|Day's Range||46.900 - 48.050|
|52 Week Range||22.000 - 49.200|
|PE Ratio (TTM)||32.01|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Top casino operators get out front on business and public policy issues.
Macau casino operator Galaxy Entertainment Group posted a 28 percent jump in third-quarter net profit, as newer, family-friendly projects helped draw in visitors to the Chinese territory. Galaxy's results on Wednesday portend well for its rivals such as Sands China and Wynn Macau who have also launched projects designed to appeal more to non-gamers in the world's biggest gambling hub after overall growth plummeted in the past two years. Galaxy and the five other listed casino operators in Macau have been hit by sagging demand from high roller Chinese gamblers due to a crackdown on corruption and slowing economic growth in the mainland.
New investments and a shift to the mass market will help Macau’s gaming industry emerge from its prolonged slump, said casino tycoon Lui Che Woo recently.