in year-on-year terms<\/a> but down 2 per cent sequentially.<\/p>\n\n\n\nThe company posted adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) of HK$$2.94bn (US$378m). That\u2019s a rise of 6 per cent when compared to last year but down 7 per cent in quarter-on-quarter terms. For the last 12 months combined, the company\u2019s adjusted EBITDA was up 68 per cent at HK$11.8bn (US$1.52bn).<\/p>\n\n\n\n
Gross gaming revenue (GGR) was HK$10.2bn (US$1.31m), up 16 per cent year-on-year but down 2 per cent quarter-on-quarter. Mass table win was HK$8.39bn (US$1.08bn), rolling chip win was HK$1.10bn (US$141m) and electronic gaming win was HK$666m (US$86m).<\/p>\n\n\n\n
Galaxy Macau\u2019s net revenue was up 10 per cent year-on-year but down 3 per cent sequentially at HK$8.4bn (US$1.11bn). Gaming revenue was HK$6.9bn (US$911m), down 6.38 per cent sequentially but up 10.40 per cent year-on-year. Non-gaming revenue was HK$1.47bn (US$189m) while adjusted EBITDA was HK$2.56bn (US$329m), flat year-on-year and down 8 per cent quarter-on-quarter.<\/p>\n\n\n\n
According to the company, Galaxy Macau \u201cplayed unlucky in its gaming operations which decreased its Adjusted EBITDA by approximately HK$180m in the third quarter of the year.\u201d Hotel occupancy across its seven hotels was 98 per cent.<\/p>\n\n\n\n
StarWorld Macau\u2019s net revenue<\/strong> was HK$1.3bn (US$171.61m), up 9 per cent year-on-year and 1 per cent sequentially. Adjusted EBITDA was HK$396m (US$51m), up 14 per cent year-on-year and 2 per cent quarter-on-quarter. Hotel occupancy for the third quarter of the year was 100 per cent.<\/p>\n\n\n\nBroadway Macau\u2019s net revenue was HK$62m (US$8m), up 158 per cent year-on-year and 15 per cent quarter-on-quarter. Adjusted EBITDA was HK$11m (US$1.4m) compared with HK$8m (US$1m) in the second quarter of the year and HK$14m (US$1.8m) in the third quarter of 2023.<\/p>\n","protected":false},"excerpt":{"rendered":"
Lui is survived by his spouse and their five children.<\/p>\n","protected":false},"author":176,"featured_media":777020649,"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 Group (GEG) announced the passing of its founder and chairman, Lui Che Woo, at 95, while assuring stakeholders of no operational impact. Concurrently, GEG reported its Q3 financial results, with net revenue up 11% year-on-year to HK$10.7bn and GGR rising 16% year-on-year to HK$10.2bn, despite sequential declines in some key metrics. The report detailed performance across its Macau properties, highlighting strong hotel occupancy and specific segment contributions.","focusai_entities":"Lui Che Woo, Galaxy Entertainment Group, K. Wah International Holdings, Stock Exchange of Hong Kong Limited, Hang Seng Index, Forbes, Lui Chiu Kam Ping, Francis Lui Yiu Tung, Lawrence Lui Yiu Nam, Alexander Lui Yiu Wah, Paddy Tang Lui Wai Yu, Eileen Lui Wai Ling, Galaxy Macau, StarWorld Macau, Broadway Macau","focusai_location":"Macau, Hong Kong","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.8), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GEG Succession Plan","query":"What is the immediate and long-term succession plan for the GEG chairmanship, and how might this impact the group's strategic direction and capital allocation in Macau?"},{"label":"Q3 Performance Analysis","query":"Beyond the reported sequential declines, what specific market dynamics or operational challenges contributed to the Q3 quarter-on-quarter performance variations across GEG's Macau properties?"}],"footnotes":""},"categories":[157,16338],"tags":[23959],"class_list":["post-777020648","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-galaxy-entertainment-group"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020648","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=777020648"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020648\/revisions"}],"predecessor-version":[{"id":777020676,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020648\/revisions\/777020676"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777020649"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777020648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777020648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777020648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}