Galaxy Entertainment Group chairman Francis Lui has credited the company’s high-profile events calendar for driving a notable improvement in both revenues and Macau market share for the first six months of 2025, including an all-time daily record for foot traffic at Galaxy Macau.
Lui’s comments accompanied GEG’s 2Q25 results announcement on Tuesday, which included a 10% year-on-year and 8% sequential increase in net revenue to HK$12.0 billion (US$1.53 billion). 1H25 revenues climbed 8.3% year-on-year to HK$23.3 billion (US$2.97 billion), including GGR win of HK$22.9 billion (US$2.92 billion), up 14.9%.
Lui noted that GEG had delivered “solid results and growth in market share under competitive market conditions” and “managed to drive every segment of the business, particularly the premium mass”.
The quarter included a particularly strong June that was highlighted by performances at Galaxy Arena by K-pop star G-Dragon and acclaimed Hong Kong singer Jacky Cheung, which led to a new record in single-day visitation of over 123,000 to Galaxy Macau.
The property ultimately saw foot traffic rise by 65% year-on-year in the first six months of this year on the back of its program of entertainment, sports and MICE events, which Lui said “played a key role in driving new and repeat customers to Macau”.
Galaxy Macau’s 2Q25 performance included GGR of HK$10.7 billion (US$1.36 billion), up 20.5% year-on-year and 11.9% sequentially, of which mass tables contributed HK$14.7 billion (US$1.87 billion). Property Adjusted EBITDA of HK$3.33 billion (US$424 million) was 19.5% higher than during the same quarter last year.
At StarWorld, bad luck contributed to a 9.0% decline in GGR year-on-year to HK$1.30 billion (US$166 million), with Adjusted EBITDA falling by 22.3% to HK$303 million (US$39 million). Non-gaming property Broadway Macau also saw net revenue fall slightly year-on-year to HK$97 million (US$12.4 million) in the first half of 2025, with Adjusted EBITDA halving to HK$6 million (US$764,000).
Nevertheless, the impressive performance of GEG’s Galaxy Macau flagship saw the company declare an interim dividend of HK$0.70 per share, improved from the previously announced final dividend of HK$0.50 per share paid in June.
“This again demonstrates our confidence in the medium to longer term outlook for Macau in general and GEG specifically,” said Lui.
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