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China – Gaming down 34 per cent in Galaxy’s first quarter
Macau operator Galaxy Entertainment posted quarterly revenue of $13.7bn in the first quarter of 2015 with gaming revenue down by 34 per cent. Galaxy Macau delivered Adjusted EBITDA of $1.8bn, a...
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China – Galaxy Macau opens phase 2 with Broadway production
The new chapter of Galaxy Macau and Broadway Macau opened its doors witnessed by government officials, high profile dignitaries, socialites and celebrities on May 27. The resort, billed as the Most...
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China – Paradise opens slot hall at Casino Waldo
Paradise Entertainment has opened a new slot hall at Casino Waldo, featuring 139 slot machines from IGT, Aristocrat, Aruze, Aspect Gaming, Hydako and APE-Incredible Technologies. The slot machines add...
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France – Galaxy buys a stake in SBM
Macau operator Galaxy Entertainment Group is buying a stake in Monaco operator Societe des Bains de Mer et du Cercle des Etrangers a Monaco (SBM) from an independent third party, for €40m. Galaxy is...
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China – Galaxy’s revenue drops by 34 per cent in first half
Galaxy Entertainment’s first half revenue was down by 34 per cent due to what it described as ‘challenging market conditions.’ The operator, who recently opened Broadway Macau at its expanded Galaxy...
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China – April marks Macau’s 23rd month of decline amid talk of ‘stabilisation’
April’s Gross Gaming Revenues fell another 9.5 per cent in Macau, marking the 23rd consecutive month of decline as figures hit 17.341bn patacas (US$2.167bn). Despite the loss, the buzzword for...
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China – Galaxy reports best quarter in two years despite plateauing GGR
Macau casino operator Galaxy Entertainment Group reported a 28 per cent increase in third-quarter net profit, as its investment in non-gaming projects helped attract visitors. Profit for the quarter...
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Monaco – SBM and Galaxy Entertainment team up for Japan
Monte Carlo casino group Société des Bains de Mer has agreed a formal strategic partnership with Macau-based operator Galaxy Entertainment Group to work together on the development and operation of...
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China – Macau returning back to normal for Galaxy Entertainment
Macau operator Galaxy Entertainment said that following the devastating effects of Typhoons Hato and Pakhar, its business was slowly returning back to normal. It posted third quarter revenue of...
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Philippines – Galaxy to build $500m casino resort on island of Boracay
Macau casino group Galaxy Entertainment wants to open a US$500m casino resort in the central Philippine island of Boracay in partnership with Philippines-based Leisure and Resorts World Corp. Boracay...
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China – Galaxy outperforms Macau’s growth as profit surges by 67 per cent
Galaxy Entertainment has outperformed the growth of the Macau casino sector with revenues driven by record increases in mass and an improving VIP sector. The group reported full year revenue of...
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China – Galaxy buys 5.3m shares as Steve Wynn cashes out
Macau casino operator Galaxy Entertainment has bought 5.3m shares in Wynn Resorts for US$927.5m giving it a five per cent share in the company. Analysts believe that the deal strengthens Wynn’s...
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Philippines – Presidential spokesman ends confusion over Galaxy’s Boracay...
Despite being granted a casino licence by Philippine gaming regulator, Galaxy Entertainment Group (GEG) has seen its plans to build US$500m casino resort on Boracay island scuppered by Philippine...
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Philippines – Leisure and Resorts World yet to abandon Boracay dream
Leisure and Resorts World Corp (LRWC) has yet abandoned its proposed project in the Philippines with its partner Galaxy Entertainment. LRWC has refuted reports that they are researching new locations...
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Philippines – Government official rules out Boracay casino again
The confusion between the Philippines government and its gaming regulator PAGCOR has continued with the Department of Local and Interior Government now overruling PAGCOR President Alfredo Lim’s...
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China – Galaxy continues to surge in first half of 2018
Galaxy Entertainment report first half Net Revenue of $28.1bn, up 25 per cent year-on-year with EBIDTA up 34 per cent year-on-year. During 1H 2018, GEG experienced bad luck in its gaming operations...
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China – Galaxy warns that trade fall out will dent revenues
Galaxy Entertainment Group continued to enjoy growth in Macau with gross gaming revenue in the latest quarter also increasing by six per cent year-on-year, reaching $2.014bn despite the effects of...
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China – Galaxy to invest HK$1.5bn on upgrades to Galaxy Macau and StarWorld
Macau operator Galaxy Entertainment has said it will spend a further HK$1.5bn on upgrades to its two Macau casino resorts Galaxy Macau and StarWorld with significant improvements to older product...
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China – Galaxy falls by eight per cent as VIP dips in first quarter
The general downturn in VIP gaming felt across Macau has dented the revenues of Galaxy Entertainment which at an unlucky $13bn, were down eight per cent year-on-year and down eight per cent...
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China – Galaxy Macau delaying launch of Phase 3 as revenues slide
Galaxy Entertainment is delaying the first launch of Phase 3 of its flagship Cotai casino resort, Galaxy Macau with the opening set for late 2020 instead of the middle of next year as planned. Phase 3...
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