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Tag Archives: StarWorld

Malta – Malta Gaming Authority cancels Star World’s licence

The MGA has decided to cancel the authorisation awarded to Star World Limited effective as of September 26 2019 in terms of Regulation 10(1) of the Gaming Compliance and Enforcement Regulations (S.L. 583.06). Star World Limited, is no longer authorised to carry out any gaming operations, register new players or accept new customer deposits, but…

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’s revenue drops by 34 per cent in first half

Galaxy Entertainment’s first half revenue was down by 34 per cent due to what it described as ‘challenging market conditions.’ The operator, who recently opened Broadway Macau at its expanded Galaxy Macau resort, saw revenues fall by 31 per cent at Galaxy Macau and 42 per cent at its Starworld casino. Despite being open for…

China – Galaxy records 11th quarter of growth

Galaxy Entertainment Group saw a 38 per cent rise in first-quarter revenues as the Macau casino operator with the most space to expand continued to attract more and more customers. Adjusted earnings before interest, taxes, depreciation and amortisation increased to HK$3.8bn in the first quarter. Revenue rose 33 per cent to HK$20.2bn The increase represented…

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…