Galaxy Entertainment Group (GEG) has announced its third quarter 2025 results, reporting net revenue of HK$12.2bn, up 14% year-on-year, alongside adjusted EBITDA of HK$3.3bn, also an increase of 14%.
Chairman Francis Lui noted that performance was impacted by two external factors. September typically marks a slower travel period before the October Golden Week, while Typhoon Ragasa prompted a 33-hour Government-ordered casino closure, which disrupted visitor traffic and delayed trip planning.
Despite these challenges, GEG maintained a robust financial position with HK$36.8bn in cash and liquid investments, and a net cash position of HK$34.8bn after debt. The company paid an interim dividend of HK$0.70 per share in October, reaffirming confidence in Macau's long-term prospects.
GEG said it hosted around 260 entertainment, sports and cultural events in the first nine months of 2025, resulting in a 41% year-on-year increase in foot traffic at Galaxy Macau.
Elsewhere, performances by Eason Chan, Jimmy O. Yang, Luhan and Jackson Wang have strengthened Macau's reputation as a cultural destination on the Asian continent.
Looking ahead, GEG plans to host UFC Fight Nights under a new four-year partnership with the Ultimate Fighting Championship, and has renewed agreements with TMElive, Damai Entertainment and Macau Pass to expand its entertainment offerings.
On the development front, the company continues work on Phase 4, featuring new hotel brands, a 5,000-seat theatre, retail and non-gaming amenities, scheduled for completion in 2027. The ultra-luxury Capella at Galaxy Macau and Horizon Plus have begun phased openings, with full launch expected by early 2026.
GEG also confirmed the closure of Waldo Casino on 31 October, assuring that all affected employees have been retained or redeployed in line with Government employment policies.
Last month, Galaxy Entertainment Group confirmed an executive changeover period as CFO Ted Chan stepped down from his post
