Tag Archives: Galaxy Entertainment Group
China – Galaxy bemoans a year of two halves in 2014
Galaxy Entertainment reported a nine per cent rise in full-year revenue to US$9.3bn in 2014 although fourth quarter earnings dropped by nearly 25 per cent in what the Macau operator described as a year of two halves. The operator said 2014 saw ‘two very contrasting half year performances,’ with total gaming revenue in H1 increasing…
China – Record year but Galaxy misses analyst targets
Macau heavyweight Galaxy Entertainment posted a 36 per cent increase in net profit for 2013 marking a record year and its tenth consecutive quarter of growth. The group reported record highs in revenue, adjusted EBITDA and net profit attributable to shareholders with full year revenue increasing by 16 per cent to $66bn. However with fourth-quarter EBIDTA…
Macau – GEG Chairman Asia’s second richest man
Galaxy Entertainment Group founder Lui Che-Woo’s wealth has leapt by US$10.2bn in 2013, making him the second richest individual in Asia with a net worth of US$22.1bn. The 84-year-old billionaire added $1bn in a single day last week as Macau’s record gaming revenue saw his shares hit a new high. Only Facebook’s Mark Zuckerberg and…
