Skip to Content

Tag Archives: Galaxy Macau

China – Galaxy forced to delay opening of Galaxy Macau Phase 3 despite GGR bouncing back

Whilst delighted that second quarter revenues were rebounding, Macau operator Galaxy Entertainment has confirmed that COVID has delayed the unveiling of Galaxy Macau Phase 3 until 2022. The company said limitations on workforce access due to the COVID-19 pandemic has caused the delay to the project, that will include the Galaxy International Convention Center, several…

China – Galaxy sees 5.6 per cent quarter-by-quarter increase in GGR

Macau casino operator Galaxy Entertainment was ‘pleased with the outcome’ of its first quarter financials, which saw quarter by quarter GGR growth of 5.6 per cent, and a plateauing of performance compared to last year. In Q1 2021, the group posted net revenue of $5.1bn, up one per cent year-on-year and flat quarter-on-quarter. Adjusted EBITDA…

China – Galaxy Macau delaying launch of Phase 3 as revenues slide

Galaxy Entertainment is delaying the first launch of Phase 3 of its flagship Cotai casino resort, Galaxy Macau with the opening set for late 2020 instead of the middle of next year as planned. Phase 3 will include another 1,500 hotel rooms, extra casino space, and an arena with 16,000 seats. The group has since…

China – Galaxy warns that trade fall out will dent revenues

Galaxy Entertainment Group continued to enjoy growth in Macau with gross gaming revenue in the latest quarter also increasing by six per cent year-on-year, reaching $2.014bn despite the effects of typhoon Mangkhut which hit Macau on September 16. The operator warned though that the trade fall out between China and the US, rising interest rates…

China – Galaxy Macau could prosper from unused gaming tables

Analytical group Union Gaming believes that Macau operator Galaxy Macau is best placed to benefit from a surplus of gaming tables following the opening of Grand Lisboa Palace next year which completes the current wave of Cotai-based openings. In a report entitled ‘Macau pipeline in pictures,’ Union Gaming predicts that Macau’s gaming regulator will have…

China – Galaxy Macau pledges $60m to Macau relief fund

The devastating effects of Typhoon Hato dominated every aspect of the first half results of Macau operator Galaxy Macau apart from the actual results with revenue up by 12 per cent to $28.5bn. The operator has pledged a $60m contribution including $30m from the GEG Foundation plus a $30m matching contribution from the Lui family…

China – Galaxy bucks the trend with growth in Macau

Galaxy Entertainment bucked the trend in Macau by posting an increase in EBIDTAS of 18 per cent year-on-year in 2016 and revenue gains of four per cent taking its total GGR for the year to to $52.8bn. The operator said it ‘played lucky’ in Q4 2016 which increased Adjusted EBITDA by approximately $150m. Galaxy Macau’s…

China – Galaxy Macau appoints former SLS Las Vegas President

Macau operator Galaxy Entertainment has appointed Scott Kreeger, formerly the President and CEO of SLS Las Vegas to oversee the development of Galaxy Macau’s Phase 4 expansion. Mr. Kreeger will work under former Station Casinos executive Kevin Kelley, who is now COO of Galaxy Entertainment. Mr. Kreeger left SLS Las Vegas on Dec. 31, after…

China – Exciting Baccarat installed at Galaxy Macau

Tokyo-based Sega Sammy Creation has installed its electronic gaming machine Exciting Baccarat in Galaxy Macau where it has placed 48 player terminals; the largest number in Macau. Following an exciting year of operation in Macau, Exciting Baccarat was installed at Galaxy Macau on December 15, 2016. This gaming machine is the second product released by…