Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  Galaxy Entertainment Group Limited    0027   HK0027032686

GALAXY ENTERTAINMENT GROUP LIMITED (0027)
Mes dernières consult.
Most popular
  Report  
SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Macau casinos post first annual revenue gain in 3 years

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/01/2018 | 08:05am CEST
FILE PHOTO: Casinos are seen in a general view of Macau

Gaming revenue in the Chinese territory of Macau rose for the first time in three years in 2017 as high-end punters' appetite for gambling recovers after a protracted government campaign against shows of wealth among public officials and slowing economic growth.

Figures from Macau's Gaming Inspection and Coordination bureau on Monday showed revenues rose 19 percent for 2017 to 265.7 billion patacas ($33.13 billion).

Analysts had expected 2017 full-year growth of 18-20 percent to $33 billion to $34 billion.

The former Portuguese colony and now special administrative region is clambering back after revenue plunged to five-year lows in 2014.

But revenue is still far off the highs hit ahead of 2014, hovering only around monthly tolls seen in 2011, data from Thomson Reuters Datastream showed.

Monthly gambling revenue in December was up 15 percent to 22.7 billion patacas, slightly lower than analysts' expectations for growth of 17-20 percent.

Winnings have been higher for operators such as Sands China Ltd (>> SANDS CHINA LTD.), Wynn Macau Ltd (>> Wynn Macau Ltd), Galaxy Entertainment Group Ltd (>> Galaxy Entertainment Group Limited) and Melco Resorts & Entertainment Ltd <MLCO.O> which have casinos on the Cotai strip - a stretch of reclaimed land which now boasts some of Macau's most opulent properties.

SJM Holdings Ltd (>> SJM Holdings Limited) and MGM China Holdings Ltd (>> MGM China Holdings Ltd), which do not yet have a presence on Cotai, have seen market share erode ahead of new openings along the strip.

MGM is due to open its new resort in January 2018 while SJM is not expected to open until closer to 2019, analysts said.

(Reporting by Farah Master; Editing by Christopher Cushing and Kim Coghill)

Stocks mentioned in the article
ChangeLast1st jan.
LAS VEGAS SANDS CORP. 0.47% 74.08 Delayed Quote.6.61%
MGM CHINA HOLDINGS LTD 1.05% 17.3 End-of-day quote.-24.78%
MGM RESORTS INTERNATIONAL 0.55% 31.12 Delayed Quote.-6.80%
SANDS CHINA LTD. 1.21% 41.75 End-of-day quote.5.30%
SJM HOLDINGS LIMITED 3.32% 9.95 End-of-day quote.43.17%
WYNN MACAU LTD 1.23% 24.6 End-of-day quote.2.50%
WYNN RESORTS 0.48% 166.03 Delayed Quote.-1.52%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GALAXY ENTERTAINMENT GROUP
06/27GALAXY ENTERTAINMENT : GEG Voted Most Honored Company at Institutional Investor&..
PU
06/27GALAXY ENTERTAINMENT : VOTED MOST HONORED COMPANY WITHIN THE GAMING AND LODGING ..
PU
06/12GALAXY ENTERTAINMENT : GEG Donates MOP400,000 to Anima Macau to Support Animal R..
PU
05/23GALAXY ENTERTAINMENT : GEG Organizes Community Outreach Programs during Local Cu..
PU
05/16GALAXY ENTERTAINMENT : GEG Announces 70-Day Paid Maternity Leave to Promote Fami..
PU
05/03GALAXY ENTERTAINMENT GROUP : Announces Selected Unaudited Q1 2018 Financial Data
PR
05/03GALAXY ENTERTAINMENT GROUP LIMITED : Proxy Statments
CO
04/30GALAXY ENTERTAINMENT : GEG Supports the First “HUSH!! GEG Silent Disco&rdq..
PU
04/30GALAXY ENTERTAINMENT : GEG is First Gaming Operator to Hold Employee Training on..
PU
04/20In Vietnam, a mega casino rises with the help of a Macau junket company
RE
More news
News from SeekingAlpha
07/16Union Gaming adjusts Macau revenue estimates 
07/11Nomura reels in Macau revenue estimates for 2019 
07/10Macau stocks seen at risk from trade war 
07/09Macau sector rallies as focus turns to Q3 
07/02Macau sector slides after June GGR disappoints 
Financials ( HKD)
Sales 2018 74 275 M
EBIT 2018 13 372 M
Net income 2018 13 105 M
Finance 2018 12 611 M
Yield 2018 1,39%
P/E ratio 2018 20,08
P/E ratio 2019 18,51
EV / Sales 2018 3,50x
EV / Sales 2019 3,14x
Capitalization 272 B
Chart GALAXY ENTERTAINMENT GROUP
Duration : Period :
Galaxy Entertainment Group Technical Analysis Chart | 0027 | HK0027032686 | 4-Traders
Technical analysis trends GALAXY ENTERTAINMENT GROUP
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 79,3  HKD
Spread / Average Target 26%
EPS Revisions
Managers
NameTitle
Che Woo Lui Chairman
Robert Charles Drake Group Chief Financial Officer
James Houghton Director-Information Systems & Technology
James Ross Ancell Independent Non-Executive Director
Michael Victor Mecca Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
GALAXY ENTERTAINMENT GROUP LIMITED6.14%34 705
SANDS CHINA LTD.5.30%42 468
WYNN MACAU LTD2.50%16 093
ARISTOCRAT LEISURE LIMITED33.08%14 950
MELCO RESORTS & ENTERTAINMENT LTD(ADR)-13.05%12 276
PADDY POWER BETFAIR0.00%9 104