Galaxy Entertainment Group Reports Robust 2025 Gaming Revenue Results 

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Galaxy Entertainment Group reported stronger full-year 2025 results, driven by a rebound in gaming and robust performance at its flagship resort.

Galaxy Entertainment Group gaming revenue info graph

Key Takeaways:

  • Full-year 2025 adjusted EBITDA rose to HKD14.5 billion, driven by strong gaming sector recovery
  • Galaxy Macau generated HKD41 billion in revenue, with near-capacity hotel occupancy boosting performance
  • Company plans continued investment in entertainment to sustain growth beyond gaming into 2026

GEG reported that adjusted EBITDA rose to HKD14.5 billion and net profit attributable to shareholders reached HKD10.7 billion, as net revenue climbed to HKD49.2 billion. 

The company said fourth-quarter adjusted EBITDA jumped about 33% year-on-year to roughly HKD4.3 billion, lifting full-year gross gaming revenue to HKD49.1 billion. 

Mass gaming and electronic play both expanded while VIP GGR surged markedly.

Surging Gaming Revenue Fuels Earnings Rebound

The performance comes against a backdrop of broader market resilience. 

Macau’s gambling revenue demonstrated underlying strength despite an early-February slowdown, with analysts pointing to structural recovery in the mass segment and stabilising visitation trends.

Galaxy Macau accounted for the bulk of the gains, producing HKD41 billion in revenue and a significant increase in property-level adjusted EBITDA, supported by near-capacity hotel occupancy in the fourth quarter. 

Galaxy highlighted Capella at Galaxy Macau as a strategic lift to its super-premium mass offering.

According to GGR Asia, Chairman Francis Lui said, “With its ultra-luxury room product, Capella has allowed us to capture the super-premium mass segment more effectively at scale, further reinforcing our leadership in this high-value market.” 

The group is advancing Cotai Phase 4 with a greater emphasis on non-gaming attractions and family-oriented amenities, while maintaining dividend distributions and reallocating resources after the October 31, 2025 closure of Waldo Casino.