0027.HK - Galaxy Entertainment Group Limited

HKSE - HKSE Delayed Price. Currency in HKD
51.650
-1.100 (-2.09%)
As of 9:56AM HKT. Market open.
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Previous Close52.750
Open52.750
Bid51.550 x 0
Ask51.650 x 0
Day's Range51.250 - 52.750
52 Week Range40.300 - 62.100
Volume1,371,552
Avg. Volume9,786,371
Market Cap223.778B
Beta (3Y Monthly)1.27
PE Ratio (TTM)16.51
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2019-09-24
1y Target EstN/A
  • Reuters

    Macau casino revenue drops 8.6% in August

    Gambling revenue in the Chinese territory of Macau dropped 8.6% in August on the year, hit by tapering demand from high rollers, due to slowing economic growth amid China's trade war with the United States and protests in neighbouring Hong Kong. August's figure was 24.3 billion patacas ($3.01 billion), Macau's Gaming Inspection and Coordination said in data posted on Sunday, below analysts' expectations of a drop of 2%-6%. While protests in the Asian financial hub of Hong Kong have disrupted transport and deterred travel to the former British colony and then on to Macau, analysts say the impact on gaming revenues has been minimal.

  • Reuters

    Gambling hub Macau chooses Beijing-backed man as leader

    The Chinese territory of Macau elected former legislature head Ho Iat Seng as its leader on Sunday - the sole approved candidate. Ho, who has deep ties to China, is expected to cement Beijing's control over the special administrative region and distance it from protests in neighbouring Hong Kong. The 62-year-old's highly scripted appointment comes as the former Portuguese colony tries to position itself as a beacon of stability and model for the Chinese government's "one country, two systems" formula through which Beijing administers Macau and Hong Kong.

  • Reuters

    Macau's casinos count cost of Hong Kong's escalating protests

    Growing protests in the Asian financial centre of Hong Kong are weighing on the neighbouring Chinese territory of Macau as some visitors steer clear of the world's biggest gambling hub, worried over transport disruptions and safety concerns. Hong Kong, a former British colony, has suffered a wave of sometimes violent protests since June as initial opposition to a now-suspended extradition law evolved into a direct challenge to the government and calls for full democracy. "When you have hundreds of flights cancelled out of Hong Kong and some reluctance to travel, I do think that's impacting the premium end of the business," Matt Maddox, chief executive of Wynn Resorts, which runs two Macau casinos, said this week.

  • Reuters

    Macau casino revenues fall 3.5% y/y in July

    Gambling revenue in the Chinese territory of Macau dropped 3.5% in July from a year earlier, due to tempered demand from high rollers amid a slowdown in the world's second-largest economy and a trade war with the United States. Revenue was 24.5 billion patacas ($3.04 billion) in July, Macau's Gaming Inspection and Coordination said on Thursday. The figure was just below analyst expectations of a 3% drop to 3% rise.

  • Reuters

    Macau casino revenues up 5.9% in June

    Gambling revenue in the Chinese territory of Macau rose 5.9% in June year on year, as sentiment to gamble saw an uptick in the world's largest gambling hub. June's figure was 23.8 billion patacas ($2.95 billion), according to Macau's Gaming Inspection and Coordination.

  • Reuters

    Macau studies setting up securities market in push to diversify

    Macau is considering launching a yuan-based stock market to help it diversify away from gaming, its main source of revenue, and align the territory more with China's growth plans for the Greater Bay Area in the country's southern region. Macau's Monetary Authority told Reuters in an email that it was starting feasibility studies for a securities market, including a stock market which would "leverage Macau's advantage to serve the country's need," compared with established centres Hong Kong and Shenzhen. Beijing is pushing for the special administrative region of Macau to become an international tourism destination as well as a platform for trade and business between Portuguese speaking countries and China.

  • Reuters

    Macau casino revenue hits 5-month high in May

    Gambling revenue in the Chinese territory of Macau hit a five-month high in May, although softer demand from high rollers amid a slowdown in the world's No.2 economy and a Sino-U.S. trade war continued to keep a lid on gains. Revenue was 25.95 billion patacas ($3.21 billion), the highest this year, Macau's Gaming Inspection and Coordination said on Saturday, versus 25.5 billion patacas a year ago and also up from April's monthly haul of 23.6 billion patacas. As the special administrative region marks 20 years since its handover from Portuguese rule, slower mainland economic growth, a weaker yuan and a simmering trade war threaten to derail growth.

  • Reuters

    In Macau's non-gaming race, analysts pick Sands China, Galaxy as winners

    Macau's casino operators have pledged billions of dollars to develop non-gaming attractions in a bid to secure new licences, but analysts predict only the more efficient like Sands China and Galaxy will be able to curb losses and emerge winners. The spending frenzy comes as Beijing pushes to rebrand Macau as a family-friendly destination. Operators are ploughing $10 billion into mostly non-gaming, which has traditionally been hard to monetise, before their licences expire in 2022 amid warnings new permits will be linked to efforts to diversify.

  • Reuters

    Macau's April casino revenue posts worst drop in nearly three years

    Gambling revenue in the Chinese territory of Macau fell 8.3 percent in April, the biggest year-on-year drop since June 2016, due to tempered demand from high rollers amid a slowdown in the world's second-largest economy. The figure, down from 25.8 billion patacas in March, was in line with analyst expectations for a 3-12 percent drop year on year.

  • Reuters

    Macau casino revenue dips 0.4 percent in March

    Gambling revenue in the Chinese territory of Macau dipped 0.4 percent in March year-on-year, as slowing economic growth and the Sino-U.S. trade war turned off high-roller gamblers. March's revenue was 25.8 billion patacas ($3.2 billion), Macau's Gaming Inspection and Coordination posted on Monday. As the special administrative region marks 20 years since its handover from Portuguese rule, slower mainland economic growth, a weaker yuan and a simmering trade war threaten to derail growth.

  • Reuters

    Macau casino licences for MGM China, SJM extended to 2022

    Macau, the world's largest gambling hub, has extended casino licences for MGM China and SJM Holdings until 2022, bringing them on par with other operators, authorities in the Chinese territory said on Friday. The Macau government said the MGM and SJM's licences, set to expire in 2020, would be extended for another two years with both operators required to pay a one-off fee of 200 million patacas ($25 million). The licence extensions in the only part of China where casinos are allowed will give authorities more time to consider how to diversify the gambling-dependent economy.

  • Reuters

    Macau's Galaxy Entertainment posts 29 pct rise in 2018 profit

    HONG KONG, Feb 28(Reuters) - Macau casino operator Galaxy Entertainment Group Ltd posted a 29 percent rise in profit for 2018 due to robust demand from gamblers in the world's biggest casino hub. Galaxy, ...

  • Reuters

    Macau police investigate suspected murder at Sands casino resort - media

    Police in the world's biggest gambling hub of Macau are investigating what they suspect is a rare murder in a five-star casino resort after a Chinese man was found stabbed in his bed, broadcaster TDM reported on Monday. Murder cases have been rare in the Chinese territory since Portugal ceded control of what had been a colonial backwater on the heel of China's southern coast 20 years ago. The suspected murder took place in Sands China's Conrad Macau hotel, TDM reported, citing police.

  • Reuters

    Casino hub Macau braces for impact of slowing Chinese economy

    As the Chinese territory of Macau marks 20 years since its handover from Portuguese rule, slower mainland economic growth, a weaker yuan and a simmering trade war threaten to derail growth in the world's biggest casino hub. Macau, on China's southern coast, is the only place in the country where casino gambling is legal. To compound matters, China this week lowered its economic growth target to 6-6.5 percent in 2019 as Beijing copes with U.S. tariffs and weakening domestic demand.

  • Reuters

    Macau's casinos post first revenue drop in 29 months

    Gambling revenue in the Chinese territory of Macau dropped 5 percent in January, the first drop in more than two years, as appetite for gambling waned amid slowing economic growth and increased headwinds from the Sino-U.S. trade war. The special administrative region reported 24.9 billion patacas ($3 billion) revenue, compared with 26.3 billion patacas a year ago, Macau's Gaming Inspection and Coordination said on Friday. The total revenue figure of 24.9 billion patacas dropped month on month from December last year but was the same as November's monthly figure.

  • Reuters

    Macau's casino revenue drops 5 percent in January

    The special administrative region reported 24.9 billion patacas ($3 billion) revenue, versus 26.3 billion patacas a year ago, Macau's Gaming Inspection and Coordination said on Friday. Macau, located on China's southern coast and the country's only legal casino hub, is highly reliant on gambling revenues for its finances, with taxes from the casinos accounting over 80 percent of the government's revenue.