Asia300

Galaxy Entertainment Group Ltd.

Hong Kong

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Apr 24, 2017
Prev close: 41.5
Apr 24, 2017
Market cap:
Market cap(USD):
177,522.04M
22,828.89M
Shares: 4,277.63M

Currency in HKD

Company profile

Market(Ticker): HKG(27)
Sector:
Industry:
Consumer Services
Casinos/Gaming
Full time employees: 20,500

Business summary

Galaxy Entertainment Group Ltd. is an investment holding company, which engages in the operation of casino games, and provision of hospitality and related services. The company operates through three segments: Gaming and Entertainment, Construction Materials and Corporate and Treasury Management. The Gaming and Entertainment segment performs the main activities of the company which is the operation of gaming facilities and provision of hospitality services. The Construction Materials segment operates through the company's subsidiary, K. Wah Construction Materials, which manufactures and sells construction materials in Hong Kong, Macau and China. The Corporate and treasury management segment comprises the corporate level activities such as central treasury management and administrative function. The company was founded by Lui Che Woo in 1955 and is headquartered in Hong Kong.

Company background

Galaxy Entertainment Group is a major operator of casinos in Macau.

When Macau authorities opened the gaming sector to foreign-affiliated companies in 2002, Galaxy Entertainment was quick to acquire a license. Rather than simply teaming up with Las Vegas-based companies, Galaxy sought to build expertise by running small and midsize casinos. In 2011, it opened the Galaxy Macau, a large resort in Cotai.

With the opening of the Galaxy Macau Phase 2 in May 2015, the resort's total floor area doubled to about 1.1 million sq. meters. Five luxury hotels, including The Ritz-Carlton, Hotel Okura and Banyan Tree, offer some 3,600 rooms. The complex also has a whirlpool and a 3,000-seat theater to attract families.

Plans for another two phases are expected to bring the company's total investment in Macau to about 100 billion Hong Kong dollars.

Chairman Lui Che-woo started out as an importer of building materials from Okinawa to Hong Kong after World War II. He made his fortune in the real estate and hotel businesses.

Galaxy's casino business is led by Deputy Chairman Francis Lui Yiu-tung, the chairman's first son.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 52,826.11M
Gross profit 30,289.49M
Operating income 6,110.15M
Income before tax 6,275.80M
Net income 6,283.39M
EBITDA 9,593.50M
Diluted EPS 1.46
Dividends per share 0
Total assets 66,261.03M
Total liabilities 19,398.01M
Total equity 46,345.35M
Operating cash flow 12,863.55M

Currency in HKD

Revenue 6,805.33M
Gross profit 3,902.04M
Operating income 787.14M
Income before tax 808.48M
Net income 809.45M
EBITDA 1,235.88M
Diluted EPS 0.18
Dividends per share 0
Total assets 8,546.33M
Total liabilities 2,501.95M
Total equity 5,977.61M
Operating cash flow 1,657.14M

Currency in USD

Valuation measures

Dec 2016

PER 22.94
ROA 10.33%
ROE 14.37%
Operating margin 11.56%
Profit margin 11.89%

Key executive

  • President: Michael Victor Mecca
  • Group Chief Financial Officer: Robert Charles Drake
  • Director-Information Systems & Technology: James Houghton
  • Director-Human Resources & Administration: Trevor Martin
  • Director-Strategic Planning: Chi Kay To

Share holders

  • LUI FAMILY /GALAXY ENTERTAINMENT/(31.8%)
  • Lui Che Woo Foundation Ltd.(6.9%)
  • LUI YIU TUNG(4.8%)
  • Capital Research & Management Co. (World Investors)(2.6%)
  • Capital Research & Management Co. (Global Investors)(2.4%)
  • Lui Che Woo Prize Ltd.(1.5%)
  • Invesco Advisers, Inc.(1.4%)
  • Black Creek Investment Management, Inc.(1.2%)
  • The Vanguard Group, Inc.(1.0%)
  • BlackRock Fund Advisors(0.7%)

Address

  • Website: http://www.galaxyentertainment.com
  • Address: Room 1606, 16th Floor, Hutchison House, Hong Kong, Hong Kong
  • Phone: +852.3150.1111

Copyright © 2017 FactSet Research Systems Inc. All rights reserved.