GXYYY - Galaxy Entertainment Group Limited

Other OTC - Other OTC Delayed Price. Currency in USD
35.15
+3.48 (+10.99%)
At close: 12:55PM EDT
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Previous close31.67
Open34.82
Bid0.00 x 0
Ask0.00 x 0
Day's range34.82 - 35.15
52-week range23.29 - 40.80
Volume4,568
Avg. volume1,800
Market cap31.631B
Beta (5Y monthly)N/A
PE ratio (TTM)N/A
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • Galaxy Entertainment Group: Selected Unaudited Q1 2020 Financial Data
    Business Wire

    Galaxy Entertainment Group: Selected Unaudited Q1 2020 Financial Data

    Galaxy Entertainment Group ("GEG", "Company" or the "Group") (HKEx stock code: 27) today reported selected unaudited financial data for the three-month period ended 31 March 2020. (All amounts are expressed in HKD unless otherwise stated)

  • Reuters

    RPT-FOCUS-Pandemic-hit Macau casinos look to play the long game with cash pile

    Light on debt and cash rich, Macau's Galaxy Entertainment is bleeding $3 million daily in operating cost as the coronavirus crisis upends its casino business. Having enjoyed robust earnings growth in recent years, thanks to insatiable gaming demand from mainland Chinese, the balance sheets of Macau's casino operators stand tall over those in Las Vegas, which are saddled with much higher debt. A Reuters calculation shows the Macau casino operators came into 2020 with a cumulative cash position of just over $12 billion, providing a solid buffer to tide over the lean times.

  • Pandemic-hit Macau casinos look to play the long game with cash pile
    Reuters

    Pandemic-hit Macau casinos look to play the long game with cash pile

    Light on debt and cash rich, Macau's Galaxy Entertainment <0027.HK> is bleeding $3 million (£2.4 million) daily in operating cost as the coronavirus crisis upends its casino business. Having enjoyed robust earnings growth in recent years, thanks to insatiable gaming demand from mainland Chinese, the balance sheets of Macau's casino operators stand tall over those in Las Vegas, which are saddled with much higher debt. A Reuters calculation shows the Macau casino operators came into 2020 with a cumulative cash position of just over $12 billion, providing a solid buffer to tide over the lean times.

  • Reuters

    Focus: Pandemic-hit Macau casinos look to play the long game with cash pile

    Light on debt and cash rich, Macau's Galaxy Entertainment is bleeding $3 million daily in operating cost as the coronavirus crisis upends its casino business. Having enjoyed robust earnings growth in recent years, thanks to insatiable gaming demand from mainland Chinese, the balance sheets of Macau's casino operators stand tall over those in Las Vegas, which are saddled with much higher debt. A Reuters calculation shows the Macau casino operators came into 2020 with a cumulative cash position of just over $12 billion, providing a solid buffer to tide over the lean times.

  • Reuters

    Only masked punters: Macau casinos reopen after coronavirus suspension

    HONG KONG/MACAU Feb 19 (Reuters) - Casinos in Macau, the world's biggest gambling hub, reopen on Thursday after being closed for two weeks because of the coronavirus epidemic, but all punters and croupiers will have to wear a mask at the tables. Casino executives and residents say revenue will remain badly crimped in the Chinese territory's 41 casinos and the businesses dependent on them because of the health restrictions and strict entry regulations on tourists. Macau makes over 80 percent of its revenues from casinos but tourist visits have all but dried up.

  • Reuters

    Macau casino revenue drops 11.3 percent in Jan as coronavirus worries mount

    Gambling revenue in the Chinese territory of Macau dropped 11.3 percent in January year-on-year, with the world's biggest casino hub a near ghost town after authorities announced a raft of measures to keep visitors away and contain a fast-spreading new coronavirus. January's figure of 22.1 billion patacas ($2.76 billion) was worse than analyst expectations of a drop of around 2 percent - estimates that were made prior to the implementation of visitor restrictions last week.

  • Reuters

    HK's Melco cooperating with Japan casino bribery probe - source

    Hong Kong casino operator Melco Resorts & Entertainment Ltd is cooperating with Japanese prosecutors in a widening bribery investigation of a senior Japanese ruling party lawmaker, a source said on Wednesday. "Tokyo prosecutors sent Melco a letter and visited the office on Jan 17 after receiving no reply," said the source, who was briefed on the matter. Melco's office was empty that day, but it is now cooperating with investigators, he said.

  • Reuters

    China virus turns Macau into gambling ghost town

    The Chinese territory of Macau has become a near-ghost town during what is typically the busiest time of year in the world's biggest casino hub, after authorities announced a raft of measures to keep visitors away and contain the new coronavirus. The local government late on Tuesday said it would curb its individual visit scheme through which visitors gain entry from mainland China, days after it suspended inbound package tours. The steps come as deaths from the coronavirus reached 132 in China on Wednesday with 1,500 new cases.

  • Reuters

    UPDATE 1-China picks new leaders for Macau, replaces economy chief

    China has appointed a slate of new officials to head the world's top gambling hub of Macau, changing key roles including the city's economy and justice secretaries. The appointments in Macau, a special administrative region of China, come as the city's casino industry is experiencing tumbling revenues and ahead of an expected visit by President Xi Jinping this month to mark 20 years of Chinese rule. Macau, which neighbours China's other special administrative region, Hong Kong, announced the changes on a government website late on Sunday.

  • Reuters

    Macau casino revenue slides 8.5% in November

    Gambling revenue in the Chinese territory of Macau dropped 8.5% in November year on year, hit by lacklustre demand from high roller gamblers due to slowing economic growth amid the ongoing Sino-U.S. trade war and protests in neighbouring Hong Kong. November's figure of 22.9 billion patacas ($2.8 billion), the second weakest figure this year, comes as some high roller players delay trips to Macau, analysts said. While protests in the Asian financial hub of Hong Kong have caused transport disruption and deterred travel to the former British colony and then on to Macau, analysts and executives say the impact on gaming revenues has been minimal.

  • Reuters

    UPDATE 1-Macau casino revenue drops in October as territory marks Chinese anniversary

    Gambling revenue in the Chinese territory of Macau dropped 3.2%in October, as the U.S.-China trade war and political turmoil in neighbouring Hong Kong tempered demand from high rollers. The lower revenue was also partly because high rollers stayed away during national holidays earlier in the month, when Macau joined celebrations for the 70th anniversary of the founding of the People's Republic of China. Anti-government protests in the Chinese-controlled Hong Kong have disrupted transport and deterred travel to Macau in recent months, and while analysts say the impact on gaming has been minimal, the turmoil has added to a gloom stemming from a softening Chinese economy and weaker yuan currency.

  • Reuters

    Macau casino revenue drops 3.2% in October

    Gambling revenue in the Chinese territory of Macau dropped 3.2%in October year on year, hit by tempered demand from high-roller gamblers due to slowing economic growth amid the Sino-U.S. trade war and protests in neighbouring Hong Kong. October's figure of 26.4 billion patacas ($3.27 billion) comes after China celebrated its 70th anniversary of the founding of the People's Republic at the start of the month.

  • 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

    Don't 'mess up Macau': gambling hub set to choose Beijing-backed leader

    The Chinese territory of Macau is set to elect as leader the only candidate for which it is allowed to vote: a Beijing-backed former legislator who is expected to cement China's control over the special administrative region and distance it from escalating 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. "Many people expressed they do not want to mess up Macau," Ho told local media this week, explaining that he had heard much opposition to the protests that have plunged Hong Kong into its deepest political crisis since its handover to Beijing in 1997.

  • 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

    UPDATE 1-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 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

    Beijing-backed candidate announces bid to lead casino hub of Macau

    The head of the legislature in Macau, the world's biggest gambling hub, formally declared his candidacy on Tuesday in the race to run the Chinese-controlled territory for the next five years. The political leader Macau chooses in the elections set for Aug. 25 will work with mainland authorities and be instrumental in the award of new casino licenses, a process closely watched by industry officials and investors. Ho Iat Seng, the main contender in the elections to pick Macau's chief executive, is Beijing's favoured candidate, industry experts say, and has won the public backing of the enclave's political elite.

  • 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.