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Galaxy Entertainment Group Reports Q4 & Annual 2020 Results


Full Year Net Revenue of $7.8 billion, down 79% year-on-year
Full Year Adjusted EBITDA of $(0.9) billion versus $12.6 billion in 2019
Q4 Net Revenue of $3.3 billion, down 64% year-on-year and up 430% quarter-on-quarter
Q4 Adjusted EBITDA of $0.7 billion, down 77% year-on-year and up 193% quarter-on-quarter
Played unlucky in Q4 which decreased Adjusted EBITDA by approximately $41 million, normalized Q4 Adjusted EBITDA of $0.8 billion, down 74% year-on-year and up 199% quarter-on-quarter
Hotel occupancy for Q4 across the five hotels was 49%
 
Full Year Net Revenue of $2.2 billion, down 80% year-on-year
Full Year Adjusted EBITDA of $(0.3) billion versus $3.5 billion in 2019
Q4 Net Revenue of $1.0 billion, down 64% year-on-year and up 380% quarter-on-quarter
Q4 Adjusted EBITDA of $0.2 billion, down 81% year-on-year and up 167% quarter-on-quarter ....

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Macau Targeting 2025 for Cotai Strip to Hengqin Rail Line


Officials in Macau are targeting 2025 to complete a railway transportation system linking the islands of Cotai and Hengqin.
Travelers take a selfie outside the Hengqin border checkpoint. The station will one day be serviced by a rail line connecting Macau’s Cotai Strip to the Hengqin island. (Image:
Xinhua)
The Macau Light Rapid Transit (LRT) rail system currently serves much of the Cotai area. The transportation network runs from the Taipa Ferry Terminal at Macau International Airport, south to the Lotus Checkpoint, and then northwest to Ocean Park.
In the coming years, Macau will extend the LRT west across the Lotus Bridge into Hengqin. The roughly 1.4-mile extension will include half a mile underground. ....

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GGRAsia – Feb flights maybe 30 pct up on Jan says Macau airport


Macau International Airport (pictured in file photo) is likely to handle 1,128 commercial flight movements for the 28 days of February, or approximately 40 a day. While for the the 31 days of January, the airport handled an aggregate of 870 commercial flight movements, or about 28 a day.
The estimated February commercial flight movements would represent 29.7 percent increase when compared to the aggregate flight movements recorded in January. According to data provided to GGRAsia by the airport operator, most of the February flights are for destinations in mainland China, the only place to have a largely quarantine-free travel bubble with Macau.
The February flight estimate is based on applications made by airlines, said Macau International Airport Co Ltd, a body also known as CAM. The firm noted the eventual February flight tally could be affected by the Macau government’s advice to the local public warning against non-essential trips outside the city during the Chines ....

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