Galaxy Entertainment Group Posts Stable Growth, Optimistic Outlook for 2025
Galaxy Entertainment Group (GEG), a leading casino operator in Macau, has announced its financial results for the first quarter of 2025, showing continued steady growth in both revenue and earnings.
Strong Start to 2025
GEG reported total gross gaming revenue (GGR) of HKD 10.9 billion (approximately $1.4 billion) for Q1, reflecting a 14% year-on-year increase. While this figure represented a modest decline from the previous quarter due to seasonal trends, it underscored the company’s solid market standing.
Breaking down the GGR, the mass market segment contributed HKD 8.2 billion ($1 billion), while the VIP segment accounted for HKD 2 billion ($257 million). Both sectors showed annual growth, along with the electronic gaming segment, which rose to HKD 729 million ($94 million).
Total net revenue for the first quarter stood at HKD 11.2 billion ($1.44 billion), up 6% year-over-year but showing a slight 1% dip compared to Q4 2024. Adjusted EBITDA for the quarter came in at HKD 3.3 billion ($425 million), representing a 16% increase from Q1 2024 and a 2% gain from the previous quarter.
Galaxy also reported a robust financial position, with HKD 33 billion ($4.25 billion) in cash and liquid assets as of the end of March. This strong liquidity, coupled with continued positive cash flow, positions GEG well for delivering greater shareholder value. Reflecting this confidence, the company’s board has proposed a final dividend of HKD 0.50 ($0.064) per share, payable in June 2025.
Leadership Confident in Future Growth
GEG Chairman Francis Lui expressed satisfaction with the quarterly performance, commending the company’s staff and the broader Macau industry for maintaining momentum in the face of persistent geopolitical uncertainty and global economic headwinds.
“During the quarter, we continued to drive every segment of the business, particularly premium mass, through our unparalleled products and service, ongoing property enhancements, diverse entertainment offerings, and smart table technology,” Lui said.
He also noted that GEG remained committed to enhancing its non-gaming offerings, including retail, dining, hotels, and a variety of entertainment venues. Highlights from the first quarter included major concerts and sporting events at the Galaxy International Convention Center.
Looking ahead, GEG is actively exploring development opportunities both within the Greater Bay Area and in international markets. The company is closely monitoring regulatory developments in Thailand as part of its global expansion strategy.
Despite potential macroeconomic challenges in 2025, Lui emphasized that the company is well-positioned to continue its growth trajectory. He thanked all team members for helping GEG deliver on its “World Class, Asian Heart” promise to customers.
- SCCG Management. The Gambling Industry’s Global Connector. Access Here.
- Source: SCCGManagement.com
