Description
Galaxy Entertainment Group Limited operates in the hotel and casino sector as a publicly listed company. They own and oversee a collection of resorts, shopping centers, restaurants, hotels, and gaming facilities situated in Macau.
This comprehensive document covers general information, employee statistics, company strategy, dividend details, balance sheet overview, and critical assessment.
Research Goals and Objectives
Research Objective: To study Galaxy Entertainment Group Limited publicly available financial information, determine the company's development strategy, and compile an overview of its annual financial reports.
Research Tasks:
- Find the company’s comprehensive financial and corporate information;
- Analyze the gathered information;
- Draw conclusions based on the analyzed data.
Disclaimers
The information collected in this report reflects data from the company's public reports and is not questioned or verified via other sources. In other words, information from the company's public reports is taken and used as is.
If additional information from other sources is used or if the data used is reflective of the researcher's personal opinion, this will be labeled accordingly.
Document Markup
- FY - Financial Year;
- GEG - Galaxy Entertainment Group;
- This report uses the American number format: a period is used as the decimal separator, while commas separate thousands;
- Year-over-year (YoY) calculations of relative values were not performed in cases where last year's profit changed to a loss in the current year and vice versa within the scope of the current report;
- Galaxy Entertainment Group Limited report period is from January 1 to December 31, 2023;
- The specified financial year coincides with the calendar year.
Short Insights
Valuable insights extracted from the report:
- Galaxy Entertainment Group Limited is a publicly traded company that operates within the hotel and casino industry.
- Revenue Breakdown by Region in FY23: Macau accounted for 93.19% of total revenue, totaling 33,254.050 million HKD, Hong Kong contributed 5.72% of total revenue, amounting to 2,042.548 million HKD, Mainland China represented 1.09% of total revenue, generating 387.655 million HKD.
- In 2017, Galaxy Entertainment Group received backlash online for allegedly asking its staff to volunteer for pool cleaning at its resort instead of participating in street cleaning like other organizations in the city.
