Galaxy Entertainment’s net profit rose in the first half of the year. according to arrive Various media Reportthe growth was mainly due to the strong performance of Galaxy Macau Resort.
The casino operator said net profit rose 52% from the same period last year to HK$4.39 billion ($563.3 million), noting that “Galaxy Macau is the main contributor to the group’s revenue and earnings.”
A rebound in tourism in the Hong Kong Special Administrative Region was also a factor, with Galaxy Entertainment Group noting that visitor numbers grew 44% to 16.7 million in the first half of 2024.
[See more: Macao’s full-year gross gaming revenue could reach nearly US$30 billion]
The group’s overall revenue increased by 37% to HK$21.47 billion (US$2.75 billion), of which Galaxy Macau Resort’s revenue in the first half of the year reached HK$16.96 billion (US$2.17 billion), an increase of 42.5% over the same period last year.
The company also declared an interim dividend of HK$0.50 (US$0.06) per share.
Galaxy Entertainment added: “These dividends demonstrate our confidence in the long-term prospects of Macau and our company.”
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