Revenue up over 30 per cent
Galaxy boasts record first quarter
(Macau).- Macau operator Galaxy Entertainment has posted record results for the first quarter, with revenue and adjusted EBITDA up over 30 per cent.
2014-05-27
Reading time 36 seg
(Macau).- Macau operator Galaxy Entertainment has posted record results for the first quarter, with revenue and adjusted EBITDA up over 30 per cent.
Both VIP and mass gaming grew during the quarter, with VIP revenue up 32 per cent to HK$14.6bn and mass up 37 per cent to HK$5.1bn.
At Galaxy Macau, adjusted EBITDA has been on the rise for 11 consecutive quarters, rising to HK$2.8bn in the first quarter.
StarWorld Macau had its best quarter ever, with adjusted EBITDA rising 26 per cent to HK$1.1bn and revenues up 19 per cent to HK$6.8bn.
Meanwhile, Galaxy Macau’s second phase of development remains on budget and schedule, with completion slated for the middle of next year.
The company is also finalising plans for its third and fourth phases of development on Cotai. Expansion plans for its Grand Waldo casino complex will be unveiled later this year.
Leave your comment
RELATED NEWS
To address regulation, black market and more
Gaming in Germany Conference set for November 11 edition in Berlin
15,000 professionals expected
iGB L!VE opens at its new ExCel London home with goal of breaking 2024's attendance record
Networking, regulation talks, venue tour
SiGMA to hold La Dolce Vita Night event in Rome ahead of Central Europe Summit
COMPANIES
Running June to August
Stretch Network unveils €1.3 million Summer Poker League
3-reel, 5-line slot game
Platipus Gaming launches new fruit-themed title Juicy Sevens Jackpot
Policy covers entire supply chain
Zitro announces company-wide global corporate sustainability framework
Positive showcase reception
Win Systems debuts Gold Club Colors electronic roulette at Peru Gaming Show 2025
LATEST NEWS
ONLINE GAMING
LEGISLATION
SPORTS BETTING
MAGAZINES
EVENTS
To address regulation, black market and more
Gaming in Germany Conference set for November 11 edition in Berlin
New tracks address regional strategies
SBC Summit adds Global and Emerging Markets stages to meet expanding international interest
Covering payments, tech and compliance
SBC Summit 2025 to explore iGaming innovation through new Technology Stage
Networking, regulation talks, venue tour
SiGMA to hold La Dolce Vita Night event in Rome ahead of Central Europe Summit
EVENTS CALENDAR
Highlighted
iGB Live! 2025 London
Highlighted
SBC Summit Lisbon 2025
Highlighted
G2E LAs Vegas - Global Gaming Expo
Highlighted
IAGR 2025 The International Association of Gaming Regulators
Highlighted
Gaming in Germany 2025
Highlighted
GAT Expo Santo Domingo 2025
NOV 12th 25 / NOV 13th 25
Live Event Renaissance Jaragua Hotel y Casino, Santo Domingo, República Dominicana
Highlighted
BEGE 2025 Balkan Entertainment and Gaming Exhibition
Highlighted
