Galaxy Entertainment Group (GEG) announced in a statement yesterday that its Full Year Group Net Revenue rose by 53 percent year-on-year to HK$19.7 billion last year.
According to the statement, Full Year Group Adjusted EBITDA reached HK$3.5 billion last year. Full Year Group net profit attributable to shareholders amounted to HK$1.3 billion. Both were negative in 2020.
“GEG played lucky in its gaming operation during 2021, which increased its Adjusted EBITDA by approximately HK$253 million,” the statement said.
According to the statement, GEG “will align the opening of Raffles at Galaxy Macau with prevailing market conditions, followed by the opening of Galaxy International Convention Centre and Andaz Macau, and proceeding with the construction of remaining phases.”
The statement quoted GEG Chairman Lui Che Woo as saying: “We were encouraged by the performance of the recent Chinese New Year holiday.” Lui also said he “would like to acknowledge the Macau government for acting decisively and effectively controlling the [COVID-19] pandemic.”
Undated file photo of GEG’s Galaxy Macau hotel-casino resort in Cotai downloaded from the company’s official website yesterday.
