The latest update is out from Galaxy Entertainment Group ( (HK:0027) ).
Galaxy Entertainment Group reported a successful year in 2024 with a 22% increase in Adjusted EBITDA and a 28% rise in net profit attributable to shareholders. The company maintains a strong financial position with substantial cash reserves and minimal debt, allowing it to fund development projects and return capital to shareholders through dividends. GEG is actively promoting Macau as an international tourist destination and has seen a significant increase in international visitors. The company is capitalizing on the trend of entertainment events driving tourism, with plans to host major events in 2025. GEG is also benefiting from policy changes such as the expansion of the Individual Visit Scheme and the opening of a new light rail line, which are expected to boost visitor numbers. The company continues to enhance its resorts and expand its non-gaming offerings, positioning itself as a leader in the integrated resort sector.
More about Galaxy Entertainment Group
Galaxy Entertainment Group Limited is a leading gaming and entertainment corporation based in Hong Kong. The company focuses on premium mass gaming, entertainment, and hospitality services, primarily operating in Macau. It is recognized for its integrated resorts and has a strong market presence in Asia.
YTD Price Performance: -10.34%
Average Trading Volume: 3,576
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $16.97B
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