**StarWorld**
The Macau bounce back continued for Galaxy Entertainment Group, which generated revenue of $43.4bn in 2024, up 22 percent year-on-year, with gaming revenue increasing 30 percent to $41.1bn.
It now has its sights on revamping its StarWorld casino with major upgrades planned for the main gaming floor, the lobby, and its F&B options.
Mass GGR came in at $33.1bn, up 25 percent year-on-year, with VIP GGR at $5.3bn, up 55 percent year-on-year. Electronic GGR was $2.7bn, up 52 percent year-on-year. Galaxy Macau’s Adjusted EBITDA was $10.8bn, up 18 percent year-on-year. StarWorld Macau’s Adjusted EBITDA was $1.6bn, up 24 percent year-on-year. Broadway Macau’s Adjusted EBITDA was $24m, compared to $36m in 2023. In 2024, GEG played unlucky in its gaming operation, which decreased its Adjusted EBITDA by approximately $157m.
Francis Lui, Chairman of GEG said: “Throughout 2024 we continued to drive every segment of the business, particularly the premium mass, which remains the main profit driver. In a competitive market, we continue to allocate resources with discipline and focus on their most efficient use. During the year, we have seen entertainment and events play an important role in driving new and repeat customers to Macau.
“On the development front, we continue to progress with the fitting out of Capella at Galaxy Macau and the construction of Phase 4, which has a strong focus on non-gaming, primarily targeting entertainment and family facilities, and also includes gaming. During the year, we deployed smart tables across all of our casinos. We expect this technology to enhance overall operating efficiency and customer management. In addition, we continue to make enhancements to our resorts, including adding new F&B and retail offerings at Galaxy Macau. In the recently announced Forbes Travel Guide 2025 List, Galaxy Macau proved its unrivaled position as the integrated resort with the most Five-Star hotels under one roof of any luxury resort company worldwide for the third consecutive year.
“At StarWorld Macau, we are evaluating a range of major upgrades that include the main gaming floor, the lobby arrival experience, and increasing the F&B options. We have completed the upgrade of Level 3, and StarWorld Macau now hosts one of the largest scale Live Table Games (LTG) terminals in Macau.”
The post “Galaxy sets its sights on StarWorld overhaul as revenues increase by 22 percent” appeared first on G3 Newswire.
The Macau bounce back continued for Galaxy Entertainment Group, which generated revenue of $43.4bn in 2024, up 22 percent year-on-year with gaming revenue increasing 30 percent to $41.1bn. It now has its sights on revamping its StarWorld casino with major upgrades planned for the main gaming floor, the lobby, and its F&B…