|Bid||67.050 x 0|
|Ask||67.100 x 0|
|Day's range||66.600 - 68.250|
|52-week range||33.750 - 68.250|
|PE ratio (TTM)||45.52|
|Forward dividend & yield||0.00 (1.75%)|
|1y target est||65.62|
Macau casino operator Galaxy Entertainment Group Ltd plans to invest as much as $500 million to build an integrated casino-resort in the Philippines, the company and Manila's gaming regulator said on Friday. Galaxy and local partner Leisure and Resorts World Corp are seeking regulatory approval for the $300-$500 million casino project in the central Philippine island of Boracay, Philippine Amusement and Gaming Corp (Pagcor) President Alfredo Lim told Reuters.
Galaxy Entertainment Group Ltd. is planning to develop a resort in the Philippines as casino operators seek out new markets for growth.
Dragon Inc, which is looking to raise more than $400 million in what would be the world's largest initial coin offering (ICO), is betting its focus on Asia's booming gambling industry can lure investors despite mounting concerns over a bubble forming in the virtual currency bitcoin. Dragon Chief Executive Chakrit Ahmad told Reuters the company had secured four junket partners - operators that connect China's wealthy punters to casinos in Macau and elsewhere - who had already committed a total $265 million in a private sale of the tokens, accounting for more than half of those available. In a proposal paper reviewed by Reuters, Dragon said its business model uses blockchain technology to get around the costly credit processes often used by the opaque junket industry, which contributes to more than half of gambling revenues in the Chinese territory of Macau.
Casinos in the world's biggest gambling hub of Macau posted a 22.6 percent revenue jump in November from a year earlier, marking the sixteenth consecutive month of growth, government data showed on Friday. Revenue reached 23 billion patacas (£2.12 billion), data from Macau's Gaming Inspection and Coordination Bureau showed, the second highest monthly tally this year and compared with analysts' growth estimates of 16 to 22 percent. The result reflects continued recovery for casinos in the only Chinese territory where casino gambling is legal.
Nov 9 (Reuters) - Galaxy Entertainment Group Ltd: * Q3 group adjusted EBITDA of HK$3.5 billion, up 31 percent * Q3 group revenue HK$15.9 bln, up 23 percent Source text for Eikon: Further company coverage: ...
Las Vegas Sands (LVS.N), the casino behemoth owned by U.S. billionaire Sheldon Adelson, said on Wednesday it plans to spend $1.1 billion on new projects in the world's largest gambling hub, including building a London-themed attraction. Sands, which owns five properties in the Chinese territory of Macau via its subsidiary Sands China (1928.HK), said it would renovate and rebrand Sands Cotai Central as The Londoner Macao by 2020. Sands Cotai Central has been one of the company's weakest properties, analysts said, due to its lack of character and tourist appeal when compared with Sands' gondola-filled Venetian or its Parisian property that features a replica Eiffel Tower.
HONG KONG (Reuters) - Casinos in the world's biggest casino hub of Macau extended a 14 month winning streak in September with revenue up 16.1 percent, priming for a bumper national holiday week which is ...