VIP baccarat generates 55 pct of 2018 casino receipts

Galaxy Entertainment Group (GEG) and SJM Holdings reported yesterday their 2016 results.According to a GEG statement to the Hong Kong Stock Exchange, the company recorded a full-year net profit attributable to shareholders (NPAS) of HK$6.3 billion, an increase of 51 percent year on year including HK$500 million of non-recurring charges.Galaxy’s 2016 revenue increased 4 percent to HK$52.8 billion.PLEASE READ THE FULL ARTICLE IN OUR PRINT EDITION.

The value of Macau’s retail sales dipped by 0.5 percent year-on-year to 18.06 billion patacas, while the sales volume dropped by 0.7 percent, the Statistics and Census Bureau (DSEC) said yesterday.The value of sales of adults’ clothing and motor vehicles fell by 18.1 percent and 9.3 percent respectively, while the value of sales of cosmetics and sanitary articles rose by 15.9 percent and the one of communications equipment grew by 12.9 percent respectively.In the first three quarters, the