According to a statement from Galaxy Entertainment Group (GEG), net revenues were 1,5 billion between July and September passed.
GEG, with Macau casinos, announced a fall of 2% in revenues for the third quarter of the year, over the same period 2018, e de 4% compared to last quarter.
In the same period, the EBITDA (pre-tax profits, amortization and depreciation) Adjusted group rose 6% compared to the third quarter of 2018 para 473 milhões de euros.
No entanto, compared to the second quarter of this year, the EBIDTA adjusted down 5%.
Remember that is over 2019, Macau had a number of events, including some that are kept as trade tensions between China and the United States, a slowdown of the global economy, regional competition, currency fluctuations and the crisis in Hong Kong, entre outros.
The Executive Chairman of GEG, Lui Che Woo, He stressed that these events had their impact on consumer sentiment and thus the pattern of expenditure.
The head of the group, six casinos in Macau, He indicated that the expansion works in Cotai, range of casinos between the islands of Taipa and Coloane, are progressing, with special focus on non-game elements, as well as the development projects of a resort on Hengqin (Island Mountain).
Regarding GEG bet in Japan, He said Che Woo que the development team continues to fortify itself, as well as the resources of the group, as you progress in the process of integrated resorts in the country.
