Trade Galaxy Entertainment Group Limited - 0027 CFD

About Galaxy Entertainment Group Limited

Galaxy Entertainment Group Limited (GEG) is a hospitality and gaming company. The Company develops and operates hotels, gaming and integrated resort facilities in Macau. The principal activity of the Company is investment holding. The Company, through its subsidiaries, is engaged in operation in casino games of chance or games of other forms, provision of hospitality and related services in Macau, and the manufacture, sale and distribution of construction materials. Its segments are Gaming and entertainment, Construction materials, and Corporate and treasury management. The Company's Galaxy Macau includes approximately 3,600 rooms, suites and villas across five hotels, including The Ritz-Carlton, Macau; Banyan Tree Macau; JW Marriott Hotel Macau; Hotel Okura Macau, and Galaxy Hotel. The Company's Broadway Hotel features approximately 320 rooms and suites, a porte-cochere, valet parking and decor. GEG operates three City Club casinos: Waldo Casino, President Casino and Rio Casino.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Galaxy Entertainment Group Limited revenues increased 53% to HK$19.7B. Net income totaled HK$1.33B vs. loss of HK$3.97B. Revenues reflect Gaming and Entertainment segment increase of 64% to HK$16.67B, Macau segment increase of 64% to HK$17.16B, Occupancy - %-Starworld increase of 14% to 65%. Net Income reflects Amortisation and depreciation decrease of 20% to HK$2.26B (expense).

Equity composition

11/05, Company name changed from K.Wah Construction Materials Limited.01/1999, Rights Issue, 1 new share for every 3 shares held @ HKD .42 (Factor: 1.032258)