{"id":17847,"date":"2021-05-13T14:41:19","date_gmt":"2021-05-13T14:41:19","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=17847"},"modified":"2026-04-23T19:34:48","modified_gmt":"2026-04-23T22:34:48","slug":"galaxy-entertainment-revenue-up-5-6-in-q1","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/galaxy-entertainment-revenue-up-5-6-in-q1","title":{"rendered":"Galaxy Entertainment revenue up 5.6% in Q1"},"content":{"rendered":"\n

Galaxy Entertainment has experienced a slight recovery in gaming revenue thanks to the increase in visitor arrivals.<\/p>\n\n\n\n\n\n\n\n

Macau.-\u00a0Galaxy Entertainment<\/a>\u00a0has shared its financial results for the first quarter of the year, reporting\u00a0gaming revenue of HK$3.86bn, up 5.6 per cent when compared to the previous quarter<\/strong>\u00a0but down 4.7 per cent year-on-year.<\/p>\n\n\n\n

The company reported adjusted EBITDA of HK$859m (US$110.6m), up 203.5 per cent\u00a0<\/strong>when compared to last year but down 15 per cent quarter-on-quarter. Net revenue was HKD5.07bn<\/strong>, up 0.5 per cent from Q1 2019.<\/p>\n\n\n\n

For the three months to March 31,\u00a0VIP gaming turnover <\/strong>was nearly HKD47.24bn, down 30.7 per cent year-on-year<\/strong> but up 7.6 per cent from the fourth quarter of 2020.<\/p>\n\n\n\n

Mass table turnover was HKD11.59bn<\/strong>, down 3.8 per cent quarter-on-quarter but up 3.5 per cent year-on-year.<\/p>\n\n\n\n

According to the group\u2019s chairman, Lui Che Woo,\u00a0Galaxy<\/a>\u00a0has been\u00a0benefited from the easing of restrictions relating to Covid-19<\/strong>, which has translated into increased revenue.<\/p>\n\n\n\n

Sanford C. Bernstein says\u00a0Galaxy Entertainment Group<\/a>\u00a0is\u00a0\u201cin a prime position for post-pandemic recovery\u201d<\/strong>\u00a0as the group is the only major operator that hasn\u2019t raised capital due to its debt-free balance sheet.<\/p>\n\n\n\n

Galaxy Entertainment Group<\/a>\u00a0is working to\u00a0complete the development of Galaxy Macau\u2019s Phase 4<\/strong>. It recently announced the work will be complete in three years but has not specified an exact date.<\/p>\n","protected":false},"excerpt":{"rendered":"

Galaxy Entertainment has experienced a slight recovery in gaming revenue thanks to the increase in visitor arrivals.<\/p>\n","protected":false},"author":176,"featured_media":17858,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Galaxy Entertainment reported Q1 gaming revenue of HK$3.86bn, a 5.6% QoQ increase, primarily driven by increased visitor arrivals and the easing of COVID-19 restrictions in Macau. The company's adjusted EBITDA surged 203.5% YoY to HK$859m, positioning it strongly for post-pandemic recovery due to its debt-free balance sheet and ongoing development of Galaxy Macau's Phase 4.","focusai_entities":"Galaxy Entertainment, Sanford C. Bernstein, Lui Che Woo","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Phase 4 Funding Strategy","query":"Given Galaxy Entertainment's debt-free balance sheet, what specific capital allocation strategies are anticipated for the funding and completion of Galaxy Macau's Phase 4, and what is the projected ROI?"},{"label":"VIP vs. Mass Recovery","query":"How does the observed divergence in VIP gaming turnover (down 30.7% YoY) versus mass table turnover (up 3.5% YoY) impact Galaxy Entertainment's long-term market segmentation strategy and GGR projections?"}],"footnotes":""},"categories":[161,16338,163],"tags":[22935,23907,23906],"class_list":["post-17847","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-news","category-east-asia-news","category-finance-news","tag-galaxy-entertainment","tag-land-based-casino","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17847","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=17847"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17847\/revisions"}],"predecessor-version":[{"id":17873,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17847\/revisions\/17873"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17858"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=17847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=17847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=17847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}