entertainment confirmou que a COVID adiou a inauguração do Galaxy Macau Fase 3 até 2022. A empresa disse que as limitações no acesso à força de trabalho devido à pandemia de COVID-19 causaram o atraso no projecto. , que incluirá o Galaxy International Convention Center, vários…
