1. Homepage
  2. Equities
  3. Hong Kong
  4. Hong Kong Stock Exchange
  5. Galaxy Entertainment Group Limited
  6. News
  7. Summary
    27   HK0027032686

GALAXY ENTERTAINMENT GROUP LIMITED

(27)
  Report
Delayed Hong Kong Stock Exchange  -  04:08 2022-06-28 am EDT
47.75 HKD   +7.91%
04:12aMacau Casino Stocks Rise as China Eases Covid Rules
DJ
06/24GALAXY ENTERTAINMENT : GEG's Gaming Concession Extended Stands Ready for New Opportunities Ahead
PU
06/23Macau Extends Casino Licenses Until End of 2022
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Macau's gaming revenues tumble 94.5% in July on coronavirus impact

08/01/2020 | 01:10am EDT

HONG KONG, Aug 1 (Reuters) - Gambling revenue in Macau plunged 94.5% in July year-on-year, with casinos reeling from a lack of visitors in the world's biggest casino hub despite a loosening of quarantine restrictions which have seen only a modest rise in gamblers.

July's figure of 1.3 billion patacas ($162.89 million) was in line with analysts' expectations of a drop of around 95 percent.

Casinos are staring at heavy losses for the second quarter, with not much hope for a near-term recovery as a resurgence in coronavirus cases muddies the outlook for when China will reinstate travel visas.

Even after easing curbs for some travellers, Macau saw only around 2,000 visitors per day in July, a tiny fraction of the 108,000 daily average in 2019, as the individual travel scheme through which visitors from the mainland gain entry remains suspended. ($1 = 7.9810 patacas) (Reporting by Clare Jim; Writing by Farah Master; Editing by Kim Coghill)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
GALAXY ENTERTAINMENT GROUP LIMITED 7.91% 47.75 Delayed Quote.9.53%
MELCO RESORTS & ENTERTAINMENT LIMITED 5.11% 6.17 Delayed Quote.-39.39%
MGM CHINA HOLDINGS LIMITED 7.67% 4.63 Delayed Quote.-9.09%
SANDS CHINA LTD 11.66% 18.2 Delayed Quote.-10.24%
SJM HOLDINGS LIMITED 9.79% 3.7 Delayed Quote.-35.81%
WYNN MACAU, LIMITED 12.80% 5.55 Delayed Quote.-22.76%
All news about GALAXY ENTERTAINMENT GROUP LIMITED
04:12aMacau Casino Stocks Rise as China Eases Covid Rules
DJ
06/24GALAXY ENTERTAINMENT : GEG's Gaming Concession Extended Stands Ready for New Opportunities..
PU
06/23Macau Extends Casino Licenses Until End of 2022
MT
06/23Macau extends COVID shutdown of city, casinos stay open
RE
06/21Macau Lawmakers Approve Landmark Casino Reform Bill
MT
06/21Macau legislators pass landmark casino reform bill
RE
06/21STANLEY HO : Macau hotel locked down after COVID case, 700 people to be quarantined-media
RE
06/19Hong Kong-Listed Casino Stocks Fall on Macau Covid-19 Outbreak
DJ
06/16SJM Gets Clearance for Refinancing of $2.4 Billion Syndicated Loans
MT
06/14Macau to sign off on 6-month casino operator licence extensions -media
RE
More news
Analyst Recommendations on GALAXY ENTERTAINMENT GROUP LIMITED
More recommendations
Financials
Sales 2022 20 298 M 2 586 M 2 586 M
Net income 2022 1 960 M 250 M 250 M
Net cash 2022 20 531 M 2 616 M 2 616 M
P/E ratio 2022 104x
Yield 2022 0,80%
Capitalization 208 B 26 535 M 26 535 M
EV / Sales 2022 9,25x
EV / Sales 2023 4,89x
Nbr of Employees 17 157
Free-Float 49,3%
Chart GALAXY ENTERTAINMENT GROUP LIMITED
Duration : Period :
Galaxy Entertainment Group Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends GALAXY ENTERTAINMENT GROUP LIMITED
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 20
Last Close Price 47,75 HKD
Average target price 51,22 HKD
Spread / Average Target 7,27%
EPS Revisions
Managers and Directors
Robert Charles Drake Group Chief Financial Officer
Che Woo Lui Chairman
James Houghton Director-Information Systems & Technology
Wai Ling Lui Group Director-Human Resources & Administration
James Ross Ancell Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
GALAXY ENTERTAINMENT GROUP LIMITED9.53%23 328
EVOLUTION AB-23.92%20 239
FLUTTER ENTERTAINMENT PLC-25.26%18 990
SANDS CHINA LTD-10.24%15 569
ARISTOCRAT LEISURE LIMITED-20.13%15 567
ENTAIN PLC-20.62%9 668