Daily Asia Gaming eBrief: Galaxy books $2.57B in 1H24 GGR, profits up 52%
Asia Gaming Brief
Asia Gaming Brief is a news, events and networking company focused on Asia Pacific’s rapidly expanding gaming industry.
Good morning.?Galaxy Entertainment Group had much to be happy about when announcing its first half year results. The operator saw a 52 percent uptick in profit, on the back of a gross gaming revenue tally that reached $2.57 billion. The group is now focused on ramping up its newest offerings and preparing its Phase 4 – set to be more family-focused, but including gaming. Meanwhile, Thailand continues to see a push and pull regarding its proposed IR bill, as the removal of the casino-friendly Prime Minister raises succession questions.
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RESULTS
Galaxy books $2.57B in 1H24 GGR, profit up 52%
Galaxy Entertainment Group registered heady results in the first half of the year, with gross gaming revenue rising to $2.57 billion, up by 37 percent yearly. Profits also rose by 52 percent, hitting $565 million. Mass market play continued to be strong and VIP made a resurgence. The group now aims to capitalize off its new Phase 4 – a family-focused expansion that also includes a gaming space.
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