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Galaxy Entertainment Group has emerged as one of Macau’s most resilient and forward-looking gaming giants in the first half of 2025. Reporting a robust net profit of HKD 5.24 billion (US $667.6 million), the company achieved a 19.4 percent year-on-year jump in earnings. Reflecting this confidence, Galaxy has declared an interim dividend of HKD 0.70 per share, payable on October 31, underscoring its commitment to shareholders amid ongoing market uncertainties.

The second quarter further cemented Galaxy’s upward trajectory. Net revenue climbed 10 percent year-on-year, reaching HKD 12.0 billion (US $1.53 billion), while Adjusted EBITDA rose 12 percent to HKD 3.6 billion. For the first half overall, net revenue amounted to HKD 23.2 billion, a growth of 8 percent, with Adjusted EBITDA up by 14 percent to HKD 6.9 billion—solid proof of Galaxy’s operational strength.

Galaxy’s flagship integrated resort, Galaxy Macau, played a starring role in these gains. Gross gaming revenue (GGR) for the property surged 20.5 percent year-on-year (and nearly 12 percent quarter-on-quarter) to HKD 10.7 billion (US $1.36 billion), with mass gaming contributing HKD 7.67 billion (US $977 million). Adjusted EBITDA at Galaxy Macau climbed 19.5 percent to HKD 3.33 billion (US $424 million), reaffirming its role as the group’s earnings engine.

At StarWorld, bad luck contributed to a 9.0 percent decline in GGR year-on-year to HKD 1.30 billion (US $166 million), with Adjusted EBITDA falling by 22.3 percent to HKD 303 million (US $39 million).

Meanwhile, Broadway Macau posted modest revenue and slim EBITDA figures.

A standout highlight of the quarter was Galaxy’s electrifying entertainment lineup, which shattered visitation records. Concerts by K-pop titan G-Dragon and beloved icon Jacky Cheung at Galaxy Arena helped set a new single-day foot traffic record of over 123,000 visitors. This surge helped drive a remarkable 65 percent year-on-year increase in overall footfall during the first half—a testament to the power of live entertainment and Galaxy’s diversified strategy.

Chairman Francis Lui attributed these stellar results to Galaxy’s multi-pronged execution: “We managed to drive every segment of the business, particularly the premium mass,” he said, while also crediting Galaxy’s events calendar for boosting Macau market share and foot traffic. His leadership in expanding the company’s non-gaming footprint—including large-scale concerts, MICE, and luxury offerings like Capella Macau (soft-launched in May)—continues to pay dividends. In earlier remarks, Lui expressed unwavering confidence in Macau achieving its 2025 gross gaming revenue target of MOP 240 billion, underscoring the group’s long-term optimism.

Mr. Lui also confirmed that the Waldo Casino will cease operations by the end of this year “due to commercial considerations.” He assured that all company employees working at the Waldo Casino “will be reallocated” to the group’s other properties and casinos. “Related departments will discuss the best options with the team members and provide them with a series of vocational training programmes to assist them in adapting to their new working environment. GEG would like to thank the Macau residents, patrons and the community for their support to the Waldo Casino over the years,” Lui stated.

Galaxy Entertainment is clearly riding a wave of momentum—balanced between traditional gaming revenues and fast-growing non-gaming attractions. With Capella Macau ramping up, a record-setting entertainment slate, and strategic workforce realignment, the company’s playbook for 2025 blends financial discipline with bold market positioning.