0027.HK - Galaxy Entertainment Group Limited

HKSE - HKSE Delayed Price. Currency in HKD
68.400
-0.250 (-0.36%)
At close: 4:08PM HKT
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Previous close68.650
Open69.050
Bid68.400 x 0
Ask68.450 x 0
Day's range68.100 - 69.050
52-week range43.000 - 73.850
Volume5,362,977
Avg. volume10,409,676
Market cap295.376B
Beta1.21
PE ratio (TTM)27.91
EPS (TTM)2.451
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend date2018-03-23
1y target est78.64
  • Financial Times11 days ago

    [$$] Macau’s upstart casino champ makes play for new markets

    A non-gambler who jokes that his idea of excitement is walking the family dog — a corgi — the conservatively suited eldest son of Hong Kong billionaire Lui Che-woo runs Galaxy Entertainment Group, the world’s second-biggest gaming company by market capitalisation, from a modest mid-rise office in Hong Kong. Sixty kilometres west in Macau, the world’s largest gambling hub, Galaxy has grown from operating one small casino in 2004 to emerge last year as the market leader, with 22.6 per cent of gross gaming revenue, according to boutique investment bank Union Gaming. This puts Galaxy just ahead of the 22.3 per cent take of Sands China, the local unit of Las Vegas Sands, the largest gaming company by market cap.

  • Reuters18 days ago

    Hong Kong group aims to curb money laundering around Asia

    A Hong Kong based NGO backed by regulators, former central bankers and government officials on Wednesday announced an alliance to fight money laundering and regulate the fast growing financial technology space across Asia. The heavyweight meeting, which had government representatives from countries including China, the Philippines, Thailand and Cambodia, aimed to provide an information exchange platform as rapidly evolving technology makes it harder to regulate illicit money flows.

  • PR Newswire24 days ago

    Galaxy Entertainment Group Announces Selected Unaudited Q1 2018 Financial Data

    Record Adjusted EBITDA in Q1 of $ 4.3 Billion, Up 36 % YoY and 4 % QoQ   Record Normalized Adjusted EBITDA in Q1 of $ 4.4 Billion,  Up 41 % YoY and 8 % QoQ 9 th Consecutive Quarter of YoY EBITDA Growth ...

  • PR Newswire24 days ago

    Galaxy Entertainment Group Announces Selected Unaudited Q1 2018 Financial Data

    Record Adjusted EBITDA in Q1 of $ 4.3 Billion, Up 36 % YoY and 4 % QoQ   Record Normalized Adjusted EBITDA in Q1 of $ 4.4 Billion,  Up 41 % YoY and 8 % QoQ 9 th Consecutive Quarter of YoY EBITDA Growth ...

  • Reuters24 days ago

    BRIEF-Galaxy Entertainment Group Posts Q1 Group Revenue Of HK$18.5 Bln

    May 3 (Reuters) - Galaxy Entertainment Group Ltd: * Q1 GROUP REVENUE OF HK$18.5 BILLION, UP 32% YEAR-ON-YEAR * Q1 GROUP ADJUSTED EBITDA OF HK$4.3 BILLION, UP 36% * CONTINUE TO WORK WITH LOCAL PARTNER TO ...

  • Reuters25 days ago

    Macau casino SJM posts 26 pct rise in Q1 profit

    HONG KONG, May 2 (Reuters) - Macau casino SJM Holdings posted a 25.8 percent rise in its first-quarter net profit on Wednesday on strong gambling demand in the only place in China where casinos are legal. ...

  • Reuters26 days ago

    Macau casinos' revenue jumps 28 pct in April, beats forecast

    May 1 (Reuters) - Gambling revenue in the Chinese territory of Macau surged 28 percent in April and beat analyst expectations, helped by solid demand from Chinese betters keen to play in the country's ...

  • Reuters27 days ago

    Philippine regulator says Galaxy's $500 mln Boracay casino resort on hold

    The Philippines gaming regulator said a plan by Macau's Galaxy Entertainment Group to build a $500 million integrated casino resort on a Philippine holiday island is on hold until the company can convince the president of its "advantages". This is the first time the gaming regulator, Philippine Amusement and Gaming Corp (PAGCOR), has given a clear indication on the status of the project. It had earlier said there was no confirmation on whether the casino was on hold, according to local media reports, even after presidential spokesman Harry Roque announced there "would be no new casino in Boracay".

  • Reuterslast month

    Shares of China internet poker game firms drop on reports of ban

    Shares in Chinese companies offering online and mobile poker games have shed up to a fifth of their value over the past week, following reports in local media that the government would ban all poker-related applications from June 1. Companies like Boyaa Interactive and Our Game have seen their stocks slide up to 18 percent since the informal directive from the country's ministry of culture was reported in local media on April 19. A copy of the directive - circulated in local media and seen by Reuters - asks gaming platforms to stop operating Texas Hold'em games, a variation of poker, forbid services that transfer or trade virtual currency and stop the publication of anything poker or gambling-related on Weibo and WeChat.

  • Reuterslast month

    BUZZ-HK's Wynn Macau falls as Q1 profit misses estimate

    ** Shares in Macau casino Wynn Macau slide as much as 5.3 pct as investors lock in profit after first-quarter earnings came in slightly short of forecast ** Weaker-than expected VIP revenues dampen earnings ...

  • Reuterslast month

    In Vietnam, a mega casino rises with the help of a Macau junket company

    Along a three-kilometre (2-mile) stretch of coastline in central Vietnam, construction cranes are digging up mounds of sand and rubble where the country's biggest casino is set to open next year. Driving the project is Suncity Group Holdings Ltd, which has made billions luring high-rollers – mainly from China - to the baccarat tables in the Chinese territory of Macau. Vietnam is betting big on developing a gambling industry, targeting the Chinese tourists who have been flocking to the country in recent years.

  • The Wall Street Journallast month

    [$$] Philippines Blocks Casino Project on Island Under Ecological Strain

    Macau casino operator Galaxy Entertainment will be blocked from building a $500 million integrated casino development on the resort island of Boracay.

  • Reuters2 months ago

    Philippines shelves Galaxy's planned $500 mln casino resort on Boracay

    The Philippines on Wednesday shelved a plan by Macau's Galaxy Entertainment Group Ltd to build a $500 million integrated casino-resort on a holiday island that will be closed for a cleanup. Macau casino operator Galaxy last month won a provisional licence for an integrated casino-resort project in the island of Boracay, which Philippine President Rodrigo Duterte called a "cesspool" due to pollution. "There will be no new casino in Boracay," Presidential spokesman Harry Roque said in a news conference in Hong Kong that was aired live in Manila.

  • Reuters2 months ago

    Philippines' top resort island Boracay may reopen in four months - minister

    The Philippines is looking to shorten the closure period for its most popular holiday hotspot Boracay to four months from six, but the number of visitors allowed when it reopens will be slashed, the tourism minister said on Wednesday. A masterplan to redevelop Boracay, which has turned into a "cesspool" due to pollution according to President Rodrigo Duterte, into a liveable and greener community will be finalised after its rehabilitation, Tourism Secretary Wanda Teo said. "I think we can do it (cleanup) in four months.

  • Reuters2 months ago

    Macau casinos post 22 percent revenue gain in March

    HONG KONG, April 1 (Reuters) - Gambling revenue in the Chinese territory of Macau posted a 22 percent gain for the month of March, due to sustained demand for gambling in the country's only legal casino ...

  • Is Wynn Resorts Ltd. a Buy?
    Motley Fool2 months ago

    Is Wynn Resorts Ltd. a Buy?

    In the wake of founder Steve Wynn's departure, the stock has been volatile. However, the recent sell-off opens a number of opportunities.

  • Wynn Resorts Shuffles the Deck: Steve Wynn Is Out, Galaxy Is In
    Motley Fool2 months ago

    Wynn Resorts Shuffles the Deck: Steve Wynn Is Out, Galaxy Is In

    A multilayered shakeup at the casino resort company could change the power dynamics in gaming.

  • Barrons.com2 months ago

    Steve Wynn Cashes Out, Wynn Resorts Climbs

    Steve Wynn, co-founder and former CEO of his namesake Wynn Resorts (WYNN), has officially cashed out. The casino company said Wynn sold his 12% stake on Wednesday and Thursday for $2.1 billion, but the drama isn’t entirely over. Wynn still faces allegations of sexual misconduct brought by female employees detailed in a January article in  The Wall Street Journal.

  • PR Newswire2 months ago

    Galaxy Entertainment Group and Wynn Resorts Limited Announce Investment

    HONG KONG and LAS VEGAS, March 23, 2018 /PRNewswire/ -- Galaxy Entertainment Group (HKEx stock code: 27) and Wynn Resorts, Limited (WYNN) today announced that Galaxy Entertainment has agreed to purchase 5.3 million primary shares of Wynn Resorts at a price of $175 a share, resulting in $927,500,000 of gross proceeds to Wynn Resorts. "It is an honor to have such a distinguished company as Galaxy Entertainment as a shareholder which shares many of the same core operating philosophies and values," said Wynn Resorts CEO Matt Maddox.

  • PR Newswire2 months ago

    Galaxy Entertainment Group and Wynn Resorts Limited Announce Investment

    HONG KONG and LAS VEGAS, March 23, 2018 /PRNewswire/ -- Galaxy Entertainment Group (HKEx stock code: 27) and Wynn Resorts, Limited (WYNN) today announced that Galaxy Entertainment has agreed to purchase 5.3 million primary shares of Wynn Resorts at a price of $175 a share, resulting in $927,500,000 of gross proceeds to Wynn Resorts. "It is an honor to have such a distinguished company as Galaxy Entertainment as a shareholder which shares many of the same core operating philosophies and values," said Wynn Resorts CEO Matt Maddox.

  • Reuters2 months ago

    BRIEF-Galaxy Entertainment Group Acquires 5.3 Mln Shares In Wynn Resorts

    March 23 (Reuters) - Galaxy Entertainment Group Ltd : * ‍TRANSACTION IN RELATION TO AN ACQUISITION OF SHARES IN WYNN RESORTS, LIMITED * DEAL FOR US$927.5 MLN * DEAL INVOLVES THE ACQUISITION SHARES OF 5.3 ...

  • The Wall Street Journal2 months ago

    [$$] Wynn Resorts Enters a New Galaxy

    Steve Wynn shed his stake in the casino giant he co-founded. On the same day, Wynn Resorts said it would issue a near-5% stake to rival Galaxy Entertainment. Both moves look sensible.

  • Reuters2 months ago

    Steve Wynn sells stake in company he founded, Macau casino Galaxy buys in

    Steve Wynn, the former chief executive of Wynn Resorts Ltd, has disposed his entire 11.8 percent stake in the firm for $2.1 billion in a dramatic exit of the casino and hotel enterprise he founded over 16 years ago. In an unexpected separate move, Macau casino operator Galaxy Entertainment said it has agreed to buy 5.3 million primary shares of Wynn Resorts at $175 per share, giving them around a 5 percent stake in the operator which has resorts in Las Vegas and Macau.

  • Steve Wynn exits as investor moves in
    Reuters Videos2 months ago

    Steve Wynn exits as investor moves in

    Steve Wynn sold his entire stake in the casino and hotel enterprise he founded just as a rival operator said it's buying a 5 percent stake in Wynn Resorts. Fred Katayama reports.