Macau gaming concessionaire Galaxy Entertainment Group announced today that its operational profits rose 8% in the first quarter of 2026 compared to the same period last year. According to a filing sent to the Hong Kong Stock Exchange, the group recorded operational profits of HK$3.6 billion (€413 million) between January and March.
Net revenues for the quarter reached HK$12.4 billion (€1.42 billion), marking an 11% increase over 2025. However, when compared to the final quarter of last year, revenues fell by 10% and operational profits declined by 17%, reflecting seasonal shifts in the market.
The group’s gross gaming revenue (GGR) for the quarter was HK$12.73 billion (€1.46 billion), a 16% year-on-year increase. Performance was bolstered across both primary segments:
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Mass Market: Revenue rose 17% to HK$9.6 billion (€1.1 billion).
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VIP Market: Revenue from high rollers increased 18% to HK$2.3 billion (€263 million).
Galaxy Macau, the group’s flagship property, remained the primary driver of success, generating HK$10.3 billion (€1.18 billion) in net revenue and HK$3.3 billion (€379 million) in operational profits.
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In line with Macau’s government-mandated push for economic diversification, the operator hosted over 80 non-gaming events during the quarter. These included major sporting competitions like the ITTF Men’s and Women’s World Cup Macau, as well as concerts by artists such as Dylan Wang, Tian Zhen, and the South Korean band DAY6.
This strategy appears to be paying off in terms of hospitality; the occupancy rate across Galaxy Macau’s nine hotels hit a staggering 99% during the quarter. The group maintains a robust financial position with HK$39.2 billion (€4.5 billion) in cash and liquid investments.
The broader Macau market continues its upward trajectory. In the first four months of 2026, the territory recorded a 12.1% year-on-year increase in total gaming revenue, reaching 85.8 billion patacas (€9.1 billion).
This follows a strong 2025, where the city—the only place in China where casino gambling is legal—closed the year with total revenues of 247.4 billion patacas (€26.15 billion).
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Galaxy is one of six concessionaires (alongside MGM, Venetian, Melco, Wynn, and SJM) that began new 10-year contracts in January 2024, committing to significant investments in non-gaming sectors to reshape Macau’s global image.
