• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Galaxy Ent fourth Macau casino op to flag winter bonus

Jan 16, 2019 Newsdesk Latest News, Macau, Top of the deck  


Galaxy Ent fourth Macau casino op to flag winter bonus

Macau casino operator Galaxy Entertainment Group Ltd announced on Wednesday a discretionary bonus for its eligible employees at senior manager grade and below.

The press release about the award noted the group’s staff had helped it achieve “new heights” despite what it termed “emerging market challenges”.

“Although the gaming revenue has slowed down in recent months amid increased competition with newly opened properties, Galaxy Entertainment achieved a solid result overall last year,” said the announcement.

The casino operator has yet to announce to the Hong Kong Stock Exchange its fourth-quarter and full-year results.

In October, Galaxy Entertainment – which is only required to disclose its full operating numbers every six months in line with Hong Kong bourse rules rather than the quarterly data required of United States-listed or associated companies – reported third-quarter adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) equal to US$498 million. The figure was up 10 percent year-on-year but down 10 percent sequentially.

“Eligible team members will receive the 2018 discretionary bonus equivalent to one month of salary on January 31, 2019,” said the firm’s Wednesday statement. It added: “For team members who joined Galaxy Entertainment between January 2 and October 3 in 2018, their bonus will be calculated on a pro-rata basis according to their service days in the year.”

Galaxy Entertainment was the fourth Macau operator within seven days to announce some form of wintertime bonus for work done last year.


  • tweet
Related articles
  • Galaxy Ent 4Q EBITDA up 207pct sequentially: firm
    Galaxy Ent 4Q EBITDA up 207pct...

    Feb 25, 2021  

  • GEG in US$1.6bln construction deal on Galaxy Macau Phase 4
    GEG in US$1.6bln construction deal on...

    Feb 22, 2021  

More news
  • Aristocrat to launch EGM-based responsible gaming features
    Aristocrat to launch EGM-based...

    Feb 26, 2021  

  • Suncity to open clubs at Londoner Macao, Lisboa Palace
    Suncity to open clubs at Londoner...

    Feb 26, 2021  


Latest News

Aristocrat to launch EGM-based responsible gaming features

Aristocrat to launch EGM-based responsible gaming features

Feb 26, 2021  

Casino slot machine maker and digital games provider Aristocrat Leisure Ltd says it plans to launch in the first quarter this year a new product with responsible gaming features, which has already...
Read More
Suncity to open clubs at Londoner Macao, Lisboa Palace

Suncity to open clubs at Londoner Macao, Lisboa Palace

Feb 26, 2021  

Tech supplier Crane ups forecast for 2021 core sales

Tech supplier Crane ups forecast for 2021 core sales

Feb 26, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day


US$53.4 million

Adjusted EBITDA reported by Asian casino operator Melco Resorts and Entertainment for the fourth quarter of 2020



Most Popular

  • Macau casino GGR soared in final days of CNY: brokeragesMacau casino GGR soared in final days of CNY: brokerages February 23, 2021
  • Pansy Ho sells off more stock in MGM Resorts for US$36mlnPansy Ho sells off more stock in MGM Resorts for US$36mln February 23, 2021
  • Macau VIP challenged by changes in China: Galaxy Ent bossMacau VIP challenged by changes in China: Galaxy Ent boss February 25, 2021
  • Galaxy Macau Phase 3 MICE to launch in stages says execGalaxy Macau Phase 3 MICE to launch in stages says exec February 24, 2021
  • Melco’s Lawrence Ho hopeful on Macau recovery in MarchMelco’s Lawrence Ho hopeful on Macau recovery in March February 26, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us