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Galaxy Entertainment revenues up 50 per cent with revamped gaming floor playing its part

By - 14 May 2024

Macau operator Galaxy Entertainment generated first quarter revenue of $10.6bn, up 50 per cent year-on-year and up two per cent quarter-on-quarter with Galaxy highlighted the role its revamped gaming floor played to boost visitation.

The revamp sees Galaxy Macau ‘well positioned for future growth’ having generated revenue of $8.3bn, up 55 per cent year-on-year and up two per cent quarter-on-quarter. Hotel occupancy for Q1 across the seven hotels was 97 per cent. StarWorld Macau produced revenue of $1.4bn, up 46 per cent year-on-year and up nine per cent quarter-on-quarte with hotel occupency at 100 per cent.

Dr. Lui Che Woo, Chairman of GEG said: “During Q1 2024, we made substantial adjustments to
Galaxy Macau’s gaming floor, in the shorter term this was disruptive for the month of January and
the early part of February. The renovation was completed just prior to Chinese New Year. With the
completion of this renovation, we have seen a significant improvement in the flow of customer traffic
across the entire floor.

“Across our portfolio, we are in the process of implementing smart tables which will drive further
efficiency across the gaming floor. Additionally, we are updating our slot machine products and we
are working on a range of upgrades to StarWorld Macau,” he added. “We were particularly encouraged with our casino performance over the May Golden Week and post the reconfiguration of Galaxy Macau’s gaming floor.

“We were pleased to announce the addition of the Group’s tenth hotel brand – Capella Hotels andResorts. The 17-storey Capella at Galaxy Macau is expected to open in mid-2025 and offers
approximately 100 ultra-luxury sky villas and suites. This represents our continued commitment to
delivering unparalleled experiential luxury to our guests in Macau and supporting the Government’s
vision to develop Macau into the World Centre of Tourism and Leisure.”

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