News Snapshot:
Galaxy revenue plummets in H1 amid Macau travel restrictions Asian casino operator Galaxy Entertainment Group (GEG) saw revenue for the six months to 30 June drop 76.3% with the operator expecting further headwinds from the ongoing impact of novel coronavirus (Covid-19) on its Macau venues. The group’s gross gaming revenue came to $6.01bn (£591.7m/€654.5m/$774.9m), down 80.4%. After deducting commission payments and bonuses, net gaming revenue came to €4.32bn, down 80.6%. The business made an additional $679m from its non-gaming division, down 74.4%, and a further $1.22bn from its construction materials division, which represented a drop of 8.3%. This resulted in...
