{"id":777049469,"date":"2026-11-06T11:52:22","date_gmt":"2026-11-06T14:52:22","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777049469"},"modified":"2026-11-06T13:23:23","modified_gmt":"2026-11-06T16:23:23","slug":"galaxy-entertainment-q3-revenue-rises-4-on-higher-vip-gaming","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/galaxy-entertainment-q3-revenue-rises-4-on-higher-vip-gaming","title":{"rendered":"Galaxy Entertainment Q3 revenue rises 4% on higher VIP gaming"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The Macau operator&#8217;s latest results showed contrasting performances across its casino properties, alongside continued investment in its Cotai development.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Key takeaways<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Galaxy Entertainment&#8217;s Q3 net revenue increased 4 per cent&nbsp; year-on-year to HK$12.692bn.Total GGR rose 5 per cent&nbsp; to HK$12.875bn, supported by a 41 per cent&nbsp; increase in VIP gaming revenue.<\/li>\n\n\n\n<li>Mass-market GGR declined 3 per cent , while electronic gaming revenue grew 8 per cent .<\/li>\n\n\n\n<li>Normalised adjusted EBITDA fell 7 per cent&nbsp; to HK$3.104bn after excluding favourable gaming outcomes.<\/li>\n\n\n\n<li>Galaxy Macau recorded 99 per cent&nbsp; hotel occupancy, while Cotai Phase 4 remained on track for completion in 2027.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Macau.- Macau casino operator <strong>Galaxy Entertainment Group<\/strong> has reported Q3 net revenue of HK$12.692bn (US$1.62bn), up 7 per cent from the previous quarter and 4 per cent year-on-year. For the three months to September 30, the group posted adjusted EBITDA of HK$3.688bn (US$470.7m), up from HK$3.341bn (US$426.4m) a year earlier and HK$3.380bn (US$431.4m) in the previous quarter.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The increase in earnings was partly influenced by favourable gaming outcomes. The operator estimated that gaming luck added HK$584m (US$74.5m) to adjusted EBITDA. After excluding this contribution, normalised adjusted EBITDA stood at HK$3.104bn (US$396.2m), a 7 per cent decline from HK$3.327bn (US$424.7m) a year earlier.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Gaming revenue rose 6 per cent year-on-year to HK$10.324bn (US$1.32bn), while non-gaming revenue edged down to HK$1.698bn (US$216.7m) from HK$1.729bn (US$220.7m). Revenue from construction materials also declined, falling to HK$670m (US$85.5m) from HK$727m (US$92.8m).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The group\u2019s gross gaming revenue (GGR) rose 5 per cent year-on-year to HK$12.875bn (US$1.64bn), driven by a 41 per cent increase in VIP revenue to HK$2.883bn (US$368m) and an 8 per cent rise in electronic gaming to HK$798m (US$101.9m). Mass-market GGR, however, fell 3 per cent to HK$9.194bn (US$1.17bn).<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Galaxy Macau leads property revenue<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Galaxy Macau accounted for the largest share of group revenue, with net revenue rising 7 per cent year-on-year to HK$10.842bn (US$1.38bn). Its adjusted EBITDA increased 15 per cent to HK$3.537bn (US$451.5m). Normalised adjusted EBITDA was HK$3bn (US$382.9m), down 3 per cent year-on-year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Hotel occupancy across Galaxy Macau\u2019s nine hotels reached 99 per cent for the quarter. At StarWorld Macau, net revenue declined 11 per cent to HK$1.1bn (US$140.4m), while adjusted EBITDA fell 24 per cent to HK$279m (US$35.6m). The property recorded 100 per cent hotel occupancy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Broadway Macau generated HK$51m (US$6.5m) in net revenue, down 18 per cent year-on-year, while adjusted EBITDA increased to HK$7m (US$893,000) from HK$1m (US$128,000) in the same period last year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The group\u2019s construction materials division recorded adjusted EBITDA of HK$150m (US$19.1m), a 27 per cent decline year-on-year. Galaxy Entertainment attributed the decrease mainly to weaker demand in Hong Kong and mainland China, higher energy costs and reduced contributions from Hong Kong International Airport\u2019s Three-Runway System following the completion of major works.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On its development pipeline, Galaxy Entertainment said fitting-out work continued at its <strong>Phase 4 project in Cotai<\/strong>, which remains scheduled for completion in 2027. The 600,000-square-metre development will include five luxury hotels with around 1,350 rooms and suites, a 5,000-seat theatre, dining and retail facilities, a water resort deck and a casino.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Macau operator&#8217;s latest results showed contrasting performances across its casino properties, alongside continued investment in its Cotai development.<\/p>\n","protected":false},"author":2395,"featured_media":777042489,"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 reported a 4% YoY increase in Q3 net revenue to HK$12.692bn, with total GGR up 5% driven by a significant 41% rise in VIP gaming, despite a 3% decline in mass-market GGR. Normalised adjusted EBITDA, excluding favourable gaming outcomes, decreased by 7%. The operator continues its substantial investment in the Cotai Phase 4 development, slated for 2027 completion, while facing headwinds in non-gaming and construction materials segments.","focusai_entities":"Galaxy Entertainment Group","focusai_location":"Macau, Cotai, Hong Kong, China","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.95), investor_analyst (1.0), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"VIP vs. Mass Outlook?","query":"Given the divergence in VIP and mass-market GGR, what is Galaxy Entertainment's strategic outlook for these segments, and how might future regulatory or economic shifts in mainland China impact this balance?"},{"label":"Cotai Phase 4 ROI?","query":"What are the projected financial returns and market positioning objectives for the Cotai Phase 4 development, and how will its completion in 2027 impact the group's overall revenue and EBITDA profile?"}],"footnotes":""},"categories":[16338,163],"tags":[],"class_list":["post-777049469","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777049469","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\/2395"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777049469"}],"version-history":[{"count":8,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777049469\/revisions"}],"predecessor-version":[{"id":777049478,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777049469\/revisions\/777049478"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777042489"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777049469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777049469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777049469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}