🤑 Galaxy Entertainment Group Reports Q4 & Annual Results | Business Wire

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Properties · StarWorld Hotel · Galaxy Macau™ · Broadway Macau™ · City Clubs · Media Center · Press Releases · Media Contact · Investor Relations.


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Galaxy Entertainment Corporation Ltd

It primarily develops and operates a large portfolio of integrated resort, retail, dining, hotel and gaming facilities in Macau. Hengqin — Refining our plans for a lifestyle resort to complement our high-energy entertainment resorts in Macau International — Continuously exploring opportunities in overseas markets, including Japan Dr. Airport Authority Hong Kong.{/INSERTKEYS}{/PARAGRAPH} We view Japan as a great long term growth opportunity that will complement our Macau operations and our other international expansion ambitions. In Q3 , total visitor arrivals to Macau were 9. Given the overall market conditions and weaker global consumer sentiment we believe the Group has delivered solid financial results. We welcome the new Chief Executive and we will actively work with him and support his policies. Group Key Financial Data. Rolling Chip Volume Mass Table Drop Gaming Statistics City Clubs Key Financial Data. Net Gaming. These events have been impacting consumer sentiment and subsequent spending habits. Rolling Chip Volume 7. Our solid balance sheet and cash flow from operations allows us to return capital to shareholders through dividends, fund our development pipeline and pursue our international expansion ambitions. Log In Sign Up. {PARAGRAPH}{INSERTKEYS}All amounts are expressed in HKD unless otherwise stated. Hong Kong Investor Relations Association. We believe that Macau in general is well positioned to capture this growth and GEG has world class resorts and development pipeline. Our confidence is supported by the continued growth in demand for tourism, leisure and travel from Mainland China. GEG is uniquely positioned for long term growth. The Group has the largest undeveloped landbank of any concessionaire in Macau. Ho Iat Seng who was elected with wide support and we look forward to him assuming office next month and to his first Policy Address in March With the solid economic and social foundations that have been made by the previous Chief Executives over the past 20 years, we are confident that the Macau Government will continue the policies of economic diversification. The GICC , square feet pillar-less Exhibition Hall can host 7, guests lecture style, or 2, guests banquet hall style, additionally there is a seat Auditorium. We also believe the integration of Macau into the Greater Bay Area will be positive for the development of Macau. Full Size. We will continue to enhance our resorts and anticipate the full program will be completed by mid Regarding our expansion efforts in Japan, we continue to strengthen our Japan Development team and build our resources as we move forward in the Integrated Resort process. Electronic Gaming Volume. On 25 August , Mr. We continue to strengthen our Japan Development team and build our resources as we move forward in the Integrated Resort process. These dividends demonstrate our continued confidence in the longer term outlook of Macau and the Company. Gaming Statistics 9. Occupational Safety and Health Council. At the group level the gaming statistics include Company owned resorts plus City Clubs. Our balance sheet combined with cash flow from operations allows us to return capital to shareholders via special dividends and to fund both our Macau development pipeline and international expansion ambitions. Macau has faced numerous headwinds in , these includes ongoing trade tensions, a slowing global economy, regional competition, currency fluctuation, disruptions in Hong Kong among others. The 19 th Golden Horse Awards of China. Total GGR Win 5. Environmental Campaign Committee. We remain confident in the medium to longer term outlook for Macau in general and GEG specifically. GEG is committed to delivering world class unique experiences to its guests and building a sustainable future for the communities in which it operates. Also in Q4 , we anticipate the opening of new infrastructure and immigration facilities that will support the further development of Macau through increased access to Macau from Mainland China and improved movement within Macau. However, we remain confident in the medium to longer term outlook for Macau due to the growing demand throughout Asia for leisure, tourism and travel. Construction Materials Division. We continue to make progress with our concept plan for a lifestyle resort on Hengqin that will complement our high energy resorts in Macau. Integrated Resort of the Year. G2E Asia Awards Forbes Travel Guide The Menu StarWorld Macau. Total GGR Win. Peter J. For more information about the Group, please visit www. Rolling Chip Volume 3. Through the balance of and , the Group will continue to drive every segment of our business by enhancing operational efficiencies and exercising prudent cost control especially in the current market conditions. Hong Kong Awards for Environmental Excellence. Mass Table Drop 8. We do acknowledge that in the shorter term, current international trade tensions and the slowing global economy may impact customer sentiment and subsequent spending habits. Mass Table Drop 4. We are pleased to have recently completed the renovation of two VIP rooms which have been well received by our customers. Our Japan based team continues with our Japan development efforts. GEG is also planning to develop a world class, lifestyle leisure resort on a 2. Q3 Q2 Gaming Statistics 2. Gaming Statistics 6.