• Fri
  • Aug 22, 2014
  • Updated: 6:53pm

Galaxy Entertainment Group

Galaxy shines from high-stakes play

Adjusted earnings before interest, taxes, depreciation and amortisation for the quarter to March rose to HK$2.77 billion from HK$2.15 billion a year ago, Galaxy said in a statement. The median estimate of six analysts was HK$2.79 billion.

Thursday, 16 May, 2013, 3:53am

Profits dip as The VIPs pull back

Casino operator Wynn Macau yesterday reported a drop in third-quarter profit, deepening the gloomy outlook for Macau's gaming industry.

The casino operator's quarterly profit fell 3.1 per cent to US$203.3 million, with the lucrative VIP segment shrinking 12.1 per cent as high rollers pulled back.

26 Oct 2012 - 2:50am

Ex-partner claims breach of contract in Venetian deal

Las Vegas Sands faces a three billion pataca lawsuit from a former partner in Macau, claiming breach of contract by the American resort company before securing its gaming licence a decade ago.

15 Mar 2012 - 12:00am

Macau's casinos rewrite the record books

Macau casino revenue again set a record last month, soaring 42.3 per cent from a year earlier to 26.8 billion patacas (HK$25.5 billion).

Any signs of a looming economic slowdown failed to dent turnover on the high-stakes baccarat tables, as the city's gambling volumes enjoyed their usual surge over the mainland's National Day 'golden week' holiday.

2 Nov 2011 - 12:00am

Spending on advertising hits record high

Advertising spending in Hong Kong's hotel sector reached a record high in May, boosted by Galaxy Macau's massive campaign to promote its recently opened five-star resort casino.

Media-monitoring firm admanGo yesterday reported that Galaxy Macau's advertising blitz amounted to HK$27.86 million, which accounted for 57 per cent of its industry's total spending last month.

24 Jun 2011 - 12:00am

Effective response to emerging trends

Galaxy Entertainment Group (GEG) has been at the heart of Macau's thriving casino and hotel industry.

'GEG owns and operates StarWorld Hotel and Casino, a luxury five-star property on the Macau peninsula,' says Trevor Martin, the group's senior vice-president of human resources and administration.

18 Jun 2011 - 12:00am

Galaxy Macau plasters MTR station with ads

Galaxy Macau, the new five-star casino resort, has bought up all the advertising space in the Tsim Sha Tsui MTR station - nearly 10,000 square metres in all - to promote its opening 12 days from now.

5 May 2011 - 12:00am

Galaxy Entertainment swings to HK$1b profit after debt buyback

Casino operator Galaxy Entertainment Group recorded a net profit of HK$1.06 billion in the first half thanks to gains from a debt buyback and cost control, after reporting a loss a year earlier.

19 Sep 2009 - 12:00am

Neptune buys Best Max for HK$4.32b

Neptune Group has agreed to pay HK$4.32 billion for Best Max, which is entitled to share profits at a casino of Galaxy Entertainment Group. The acquisition will allow Neptune to take profits from 0.45 per cent of up to HK$20 billion in monthly rolling turnover by Lucky Star, a junket and gaming promoter at Galaxy's StarWorld Casino.

8 Jul 2008 - 12:00am

Galaxy taps junket partner to boost sales

In an aggressive move to claw back lost market share, Galaxy Entertainment Group, the Macau gaming company controlled by the family of Hong Kong property and construction tycoon Lui Che-woo plans to more than double VIP gaming capacity by forging an alliance with a large high-roller junket operator.

19 Apr 2008 - 12:00am

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