International edition
September 21, 2021

Net profit for 2010 was US$ 115 million

Galaxy’s full-year net profit drop 18 %

(Macau).- Galaxy Entertainment Group reported an 18 % drop in full-year net profit and announced net profit for 2010 of HK$898 million (US$ 115 million), compared with a market forecast of HK$1.2 billion (US$ 1.5 billion) from Thomson Reuters Starmine.

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evenues for the 12 months ended 31 December 2010 were HK$19.3 billion (US$ 25 billion), an increase of 57 % over the previous year.

The company will open its Galaxy Macau in Cotai on May 15. Galaxy announced that the property will include a 1,000 square metre multipurpose event plaza and Macau’s only modern Cineplex, with a 9-screen, 3D-compatible, multifunction cinema theatre with a total capacity of 1,000 seats.

The two venues are budgeted at HK$600 million (US$ 77 million) and will open in September 2011.

Galaxy Macau will also include three hotels, a skytop wave pool, food and beverage outlets and a casino with 450 tables and 1,100 slot machines, expandable to over 600 tables and 1,500 slot machines if needed.
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