• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Saturday 9 August 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
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
No Result
View All Result
IAG
No Result
View All Result

Galaxy Macau drives GEG gaming revenues up 9% sequentially to US$1.41 billion in 4Q24

Ben Blaschke by Ben Blaschke
Thu 27 Feb 2025 at 13:16
Galaxy Macau to host 2025 Annual Conference of the FIA – world motorsport’s governing body

Galaxy Macau

22
SHARES
541
VIEWS
Print Friendly, PDF & Email

Leading Macau concessionaire Galaxy Entertainment Group (GEG) reported net revenues of HK$11.3 billion (US$1.45 billion) in the three months to 31 December 2024, up 9% year-on-year and 6% sequentially, driven by a strong performance in gaming at Galaxy Macau.

According to information released Thursday afternoon, gross gaming revenues climbed by 19% year-on-year and 9% quarter-on quarter to HK$11.0 billion (US$1.41 billion), including mass win of HK$8.71 billion (US$1.12 billion). Rolling chip win totaled HK$1.54 billion (US$198 million) and slot win HK$780 million (US$100 million).

Group-wide Adjusted EBITDA also grew by 15% year-on-year and 10% quarter-on-quarter to HK$3.24 billion (US$417 million) – despite the company playing unlucky for the quarter.

The strong result was driven by flagship resort Galaxy Macau, where GGR win climbed 11% to HK$9.60 billion (US$1.23 billion). Hotel and F&B revenue of HK$1.13 billion (US$145 million) and mall revenue of HK$348 million (US$45 million) were both slightly higher than in Q3, while Adjusted EBITDA of HK$2.84 billion (US$365 million) was up from HK$2.56 billion (US$329 million) in the September quarter.

While Galaxy Macau enjoyed strong sequential growth, StarWorld saw its GGR decline by 4% quarter-on-quarter to HK$1.39 billion (US$179 million) – although this was up 6% year-on-year. Adjusted EBITDA at StarWorld reached HK$363 million (US$47 million).

Broadway Macau generated net revenue of HK$220 million (US$28 million), up 114% year-on-year, and Adjusted EBITDA of HK$24 million (US$3.1 million), reversing a HK$36 million (US$4.6 million) loss, while City Clubs saw net revenues fall 6% year-on-year to HK$209 million (US$27 million) with Adjusted EBITDA of HK$14 million (US$1.8 million).

For FY24, GEG’s group-wide net revenue grew by 22% year-on-year to HK$43.4 billion (US$5.58 billion), while Adjusted EBITDA was also up 22% to HK$12.2 billion (US$1.57 billion).

GEG Chairman Francis Lui said, “Throughout 2024 we continued to drive every segment of the business, in particular the premium mass which remains the main profit driver. In a competitive market we continue to allocate resources with discipline and focus on their most efficient use.

“GEG believes in competing with excellent products and service and not on price. Our efforts are reflected in the Group achieving full year Adjusted EBITDA of $12.2 billion (US$1.57 billion), up 22% year-on-year. Full year Net Profit Attributable to Shareholders was HK$8.8 billion (US$1.13 billion), up 28% year-on-year.

“We have a strong, healthy and liquid balance sheet with cash and liquid investments of HK$31.3 billion (US$4.03 billion), with minimal debt of HK$4.2 billion (US$540 million) giving a net position of HK$27.1 billion (US$3.49 billion). This financial strength allows GEG to fund our development pipeline, actively explore international development opportunities and return capital to shareholders via dividends.

“On 25 October 2024, we paid an interim dividend of HK$0.50 per share which was an increase from HK$0.30 per share paid in April 2024.”

GEG said it had as of Thursday recommended a final dividend of HK$0.50 per share payable in June 2025.

RelatedPosts

Large-scale events center at Wynn Palace part of US$750 million worth of Macau project investments planned by Wynn through end-2026

Large-scale events center at Wynn Palace part of US$750 million worth of Macau project investments planned by Wynn through end-2026

Fri 8 Aug 2025 at 05:54
Filipino maintenance worker passes away in Wynn Palace work-related accident

Low VIP hold hurts Wynn Macau’s 2Q25 results as operating revenues hit US$883 million

Fri 8 Aug 2025 at 05:17
MGM China lives up to new 50% dividend payout policy as total 1H25 interim dividend payout declared at US$152 million

MGM China lives up to new 50% dividend payout policy as total 1H25 interim dividend payout declared at US$152 million

Fri 8 Aug 2025 at 04:59
MGTO to launch 10-day market in Macau’s NAPE to help area transform ahead of pending satellite casino closures

MGTO to launch 10-day market in Macau’s NAPE to help area transform ahead of pending satellite casino closures

Tue 5 Aug 2025 at 14:59
Load More
Tags: Francis LuiGalaxy Entertainment GroupGalaxy MacauGGRgross gaming revenueMacau
Share9Share2
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 – Better late than never

Editorial – Better late than never

by Ben Blaschke
Thu 31 Jul 2025 at 07:13

Inside Asian Gaming has in recent weeks been hearing increasing chatter around a possible move by Vietnamese authorities to introduce...

Angel’s Yasushi Shigeta

Angel’s Yasushi Shigeta

by Ben Blaschke
Thu 31 Jul 2025 at 07:08

Yasushi Shigeta, Chairman and owner of one of the world’s largest gaming industry suppliers, Angel Group, sits down with Inside...

The Magic Number

The Magic Number

by David Bonnet
Thu 31 Jul 2025 at 06:41

In this in-depth deep dive into the evolution of the Asian gaming landscape, David Bonnet argues that many regional jurisdictions...

Rashid Suliman – A road well traveled

Rashid Suliman – A road well traveled

by Ben Blaschke
Thu 31 Jul 2025 at 02:45

Rashid Suliman, Vice President of Global Gaming Asia-Pacific for casino solutions provider TransAct Technologies, provides some insight into his unique...

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

Related Posts

IGT to unveil comprehensive game portfolio, new jackpots at Australasian Gaming Expo

IGT to unveil comprehensive game portfolio, new jackpots at Australasian Gaming Expo

by Newsdesk
Fri 8 Aug 2025 at 12:56

IGT will showcase 10 new game families as well as a revamped jackpot strategy for the local ANZ market at the upcoming Australasian Gaming Expo (AGE) taking place at ICC Sydney from 12 to 14 August 2025. This will also...

Large-scale events center at Wynn Palace part of US$750 million worth of Macau project investments planned by Wynn through end-2026

Large-scale events center at Wynn Palace part of US$750 million worth of Macau project investments planned by Wynn through end-2026

by Ben Blaschke
Fri 8 Aug 2025 at 05:54

Wynn Macau Ltd is looking to spend up to US$750 million through the end of 2026 on a series of upgrade and expansion projects at its Macau resorts, including development of a new large-scale events center at Wynn Palace. The...

Filipino maintenance worker passes away in Wynn Palace work-related accident

Low VIP hold hurts Wynn Macau’s 2Q25 results as operating revenues hit US$883 million

by Ben Blaschke
Fri 8 Aug 2025 at 05:17

The Macau operations of Wynn Resorts Ltd generated operating revenues of US$883 million in the three months to 30 June 2025, basically flat with the same period in 2024 due in part to low hold across the board – particularly...

MGM China lives up to new 50% dividend payout policy as total 1H25 interim dividend payout declared at US$152 million

MGM China lives up to new 50% dividend payout policy as total 1H25 interim dividend payout declared at US$152 million

by Ben Blaschke
Fri 8 Aug 2025 at 04:59

MGM China on Thursday declared an interim dividend of HK$0.313 per share for the period ended on 30 June 2025, amounting to a total payout of HK$1.19 billion (US$152 million) and living up to its recently updated dividend policy by...

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

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
  • 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