Galaxy Entertainment Q1 earnings fall steeply

2015/4/16

From：Macau Business

Macau casino operator Galaxy Entertainment Group Ltd has announced that its adjusted earnings before interest, tax, depreciation and amortisation in the first quarter of this year were HK$2.3 billion (about US$297 million), 40 percent less than a year earlier.

Galaxy Entertainment said its revenue contracted by 32 percent to HK$13.7 billion.

Revenue from VIP gaming shrank by 41 percent to HK$8.7 billion and revenue from the mass market decreased by 16 percent to HK$4.3 billion.

Copyright@Macau Business