Galaxy Ent reports H1 financial results

The casino company reported a 25% increase in revenues during the first six months of the year.

Macau.- Galaxy Entertainment Group (GEG) has released its latest financial report, in which it details a 25% year-on-year increase in net revenue to €3.1 billion for the first half of the current year. Galaxy Macau’s revenue drove the financial results with revenues of €2.1 billion.

Dr Lui Che Woo, Chairman of GEG, said: “Our balance sheet continued to be exceptionally strong and liquid. We are pleased to announce another special dividend of €0.54 per share to be paid on or about 26 October 2018. This dividend demonstrates our confidence in the future, and confirms our commitment to return capital to shareholders.”

Moreover, the company reported a 34% rise in adjusted EBITDA to €944 million. Net profit attributable to shareholders also went up 56% to €790 million.