Macau casino operator Galaxy Entertainment Group has posted a 28 per cent year-on-year rise in net profit for the third quarter of 2016.
The company reported profit (group adjusted EBITDA) of HK$2.7bn (US$348.1m) for the quarter ended in September, a 28 per cent year-on-year rise, while revenue rose five per cent to HK$12.9bn.
In a filing to the Hong Kong Stock Exchange on Wednesday, the operator said it was “encouraged by the continuing signs of market stabilisation.”
Source: Asia Gaming Brief