Galaxy, chinese major gambling operator report revenue grows

Chinese major operator, Galaxy Ent. Group (GEG) revenue has a 176% year-on-year increase, equal to $4.3 billion for the Q3 of 2021 year

However, only $503 million was EBITDA adjusted for Q3 and the total is down 23% compared to the previous quarter.

Galaxy Macau’s third-quarter 2021 sales were $ 2.8 billion, an increase of 353% per last year, but a 26% decrease from the previous quarter. Star World Macau revenue was $664 million, an increase of 234% year-on-year, but a 29% decrease from the Q2. Revenue of Broadway Macau up 8% from last year and was $14 million, however, unchanged from the previous quarter


Galaxy Ent revenue grows for Q3 2021 at GameBarron.com
Galaxy Ent revenue grows for Q3 2021 at GameBarron.com

GEG Chairman Dr. Lui Che Woo said:

“During Q3 both Mainland China and Macau experienced highly publicised periodic outbreaks of COVID-19. As a result, selected travel restrictions were implemented during these periods which severely impacted Macau visitation and revenue”.

“It is pleasing to note that once travel restrictions were lifted visitor arrivals quickly rebounded. This gives us confidence that there is pent up demand for leisure, tourism, travel within Mainland China”.

“We would like to again acknowledge Macau Government for acting decisively to contain the most recent outbreak of COVID-19 including completing the mass testing of Macau’s residents. GEG has been very supportive of the Government vaccination program by hosting both testing and vaccination facilities within our resorts. We are pleased to report that GEG has achieved a 92% vaccination level for team members and we are working hard to achieve 95% in the near future.”

Galaxy Entertainment Group reports Q3 Revenue over $4 bln

Chinese major operator, Galaxy Entertainment Group (GEG) revenue has a 176% year-on-year increase, equal to $4.3 billion for the Q3 of 2021 year

Galaxy Entertainment Group reports Q3 Revenue over $4 bln at GameBarron.com

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