Te GGR for Q1 2020 for the group was HK$5.5bn with net revenues of HK$5.1bn (down 61 per cent compared to Q1 2019) whilst the GGR for Q2 2020 for the group was HK$485m with net revenues of HK$1.15m (down 91 per cent year on year).
Starworld Macau is GEG’s first five star flagship in Macau peninsula and is a 39 storey hotel with 500 rooms, casino, dining and entertainment. It opened in 2006 and saw net revenues of MOP11.2bn in 2019. Net revenues for first half 2020 were HK$1.08bn compared to HK$5.74bn (H1 2019)
Galaxy Macau opened in 2011 and expanded in 2015 adding further hotels to bring the resort total to six hotels with 3,600 rooms including the Broadway Macau. Tere is a water park, mini beach, more than 120 restaurants and 200 shops. It is the group’s biggest earner with MOP38.5bn in net revenue in 2019. Net revenues for first half 2020 were HK$3.85bn compared to HK$18.7bn same period 2019.
Te Broadway Macau is a smaller hotel which opened in 2015 as part of the Galaxy Macau expansion. It offers 320 rooms and has a 3,000 seat theatre. Tere is VIP gaming and this casino saw net revenues of MOP611m last year. Net revenues for H1 2020 were HK$65m compared to HK$298m (H1 2019)
P90 NEWSWIRE / INTERACTIVE / MARKET DATA
Te Venetian Macao opened in 2007 on the Cotai Strip and is the
group’s anchor property. Tere are 656 tables and 1,668 slots and the
integrated resort saw 36 million visits in 2019.
Tere is a 39-storey hotel with more than 2,900 suites, plus shopping, dining areas and convention centre.
City Clubs includes the Waldo Casino which opened in 2004, President Casino which opened in 2006 and Rio Casino which opened in 2006. Tey contributed MOP121m to net revenues in 2019. GGR H1 2020 was HK$311m compared to HK$1.06bn H1 2019.
In 2018 Galaxy began a MOP1.5bn property development plan to renovate gaming areas, hotel rooms and other facilities for the Galaxy
Macau and Starworld Macau. Te group plans to extend its development on Cotai over a further 1m sq.m over the next few years and is still progressing with the plans which will also help develop Macau into a World Centre of Tourism and Leisure.
A spokesman said in August: “We will try to maintain our development targets, however due to Covid-19 development timelines may be impacted. At this point we cannot quantify the impact but we will endeavour to maintain our schedule.”
Development on Cotai includes 3,500 rooms and villas, convention space, catering, retail and leisure areas. Tey opened the Galaxy International Convention Centre and Galaxy Arena last year and the first Andaz Hotel of the Hyatt Hotel Corp in Macau and the Galaxy Integrate Resorts complex. Te group is also planning a lifestyle resort on Hengqin.
Sands China Ltd owns and operates five properties in Macau, comprising casinos, more than 11,700 hotel rooms and suites, 158 restaurants and food outlets, 2.1m sq.ft of retail malls, 1.7m sq.ft of MICE space, four theatres and a 15,000-seat arena.
Te Venetian Macao opened in 2007 on the Cotai Strip and is the group’s anchor property.
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