Casino operator Galaxy Entertainment Group (GEG) hailed Galaxy Macau as its “primary driver to group earnings,” as full-year revenue rose 22 per cent in 2024.
Group net revenue hit HK$43.4bn (£4.4bn), helped by a nine per cent year-on-year rise in net revenue to $11.3bn (£1.15bn).
Full-year adjusted EBITDA climbed 22 per cent to $12.2bn (£1.24bn), with the Q4 figure up 15 per cent year-on-year and up 10 per cent quarter-on-quarter.
At Galaxy Macau, full-year net revenue climbed 24 per cent to $34.5bn (£3.52bn) with adjusted EBITDA rising 18 per cent year-on-year to $10.8bn (£1.1bn).
Q4 net revenue and adjusted EBITDA at Galaxy Macau were $9.1bn (£927.7m), up 12 per cent year-on-year and up nine per cent from Q3, and $2.8bn (£285.4m), up 11 per cent year-on-year and up 11 per cent quarter-on-quarter.
“During the year we deployed smart tables across all of our casinos. We expect this technology to enhance the overall operating efficiency and customer management,” said Francis Lui, chairman of GEG.
“In addition, we continue to make enhancements to our resorts including adding new F&B and retail offerings at Galaxy Macau. In the recently announced Forbes Travel Guide 2025 List, Galaxy Macau proved its unrivalled position as the integrated resort with the most five-star hotels under one roof of any luxury resort company worldwide for the third consecutive year.”
