Galaxy Entertainment Reports 28% Profit Rise, Plans Expansion in Macau

Galaxy Entertainment Group reported a 28% increase in net profit for 2024, totaling HK$8.8 billion, alongside a 22% rise in net revenue to HK$43.4 billion. The company plans to enhance its non-gaming offerings and expand its capacity in Macau, aiming to attract more international tourists through major events. Its gross gaming revenue increased by 30%, with significant growth in both the mass market and VIP segments. With a robust financial position, including HK$31.3 billion in cash and minimal debt, Galaxy is well-positioned for future growth. Additionally, the company announced a final cash dividend of HK$0.5 per share, scheduled for distribution in June. These developments underscore Galaxy's strategy to leverage tourism trends and enhance its integrated resort offerings in Macau.