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GALAXY ENT 1Q Net Rev. Falls 1% QoQ to $11.2B
Recommend 2 Positive 11 Negative 6 |
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GALAXY ENT (00027.HK)'s net revenue for the first quarter ended March was $11.2 billion, up 6% YoY and down 1% QoQ. Adjusted EBITDA was $3.3 billion, up 16% YoY and 2% QoQ. During the period, the Company experienced a 64% YoY increase in Galaxy Macau's foot traffic. The Company was satisfied with its casinos' performance over the Chinese New Year and in particular the post Chinese New Year which experienced a longer tail than previously. During March, the Company made a few adjustments to Galaxy Macau's main gaming floor adding new electronic games which was partially disruptive for the month. AAStocks Financial News |
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