• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Tuesday 9 September 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
  • 中文
  • 日本語
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
  • 中文
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

Galaxy Macau plays lucky but Macau VIP drag hits GEG bottom line in 3Q19

Ben Blaschke by Ben Blaschke
Thu 7 Nov 2019 at 08:45

Galaxy Macau

544
VIEWS
Print Friendly, PDF & Email

Leading Macau IR operator Galaxy Entertainment Group reported a 10% decline in gross gaming revenue to HK$14.3 billion in 3Q19, the results boosted by good luck at flagship property Galaxy Macau and continued growth in the mass market segment.

Group-wide Adjusted EBITDA booked a 6% year-on-year increase to HK$4.1 billion (down 5% sequentially), with mass GGR up 11% year-on-year to HK$7.3 billion. VIP GGR fell 26% to HK$6.4 billion while slot machine revenue rose slightly to HK$641 million.

At Galaxy Macau, net revenue of HK$9.3 billion was flat year-on-year with Adjusted EBITDA rising 7% to HK$3.2 billion and Adjusted EBITDA margin of 34% compared with 32% in 3Q18.

The property saw its net gaming revenue fall only fractionally to HK$8.11 billion despite a 41.8% decline in rolling chip volume to HK$110.28 billion. Win rate in 3Q19 rose from 3.4% last year to 4.4% this time around, pushing VIP win to HK$4.81 billion.

Mas table drop at Galaxy Macau grew 4.3% to HK$18.40 billion with win of HK$5.13 billion while EGM coin-in was down but strong win saw win remain flat at HK$523 million.

On the peninsula, StarWorld Macau’s net revenue was HK$2.5 billion, down 14% year-on-year and 9% quarter-on-quarter, with Adjusted EBITDA falling 11% year-on-year to HK$828 million.

Rolling chip volume at StarWorld fell 32.2% for the quarter to HK$49.99 billion with win declining by a similar ratio to HK$1.39 billion. Mass table drop was very slightly down to HK$8.92 billion with win remaining flat at HK$1.69 billion. EGM win grew 34.1% to HK$55 million.

Broadway Macau, located adjacent to Galaxy Macau and offering mass gaming only, maintained steady net revenue of HK$141 million, although it played unlucky to see Adjusted EBITDA fall from HK$9 million in 3Q18 to HK$2 million. GGR remained flat at HK$73 million.

In a brief note discussing latest developments, Galaxy said it had recently completed the renovation of two VIP rooms which have been “well received by customers” as part of the company’s HK$1.5 billion property enhancement program at Galaxy Macau and StarWorld Macau. Galaxy added that the program, which includes preparation works for the effective future integration and connectivity of Phases 3 and 4 at Galaxy Macau, “continues on schedule and on budget.”

Share10Share2
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Editorial – Flipping the script

Editorial – Flipping the script

by Ben Blaschke
Thu 28 Aug 2025 at 12:30

This month represents an important milestone for Inside Asian Gaming as we launch IAG EXPO – an expansion of the...

Asia market roundup

Asia market roundup

by Ben Blaschke
Thu 28 Aug 2025 at 12:26

Inside Asian Gaming takes a deep dive into the state of Asia-Pacific’s key gaming markets: who’s hot, who’s not and...

Rewriting the rules

Rewriting the rules

by Newsdesk
Thu 28 Aug 2025 at 11:43

IAG EXPO, taking place at Newport World Resorts from 8 to 10 September, is not your usual trade show. IAG...

Test of character

Test of character

by Newsdesk
Thu 28 Aug 2025 at 11:28

Since its establishment in 1989, Gaming Laboratories International (GLI) has developed into the world’s most trusted name when it comes...

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

Related Posts

2025 IAG EXPO: Day 1 Highlights

2025 IAG EXPO: Day 1 Highlights

by Newsdesk
Tue 9 Sep 2025 at 18:19

Take a look around on this milestone day for IAG as we launch the first ever IAG Exhibition – part of the 2025 IAG EXPO at Manila’s Newport World Resorts. IAG EXPO also comprises welcome event Manila After Dark, the...

VIDEO: Aristocrat’s Lloyd Robson talks latest products for Asia

VIDEO: Aristocrat’s Lloyd Robson talks latest products for Asia

by Newsdesk
Tue 9 Sep 2025 at 17:57

Aristocrat Gaming’s Lloyd Robson sits down with IAG at the IAG LIVE booth at IAG EXPO to discuss his thoughts on the Philippines market. Lloyd also explains the products Aristocrat has on show at IAG EXPO and provides some insight...

PAGCOR awaiting commission approval to proceed with privatization of Casino Filipino properties

PAGCOR awaiting commission approval to proceed with privatization of Casino Filipino properties

by Ben Blaschke
Tue 9 Sep 2025 at 17:40

Philippine gaming regulator PAGCOR has submitted relevant documentation and is awaiting approval from the Governance Commission for Government-Owned and Controlled Corporations (GCG) to proceed with privatization of its Casino Filipino properties, according to PAGCOR Chairman and CEO Alejandro Tengco. The...

Locals Game

The Grand Ho Tram submits proposal for two-phase financing of freeway project connecting to Vietnam’s soon-to-open Long Thanh International Airport

by Newsdesk
Tue 9 Sep 2025 at 17:25

The owners of Vietnam’s The Grand Ho Tram are one of two separate groups to have proposed the construction of a major four-lane expressway connecting their integrated resort to the new Long Thanh International Airport currently being built in nearby...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

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

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
  • 中文
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • 中文
  • English
  • 日本語