Galaxy posts 14% rise in Q3 revenue despite typhoon impact

Galaxy Entertainment Group (GEG) reported a 14% year-on-year increase in group net revenue to HKD12.2 billion for the third quarter of 2025, with adjusted EBITDA rising to HKD3.3 billion.

Chairman Francis Lui attributed the gains to solid fundamentals despite seasonal headwinds and the temporary closure of casinos during Typhoon Ragasa.

“September is typically a slower month as many visitors defer their planned trips to October,” he said. “The typhoon resulted in the government mandating that all casinos officially closed for 33 hours… and after the typhoon it takes a few days before people commence to plan their next trip.”

The group maintained what Lui called a “healthy and liquid” balance sheet, with HKD36.8 billion in total cash and investments and a net position of HKD34.8 billion after debt.

GEG paid an interim dividend of HKD0.70 per share in October, reflecting “continued confidence in the longer-term outlook of Macau and for the Company.”

Meanwhile, according to Lui, the gaming operator has been investing “heavily into technology” over the past 18 months, and the economic benefits from these investments are already being seen.

“This has included the implementation of smart tables, consolidating data information, and deepening our data analytics capability. The purpose of these programs is to ensure that we more fully understand our customers and that we are in a position to provide the best service and experience to our valuable guests,” the executive said.

GEG continues to align with the government’s goal of promoting Macau as a “City of Performing Arts,” hosting around 260 events this year, from Eason Chan’s concerts to Jimmy O. Yang’s comedy show, contributing to a 41% year-on-year rise in foot traffic at Galaxy Macau.

The company also announced new partnerships, including a four-year deal with the UFC and a renewed agreement with Tencent Music’s TMElive.

In terms of development, Phase 4 of Galaxy Macau, featuring new luxury hotel brands, a 5,000-seat theatre, and expanded non-gaming amenities, is scheduled for completion in 2027.