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Page 4 - விண்மீன் பொழுதுபோக்கு குழு லிமிடெட் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

GGRAsia – Casino op Galaxy not to join current RFP for Yokohama

Macau casino operator Galaxy Entertainment Group Ltd said in a Monday press release it had decided “to not participate” in the “current” request-for-proposal (RFP) process of Japanese metropolis Yokohama regarding the latter’s tilt at getting a casino resort. The firm said nonetheless that it “remains interested in pursuing an integrated resort licence in Japan”. The term integrated resort or “IR” is used in Japan to define large-scale tourism and business meeting facilities with a casino. Several other casino brands with Macau interests have either said they were not currently prioritising an attempt at gaining a Japan casino licence, or had for now withdrawn their interest.

GGRAsia – Galaxy strong May break, led by premium mass: analysts

Macau casino operator Galaxy Entertainment Group Ltd saw strong gaming earnings relative to the earlier part of the year, during the five-day holiday encompassing Labour Day on May 1, said brokerages Sanford C Bernstein Ltd, and Jefferies Hong Kong Ltd in respective Thursday memos, citing commentary from the gaming firm’s management. The improvement was led by premium-mass play, and was accompanied by high levels of hotel occupancy, and strong sales in the luxury retail segment, said the institutions, in notes issued after highlights of Galaxy Entertainment’s first-quarter earnings were filed with the Hong Kong Stock Exchange. The company’s flagship resort is Galaxy Macau, (pictured in a file photo) on Cotai.

GGRAsia – Galaxy Ent posts US$111mln 1Q EBITDA, on flat revenue

Macau casino operator Galaxy Entertainment Group Ltd reported on Thursday first-quarter adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) of HKD859 million (US$110.6 million), up 203.5 percent from the prior-year period. The figure was down 15 percent sequentially. Revenue for the period was HKD5.07 billion, up 0.5 percent from a year earlier, but flat from the fourth quarter of 2020. Net gaming revenue decreased 4.7 percent year-on-year, to nearly HKD3.86 billion. The figure was up 5.6 percent sequentially. The numbers were given in a summary filed with the Hong Kong Stock Exchange. Galaxy Entertainment runs its flagship casino resort Galaxy Macau (pictured) on Cotai; the StarWorld Hotel, the group’s main venue on Macau peninsula; and Broadway Macau, the mass-market focused property next door to Galaxy Macau.

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