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Strong Q1 for Galaxy Entertainment as Macau gaming market lifts off

23rd May 2023 10:36 am GMT
Evolution

Hong Kong-listed casino operator Galaxy Entertainment Group has reported a 72 per cent increase in net revenue to HK$7.05 billion for the first quarter of 2023, with operations in Macau benefiting from the end of Covid restrictions in January.

Net gaming revenue rose by 80 per cent year-on-year to $2.90 billion, while non-gaming revenue increased by 24 per cent to $623 million, offsetting a 28 per cent decline in revenue from construction materials to $575 million.

Galaxy [...]

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