Morningstar

Galaxy Entertainment's 1st Half Net Rose on Strong Macau Tourism

Provided by Dow Jones

By Amanda Lee 




  Galaxy Entertainment's net profit rose in the first half of the year, supported by robust tourist arrivals in Macau, healthy hotel occupancy and sustained demand across both its gaming and non-gaming offerings. 



  Net profit for the six months ended June increased 0.8% compared with the same period a year ago to 5.28 billion Hong Kong dollars, equivalent to US$672.9 million, the casino operator said Wednesday. 



  Revenue rose 4.2% on year to HK$24.23 billion. 



  For the first half of 2026, total visitor arrivals to Macau climbed 9% on year to 20.9 million, said Francis Lui, chairman of Galaxy Entertainment. 



  Earnings were also supported by healthy hotel occupancy and sustained demand across both gaming and non-gaming offerings, Lui added. 



  The company's balance sheet remains healthy and liquid, with cash and liquid investments of HK$37.7 billion, Lui said. 



  "This financial strength allows us to fund our development pipeline, explore overseas opportunities and return capital to shareholders through dividends," Lui added. 



  The company announced an interim dividend of HK$0.90 per share. 



  Looking ahead, Galaxy Entertainment said it remains optimistic about its own outlook and the broader Macau market's. 



  Macau's medium-to-long term prospects continue to be driven by factors including resilient tourism and an expanding range of attractions, despite geopolitical and macroeconomic uncertainty, the company said. 





  Write to Amanda Lee at amanda.lee@wsj.com 





  (END) Dow Jones Newswires



  August 12, 2026 00:49 ET (04:49 GMT)


Copyright (c) 2026 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
				
 
  
 
 
 
 
September Stock Market Outlook: How to Position Your Portfolio During a Risky Stage
 
Excluding just seven stocks from our valuation, the remaining market is trading at fair value. 
 
 
David Sekera, CFA 
 
 
 
If You’re Worried About Your Bond Portfolio, You’re Missing the Point
 
For the safe part of your portfolio, err on the side of caution and get out of the timing business. 
 
 
Christine Benz 
 
 
 
Worried About a Stock Market Bubble? Here Are 5 Ways to Stay Invested
 
Here’s how concerned investors can participate in the US stock market while managing its risks. 
 
 
Dan Lefkovitz 
 
 
 
The 10 Best Dividend Stocks
 
These are the top dividend-paying stocks to buy today. 
 
 
Susan Dziubinski 
 
 
 
TIPS Look Tempting. Should You Buy?
 
Treasury Inflation-Protected Securities are sporting some of the highest yields ever, but there are a few caveats for investors to consider before making a purchase. 
 
 
Jeffrey Ptak, CFA 
 
 
 
 

			Sponsor Center