Galaxy sets its sights on StarWorld overhaul as revenues increase by 22 per cent
The Macau bounce back continued for Galaxy Entertainment Group, who generated revenue of $43.4bn in 2024, up 22 per cent year-on-year with gaming revenue up 30 per cent to $41.1bn.
It now has its sights on revamping its StarWorld casino with major upgrades planned for the main gaming floor, the lobby and with its F&B options.
Mass GGR came in at $33.1bn, up 25 per cent year-on-year with VIP GGR at $5.3bn, up 55 per cent year-on-year. Electronic GGR was $2.7bn, up 52 per cent year-on-year. Galaxy Macau’s Adjusted EBITDA was $10.8bn, up 18 per cent year-on-year. StarWorld Macau’s Adjusted EBITDA was $1.6bn, up 24 per cent year-on-year. Broadway Macau’s Adjusted EBITDA was $24m, versus $36m in 2023. In 2024, GEG played unlucky in its gaming operation which decreased its Adjusted EBITDA by approximately $157m.
Francis Lui, Chairman of GEG said: “Throughout 2024 we continued to drive every segment of the business in particular the premium mass which remains the main profit driver. In a competitive market we continue to allocate resources with discipline and focus on their most efficient use. During the year we have seen entertainment and events play an important role in driving new and repeat customers to Macau.
“On the development front, we continue to progress with the fitting out of Capella at Galaxy Macauand the construction of Phase 4 which has a strong focus on non-gaming, primarily targeting entertainment and family facilities, and also includes gaming. During the year we deployed smart tables across all of our casinos. We expect this technology to enhance the overall operating efficiency and customer management. In addition, we continue to make enhancements to our resorts including adding new F&B and retail offerings at Galaxy Macau. In the recently announced Forbes Travel Guide 2025 List, Galaxy Macau proved its unrivalled position as the integrated resort with the most Five-Star hotels under one roof of any luxury resort company worldwide for the third consecutive year.
“At StarWorld Macau we are evaluating a range of major upgrades, that includes the main gaming floor, the lobby arrival experience and increasing the F&B options. We have completed the upgrade of Level 3 and StarWorld Macau now hosts one of the largest scale Live Table Games (LTG) terminals in Macau.”
