Galaxy Entertainment 1st Half Net Profit Rose on Stronger Macau Tourism, Mega Events
By Tracy Qu
Galaxy Entertainment's net profit rose in the first half of the year, helped by solid momentum for Macau tourism and entertainment events.
Net profit climbed to 5.24 billion Hong Kong dollars, equivalent to $667.52 million, compared with HK$4.39 billion in the first half of last year, the casino operator said Tuesday.
Revenue increased 8.3% on year to HK$23.25 billion.
The company also announced an interim dividend of HK$0.70 per share.
The earnings growth was on the back of solid momentum for Macau tourism. Visitor arrivals to Macau were 19.2 million in the first half of the year, up 15% on year, according to its filing.
Mega entertainment events have also "resulted in a substantial increase in gaming, retail, food and beverage and hotel revenues", it said.
The company noted that it remains confident in Macau's outlook, citing the ongoing improvement in transportation infrastructure making it easier to travel to and from Macau, as well as within Macau.
Write to Tracy Qu at tracy.qu@wsj.com
(END) Dow Jones Newswires
August 12, 2025 01:50 ET (05:50 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
The 7 Best Dividend Aristocrats to Buy Now for the Long Term
The Surprising Stocks Beating the Market in 2026
Our Best Investment Portfolio Examples for Savers and Retirees
4 Undervalued Stocks That Just Raised Dividends
United States