• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Tuesday 29 July 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

Star performance for Galaxy

Newsdesk by Newsdesk
Thu 24 Sep 2009 at 16:00
1
SHARES
33
VIEWS
Print Friendly, PDF & Email

Galaxy Entertainment Group recorded a net profit of HKD1.06 billion (USD140 million) for the first half of 2009, compared to a loss for the six months ended 30th June 2008.

The company said group EBITDA increased 91 percent to HKD507 million for the half year, which also represented three consecutive quarters of group EBITDA growth.

StarWorld’s EBITDA increased 45 percent to HKD419 million for the half year, which also represented the fourth consecutive quarter of EBITDA growth said Galaxy.

The company said its cost reduction programme remains on track to deliver HKD200 million in annual savings.

It added that measures to strengthen its balance sheet included the reduction of debt by 30 percent from HKD6.51 billion (USD840 million) to HD$4.57 billion (US$590 million).

Cash held by Galaxy stood at HKD5.4 billion, as of June 30 and total cash exceeded total debt said the company.

It was also announced recently that Galaxy has formally accepted the terms and conditions for its Cotai Land Grant deal and has paid an initial instalment of HKD1.1 billion toward that land cost.

“After entering the Macau gaming market five years ago, Galaxy Entertainment Group has successfully transformed into a leading gaming operator in Macau, the largest and fastest growing gaming market in the world,” said the group’s chairman Dr Che-woo Lui in a prepared statement.

RelatedPosts

Team Spirit

SJM moves towards acquisition of Hengqin office space for new hotel development, adds another 5,000 square meters to plans

Mon 28 Jul 2025 at 18:01
Macau’s SJM to close satellite casino Grandview this Wednesday

Macau’s SJM to close satellite casino Grandview this Wednesday

Mon 28 Jul 2025 at 11:36
MGTO says no apparent impact on visitor numbers from limitation on provision of free snacks in Macau casinos

Macau visitor arrivals rise 13.3% year-on-year to 2,891,003 in June

Fri 25 Jul 2025 at 05:45
IAG to launch weekly “The IAG Live Streaming Show” starting this Friday 25 July

IAG to launch weekly “The IAG Live Streaming Show” starting this Friday 25 July

Thu 24 Jul 2025 at 14:20
Load More
Tags: GEGMacau
ShareShare
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – An inconvenient truth

Editorial – An inconvenient truth

by Ben Blaschke
Fri 27 Jun 2025 at 15:21

It’s understandable that political observers, academics and members of the public in greenfield jurisdictions would express caution around the legalization...

Light & Wonder’s Siobhan Lane

Light & Wonder’s Siobhan Lane

by Ben Blaschke
Fri 27 Jun 2025 at 15:19

Siobhan Lane, Light & Wonder’s highly experienced CEO of Gaming, speaks to Inside Asian Gaming about the company’s ongoing transformation...

Honesty is the best policy

Honesty is the best policy

by Ben Blaschke
Fri 27 Jun 2025 at 14:13

The Thailand Entertainment Complex Roundtable brought industry stakeholders, politicians and supporters of the government’s Entertainment Complex Bill face to face...

Sri Lanka’s casino industry

Sri Lanka’s casino industry

by Shaun McCamley
Fri 27 Jun 2025 at 13:36

Industry veteran Shaun McCamley delves into the complex history of Sri Lanka’s casino industry at a time when the country...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

FBM Foundation brings relief to Philippine communities impacted by typhoons

FBM Foundation brings relief to Philippine communities impacted by typhoons

by Newsdesk
Tue 29 Jul 2025 at 13:41

FBM Foundation led a relief operation across Luzon on Sunday 27 February to support the communities affected by Typhoons Crising, Dante and Emong, the company said. Focusing on swift mobilization, FBM Foundation prepared and distributed 1,000 relief packages in Batangas...

IAG announces BRB at Solaire Resort Entertainment City as venue for final Manila After Dark Of 2025 on Fri 12 December

IAG announces BRB at Solaire Resort Entertainment City as venue for final Manila After Dark Of 2025 on Fri 12 December

by Newsdesk
Tue 29 Jul 2025 at 12:58

Inside Asian Gaming is pleased to announce that the next edition of networking social Manila After Dark (MAD 33) will be held at BRB (formerly known as Baccarat Room & Bar) at Solaire Resort Entertainment City on the evening of Friday 12...

Bally’s Corp unable to trademark name in Australia because local Sydney bowling club beat them to it

Bally’s Corp unable to trademark name in Australia because local Sydney bowling club beat them to it

by Newsdesk
Tue 29 Jul 2025 at 05:55

An attempt by US casino giant Bally’s Corp’s to trademark its name for potential use in Australia has been blocked because a local lawn bowling club known as “The Bally” has beaten them to it. Bally’s Corp is in the...

Philippine President Marcos steers clear of online gaming issue during lengthy State of the Nation Address

Philippine President Marcos steers clear of online gaming issue during lengthy State of the Nation Address

by Ben Blaschke
Tue 29 Jul 2025 at 05:22

Philippines President Ferdinand R Marcos Jr delivered his latest State of the Nation Address (SONA) on Monday, detailing his government’s plans around the budget, social and economic programs, international relations and national security. But one issue notable for its absence...

Your browser does not support the video tag.


IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • English