Galaxy Entertainment has strengthened its position following the news that the Macau-based casino operator achieved record half-year revenue.
The Galaxy Macau Resort operator reported a nine per cent year-on-year increase in revenue to HK$30.8bn ($3.97bn). Adjusted EBITDA for the period was up 23 per cent to HK$5.8bn.
Net profit, meanwhile, rose 35 per cent to HK$4.6bn.
GEG chairman Lui Che-woo said that along with improving financial performance, the second phase of the Galaxy Macau complex is on schedule and the company has boosted its presence with the purchase of the Grand Waldo complex.
“Looking into the future, Macau’s prospects for the remainder of 2013 and beyond continue to be bright,” he said. ‘We believe that our development pipeline for phases two, three and four plus the Grand Waldo complex on Cotai position us well for continued growth.”
