Galaxy Entertainment revenue steady in Q1 as casinos recover from pandemic
13th May 2021
| By Nosa Omoigui
Galaxy Entertainment recorded revenue figures of HK$5.10bn (£470m/$660m/€540m) for the first quarter of 2021, marking a slight 0.5% increase from the same period last year.
Gaming revenue was the biggest contributor with HKD3.86bn – slightly down from HKD4.0bn last year – while non-gaming sources from resorts generated HKD598m. The operator’s construction materials division, meanwhile, brought in HKD641m.
The Galaxy Macau casino proved to be the company’s biggest revenue source, bringing in HKD3.4bn. Although gaming revenue from the casino was down 5.9% to HKD2.88bn, the Galaxy Macau mall raised HKD292m – a 93.4% rise from last year.