{"id":777013226,"date":"2024-02-16T08:32:58","date_gmt":"2024-02-16T11:32:58","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777013226"},"modified":"2026-04-22T12:56:24","modified_gmt":"2026-04-22T15:56:24","slug":"only-one-macau-casino-will-pay-dividends-in-2024-analysts-say","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/only-one-macau-casino-will-pay-dividends-in-2024-analysts-say","title":{"rendered":"Only one Macau casino will pay dividends in 2024, analysts say"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Jefferies predicts Galaxy Entertainment will be the sole dividend payer.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Macau.- Analysts at <strong>Jefferies <\/strong>have forecast that <strong>Galaxy Entertainment Group <\/strong>is likely to be the only Macau casino operator to issue dividends in 2024. This forecast is based on discussions with Galaxy&#8217;s management during an investor event in London.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to Hong Kong-based analyst<strong>\u00a0Andrew Lee<\/strong>, Galaxy&#8217;s strong financial position places it favourably to continue dividend payments. Lee emphasized Galaxy&#8217;s track record as the only operator to issue dividends in the first half of 2023.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>See also:&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/galaxy-entertainment-group-announces-pay-raise-for-its-employees\" rel=\"noreferrer noopener\">Galaxy Entertainment Group announces pay raise for its employees<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Lee suggested that Galaxy&#8217;s dividend payout ratio, historically around 30 per cent, could see gradual increases due to its solid financial standing. This projection is supported by the company&#8217;s cash reserves, which cover ongoing capital expenditures for the Galaxy Macau expansion on Cotai.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Other Macau operators like Sands China and Wynn Resorts, the parent company of\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/wynn-macau-outperforms-other-macau-casinos-in-q4-ggr-growth-analysts-say\" target=\"_blank\" rel=\"noreferrer noopener\">Wynn Macau<\/a>, are less likely to make dividend payments.\u00a0Fitch Ratings Inc has predicted<strong>\u00a0Sands China may resume dividends in 2026<\/strong>, while Wynn Resorts awaits a resolution on its leverage profile in Macau before committing to dividend resumption.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jefferies predicts Galaxy Entertainment will be the sole dividend payer.<\/p>\n","protected":false},"author":176,"featured_media":26454,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Jefferies forecasts Galaxy Entertainment Group will be the sole Macau casino operator to issue dividends in 2024, citing its robust financial position and cash reserves supporting the Galaxy Macau expansion. This contrasts with Sands China, projected to resume dividends in 2026, and Wynn Resorts, which is addressing its leverage profile. The analysis stems from discussions with Galaxy's management during an investor event.","focusai_entities":"Jefferies, Galaxy Entertainment Group, Andrew Lee, Sands China, Wynn Resorts, Wynn Macau, Fitch Ratings Inc","focusai_location":"Macau, London","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Galaxy Dividend Drivers?","query":"What specific financial metrics underpin Jefferies' confidence in Galaxy Entertainment Group's sustained dividend capacity compared to its Macau peers?"},{"label":"Operator Capital Strategies?","query":"How might the differing dividend strategies of Macau's concessionaires impact their respective capital structures and future growth initiatives, particularly regarding non-gaming investments?"}],"footnotes":""},"categories":[157,16338],"tags":[22935,23906],"class_list":["post-777013226","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-galaxy-entertainment","tag-macau-casinos"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013226","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=777013226"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013226\/revisions"}],"predecessor-version":[{"id":777013245,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013226\/revisions\/777013245"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/26454"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777013226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777013226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777013226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}