0027.HK - Galaxy Entertainment Group Limited
| Previous Close | 48.500 |
| Open | 49.000 |
| Bid | 48.150 x 0 |
| Ask | 48.200 x 0 |
| Day's Range | 47.950 - 49.700 |
| 52 Week Range | 40.300 - 65.600 |
| Volume | 5,859,000 |
| Avg. Volume | 12,153,491 |
| Market Cap | 208.803B |
| Beta (3Y Monthly) | 1.25 |
| PE Ratio (TTM) | 15.41 |
| EPS (TTM) | 3.128 |
| Earnings Date | Feb 26, 2019 - Mar 4, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | 2019-03-25 |
| 1y Target Est | 63.49 |
- Reuters•13 days ago
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•16 days ago
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•18 days ago
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.
- GuruFocus.com•2 months ago
Matthews China Fund Comments on Galaxy Entertainment Group
Guru stock highlight
- Reuters•2 months ago
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•3 months ago
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•3 months ago
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.
- PR Newswire•4 months ago
Galaxy Entertainment Group Announces Q4 & Annual Results 2018
Full Year Adjusted EBITDA of $16.9 Billion , Up 19% YoY Q4 Adjusted EBITDA of $4.3 Billion , Up 4% YoY & Up 12% QoQ Announced Another Special Dividend of $0.45 Per Share HONG KONG , Feb. 28, 2019 /PRNewswire/ ...
- Reuters•4 months ago
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•4 months ago
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•4 months ago
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•4 months ago
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•4 months ago
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.
- Reuters•4 months ago
Macau's casino revenue drops 5 pct in January
Gambling revenue in the Chinese territory of Macau fell 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, 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.
- Reuters•5 months ago
Wynn to settle with Nevada regulators after founder's sexual misconduct claims
Wynn Resorts said it has agreed to an undisclosed settlement in response to a disciplinary complaint filed by the Nevada Gaming Control Board following a series of sexual misconduct claims against former chief executive Steve Wynn. The casino company, which has operations in Las Vegas and Macau, said in a filing to the U.S. Securities and Exchange Commission on Monday, the investigation into Steve Wynn had completed and it looked forward to reviewing the settlement. The company called the settlement an "important remedial step", adding that any employee mentioned in the Nevada Gaming Board's investigation, who was aware of Wynn's sexual assault allegations "is no longer with the company".
- Reuters•5 months ago
Philippines sees record gambling revenue, braces for stiff competition
The Philippines is banking on a steady stream of foreign high rollers to drive gambling revenue to a record this year even as it braces for greater competition from neighbours who want to cash in on the casino boom, the head of the state gaming regulator said on Tuesday. Gross gaming revenue of the casino industry, which includes the local units of Macau's Melco Resorts & Entertainment Ltd and Japan's Universal Entertainment Corp, is expected to reach 217 billion pesos ($4.1 billion) this year, up 8.5 percent from a year earlier, Andrea Domingo, chairman, Philippine Amusement and Gaming Corp (Pagcor), told Reuters. "All the integrated casino resorts are doing very well," Domingo added.
Reuters•5 months agoMacau, Beijing police arrest 37 in crackdown on illicit banking
Police in Macau and mainland China detained 39 suspects in an underground lending case involving more than 30 billion yuan ($4.42 billion), as China steps up measures to reduce economic risks and clamp down on illicit capital outflows. Macau police and state news agency Xinhua reported on Tuesday that a criminal gang had illegally brought credit card point-of-sale terminals from the mainland into Macau's casinos for gamblers to get cash out. Macau is the world's biggest gambling hub.