Casino operator Galaxy Entertainment reported a 35 per cent jump in first-half net profit to a record HK$4.迷你倉價錢65 billion as Macau gaming revenues continued their robust growth.The figure beat a consensus forecast of HK$4.35 billion in a Bloomberg poll.Revenue rose 9 per cent from a year earlier to HK$30.8 billion.Last week, Fitch Ratings revised its base case outlook for growth in Macau’s gaming revenues this year to 14 per cent from 11 per cent as the VIP segment continued to perform better than expected.Galaxy is competing with other gaming giants, including SJM and Sands China, to expand in Macau’s increasingly popular Cotai Strip. Last month, it acquired the Grand Waldo casino resort, next to its flagship Galaxy Macau, for HK$3.25 billion.Gaming had been suspended at the Waldo until its迷你倉庫relaunch in six to nine months, deputy chairman Francis Lui Yiu-tung said.Chief financial officer Robert Drake said: “Galaxy phase two [incorporating Grand Waldo] is on schedule and on budget for completion in mid-2015.”The firm expects to start construction on phases three and four by early next year.“The company’s balance sheet has never been stronger or more liquid,” Drake said.Cash on hand rose 16 per cent from the end of last year to HK$18.1 billion.Galaxy reduced borrowings by about 35 per cent to HK$6.8 billion with an early debt prepayment this quarter.The firm was selected as a constituent of the blue-chip Hang Seng Index in June, the second casino operator to be included, after Sands China.Shares of Galaxy fell 2.5 per cent to HK$42.90 yesterday. The market dropped 2.2 per cent.儲存
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