Galaxy Entertainment Group Reports Q4 & Annual 2024 Results
Leading Macau's Non-Gaming Diversification Through Mice, Entertainment Events And Live Sports
Capella At Galaxy Macau Fitting Out -- Mid Year Opening
Q4 2024 Group Adjusted EBITDA Up 15% YoY And Up 10% QoQ To $3.2 Billion
FY2024 Group Adjusted EBITDA Up 22% YoY To $12.2 Billion
FY2024 Group NPAS Up 28% YoY to $8.8 Billion
Recommends A Final Dividend Of $0.50 Per Share
HONG KONG, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Galaxy Entertainment Group ("GEG", "Company" or the "Group") (HKEx stock code: 27) today reported results for the three-month and twelve-month periods ended 31 December 2024. (All amounts are expressed in HKD unless otherwise stated)
Mr. Francis Lui, Chairman of GEG said,
"Before I update you on GEG's performance in 2024, I would like firstly to acknowledge the passing of Dr. Lui Che Woo in November 2024. As the founding Chairman of GEG his vision was to build GEG into a globally recognized Asia's leading gaming and entertainment corporation. He certainly achieved his vision and he was an inspiration to us all.
Throughout 2024 we continued to drive every segment of the business in particular the premium mass which remains the main profit driver. In a competitive market we continue to allocate resources with discipline and focus on their most efficient use. GEG believes in competing with excellent products and service and not on price. Our efforts are reflected in the Group achieving full year Adjusted EBITDA of $12.2 billion, up 22% year-on-year. Full year Net Profit Attributable to Shareholders ("NPAS") was $8.8 billion, up 28% year-on-year.
We have a strong, healthy and liquid balance sheet with cash and liquid investments of $31.3 billion, with minimal debt of $4.2 billion giving a net position of $27.1 billion. This financial strength allows GEG to fund our development pipeline, actively explore international development opportunities and return capital to shareholders via dividends. On 25 October 2024, we paid an interim dividend of $0.50 per share which was an increase from $0.30 per share paid in April 2024. Subsequently the GEG Board recommends a final dividend of $0.50 per share payable in June 2025. These dividends demonstrate our continued confidence in the longer-term outlook of Macau and for the Company.
GEG has been working with the MGTO to actively promote Macau as an international tourist destination. We previously announced the opening of offices in Tokyo, Seoul and Bangkok. In 2024 international visitor arrivals to Macau increased by 66% year-on-year to 2.4 million. We will continue to work with the MGTO and support this important initiative.
During the year we have seen entertainment and events play an important role in driving new and repeat customers to Macau. It has been estimated that during 2023 Macau in total hosted 240 concerts which generated an estimated MOP1.1 billion in ticket sales. The Galaxy International Convention Center ("GICC") and Galaxy Arena have played an important role in this emerging trend, in 2024 GEG hosted approximately 460 shows and events, including numerous major events such as Andy Lau World Tour, Ultimate Fighting Championship ("UFC"), International Table Tennis Federation ("ITTF") World Cup and Women's Volleyball Nations League, among others.
Looking forward in 2025, we will host a number of major sporting and entertainment events such as the world-renowned legendary Italian tenor, Andrea Bocelli at Galaxy Arena this March and the ITTF World Cup 2025 in April. Further, Hong Kong famous singer Mr. Jacky Cheung will bring his 10(th) concert tour to Galaxy Arena in June. We are also hosting the scheduled Extraordinary General Assemblies and Conference of the Fédération Internationale de l'Automobile (FIA) which is to be co-hosted by Automobile General Association Macao-China ("AAMC") and GEG this June at GICC, marking the first time of this world class annual event in Asia.
GEG is well positioned to continue to capitalize on this trend of increased entertainment in Macau and our experience over the past year has been that major events drive a significant increase in visitors to our resorts resulting in increased gaming activity, retails sales, food and beverage revenue and hotel demand. Galaxy Arena is the largest indoor arena in Macau with 16,000 seating capacity.
In May 2024, the Central Government further expanded the Individual Visit Scheme ("IVS") to 59 eligible cities with a total combined population of approximately 500 million people. Starting in 2025, Zhuhai residents are able to apply for a "one-trip-per-week" visa to Macau, and Hengqin residents are eligible for multiple visa entries to Macau. We view this as a positive development and look forward to further policy relaxations in the future. Macau's light rail transit system ("LRT") opened a new line from the Hengqin port to Cotai in December 2024, which we believe will complement the visa relaxation and encourage Zhuhai residents to visit Macau more frequently.
On the development front, we continue to progress with the fitting out of Capella at Galaxy Macau and the construction of Phase 4 which has a strong focus on non-gaming, primarily targeting entertainment and family facilities, and also includes gaming.
During the year we deployed smart tables across all of our casinos. We expect this technology to enhance the overall operating efficiency and customer management. In addition, we continue to make enhancements to our resorts including adding new F&B and retail offerings at Galaxy Macau$(TM)$. In the recently announced Forbes Travel Guide 2025 List, Galaxy Macau(TM) proved its unrivalled position as the integrated resort with the most Five-Star hotels under one roof of any luxury resort company worldwide for the third consecutive year. Galaxy Macau(TM) was also named Best Integrated Resort in the Asia Pacific region for consecutive years by Inside Asian Gaming since the award inauguration. At StarWorld Macau we are evaluating a range of major upgrades, that includes the main gaming floor, the lobby arrival experience and increasing the F&B options. We have completed the upgrade of Level 3 and StarWorld Macau now hosts one of the largest scale Live Table Games ("LTG") terminals in Macau.
We welcomed President Xi Jinping visit to Macau in December 2024 and the inauguration of Mr. Sam Hou Fai as the Chief Executive of Macau SAR. GEG will continue to work closely with the Government to diversify Macau's economy and develop Macau into the World Centre of Tourism and Leisure.
Finally, I would like to thank all our team members who deliver 'World Class, Asian Heart' service each and every day and contribute to the success of the Group."
Q4 & FULL YEAR 2024 RESULTS HIGHLIGHTS
GEG: Well Positioned for Future Growth
-- Full Year Group Net Revenue of $43.4 billion, up 22% year-on-year
-- Full Year Group Adjusted EBITDA of $12.2 billion, up 22% year-on-year
-- Full Year Group NPAS of $8.8 billion, up 28% year-on-year
-- Q4 Group Net Revenue of $11.3 billion, up 9% year-on-year and up 6%
quarter-on-quarter
-- Q4 Group Adjusted EBITDA of $3.2 billion, up 15% year-on-year and up 10%
quarter-on-quarter
-- Played unlucky in Q4 which decreased Adjusted EBITDA by approximately $35
million, normalized Q4 Adjusted EBITDA was $3.3 billion, up 12%
year-on-year and up 5% quarter-on-quarter
Galaxy Macau(TM): Primary Driver to Group Earnings
-- Full Year Net Revenue of $34.5 billion, up 24% year-on-year
-- Full Year Adjusted EBITDA of $10.8 billion, up 18% year-on-year
-- Q4 Net Revenue of $9.1 billion, up 12% year-on-year and up 9%
quarter-on-quarter
-- Q4 Adjusted EBITDA of $2.8 billion, up 11% year-on-year and up 11%
quarter-on-quarter
-- Played unlucky in Q4 which decreased Adjusted EBITDA by approximately $27
million, normalized Q4 Adjusted EBITDA of $2.9 billion, up 7%
year-on-year and up 5% quarter-on-quarter
-- Hotel occupancy for Q4 across the seven hotels was 98%
StarWorld Macau: Continuing with Major Property Upgrades
-- Full Year Net Revenue of $5.3 billion, up 15% year-on-year
-- Full Year Adjusted EBITDA of $1.6 billion, up 24% year-on-year
-- Q4 Net Revenue of $1.3 billion, up 3% year-on-year and down 4%
quarter-on-quarter
-- Q4 Adjusted EBITDA of $363 million, up 3% year-on-year and down 8%
quarter-on-quarter
-- Played unlucky in Q4 which decreased Adjusted EBITDA by approximately $8
million, normalized Q4 Adjusted EBITDA of $371 million, up 6%
year-on-year and down 3% quarter-on-quarter
-- Hotel occupancy for Q4 was 100%
Broadway Macau(TM), City Clubs and Construction Materials Division ("CMD")
-- Broadway Macau(TM): Full Year Adjusted EBITDA of $24 million, versus
$(36) million in 2023. Q4 Adjusted EBITDA was $1 million, versus $(2)
million in Q4 2023 and $11 million in Q3 2024
-- City Clubs: Full Year Adjusted EBITDA of $14 million, down 7%
year-on-year. Q4 Adjusted EBITDA was $(1) million, versus $3 million in
Q4 2023 and $6 million in Q3 2024.
-- CMD: Full Year Adjusted EBITDA of $857 million, up 23% year-on-year. Q4
Adjusted EBITDA was $277 million, up 35% year-on-year and up 29%
quarter-on-quarter
Balance Sheet: Maintain a Healthy and Liquid Balance Sheet
-- As at 31 December 2024, cash and liquid investments were $31.3 billion
and the net position was $27.1 billion after debt of $4.2 billion
-- Paid two dividends totaled $0.80 per share in 2024
-- The GEG Board recommends a final dividend of $0.50 per share payable in
June 2025
Development Update: Capella at Galaxy Macau is targeted to open in mid-2025; Continue ramping up GICC, Galaxy Arena, Raffles at Galaxy Macau and Andaz Macau; Progressing with Phase 4
-- Capella at Galaxy Macau is targeted to open in mid-2025
-- Cotai Phase 3 -- Ramping up GICC, Galaxy Arena, Raffles at Galaxy Macau
and Andaz Macau
-- Cotai Phase 4 -- Our efforts are firmly focused on the development of
Phase 4 which has a strong focus on non-gaming, primarily targeting
entertainment, family facilities and also includes gaming
-- International -- Continuously exploring opportunities in overseas markets
Macau Market Overview
Based on DICJ reporting, Macau's Gross Gaming Revenue ("GGR") for full year 2024 was $220.2 billion, up 24% year-on-year, and represented 78% of 2019 level. GGR in Q4 2024 was $55.8 billion, up 6% year-on- year and up 3% quarter-on-quarter.
In 2024, visitor arrivals to Macau were 34.9 million, up 24% year-on-year, recovering to 89% of 2019. Mainland visitor arrivals to Macau were 24.5 million, up 29% year-on-year, with IVS visitors of 12.3 million, up 16% year-on-year. GEG has been working with the MGTO to actively promote Macau as an international tourist destination. We previously announced the opening of offices in Tokyo, Seoul and Bangkok. During the year international visitor arrivals to Macau increased by 66% from 1.5 million in 2023 to 2.4 million in 2024. We will continue to work with the MGTO and support this important initiative.
Group Financial Results
Full Year 2024
The Group posted Net Revenue of $43.4 billion, up 22% year-on-year. Adjusted EBITDA was $12.2 billion, up 22% year-on-year. NPAS was $8.8 billion, up 28% year-on-year. Galaxy Macau(TM)'s Adjusted EBITDA was $10.8 billion, up 18% year-on-year. StarWorld Macau's Adjusted EBITDA was $1.6 billion, up 24% year-on-year. Broadway Macau(TM)'s Adjusted EBITDA was $24 million, versus $(36) million in 2023.
In 2024, GEG played unlucky in its gaming operation which decreased its Adjusted EBITDA by approximately $157 million. Normalized Adjusted EBITDA was $12.3 billion, up 22% year-on-year.
Summary table of GEG Q4 and full year 2024 Adjusted EBITDA and adjustments:
Q4 Q3 Q4 FY FY
in HK$'m 2023 2024 2024 YoY QoQ 2023 2024 YoY
Adjusted EBITDA 2,807 2,940 3,237 15% 10% 9,955 12,188 22%
------------------------ ----- ----- ----- --- --- ------ ------ ---
Luck(1) (103) (165) (35) - - (162) (157) -
Normalized Adjusted
EBITDA 2,910 3,105 3,272 12% 5% 10,117 12,345 22%
------------------------ ----- ----- ----- --- --- ------ ------ ---
The Group's total GGR in 2024 was $41.1 billion, up 30% year-on-year. Mass GGR was $33.1 billion, up 25% year-on-year. VIP GGR was $5.3 billion, up 55% year-on-year. Electronic GGR was $2.7 billion, up 52% year-on-year.
Group Key Financial Data
(HK$'m) 2023 2024
Revenues:
Net Gaming 27,290 33,826
Non-gaming 5,396 6,425
Construction Materials 2,998 3,181
------- -------
Total Net Revenue 35,684 43,432
Adjusted EBITDA 9,955 12,188
Gaming Statistics(2)
(HK$'m)
2023 2024
Rolling Chip Volume(3) 117,660 180,879
Win Rate % 2.9% 2.9%
Win 3,447 5,329
Mass Table Drop(4) 107,531 127,823
Win Rate % 24.6% 25.9%
Win 26,486 33,112
Electronic Gaming Volume 50,884 95,380
Win Rate % 3.5% 2.8%
Win 1,780 2,704
Total GGR Win5 31,713 41,145
---------------------------- ------- -------
_________________________
(1) Reflects luck adjustments associated with our rolling chip program.
(2) Gaming statistics are presented before deducting commission and incentives.
(3) Reflects sum of promoter and inhouse premium direct.
(4) Mass table drop includes the amount of table drop plus cash chips purchased at the cage.
(5) Total GGR win includes gaming win from City Clubs.
Balance Sheet and Dividends
The Group's balance sheet remains healthy and liquid. As of 31 December 2024, cash and liquid investments were $31.3 billion and the net position was $27.1 billion after debt of $4.2 billion. Our strong balance sheet combined with substantial cash flow from operations allows us to return capital to shareholders via dividends and to fund our development pipeline.
GEG paid two dividends of $0.30 and $0.50 per share in April and October 2024 respectively. Subsequently the GEG Board recommends a final dividend of $0.50 per share payable in June 2025. This attests to our confidence in Macau, our financial strength and our future earnings potential.
Q4 2024
The Group's Net Revenue was $11.3 billion, up 9% year-on-year and up 6% quarter-on-quarter. Adjusted EBITDA was $3.2 billion, up 15% year-on-year and up 10% quarter-on-quarter. Galaxy Macau(TM)'s Adjusted EBITDA was $2.8 billion, up 11% year-on-year and up 11% quarter-on-quarter. StarWorld Macau's Adjusted EBITDA was $363 million, up 3% year-on-year and down 8% quarter- on-quarter. Broadway Macau(TM)'s Adjusted EBITDA was $1 million, versus $(2) million in Q4 2023 and $11 million in Q3 2024.
During Q4 2024, GEG played unlucky in its gaming operations which decreased its Adjusted EBITDA by approximately $35 million. Normalized Adjusted EBITDA was $3.3 billion, up 12% year- on-year and up 5% quarter-on-quarter.
The Group's total GGR in Q4 2024 was $11.0 billion, up 19% year-on-year and up 9% quarter-on- quarter. Mass GGR was $8.7 billion, up 11% year-on-year, up 4% quarter-on-quarter. VIP GGR was $1.5 billion, up 69% year-on-year and up 40% quarter-on-quarter. Electronic GGR was $780 million, up 54% year-on-year and up 17% quarter-on-quarter.
Group Key Financial Data
(HK$'m) Q4 2023 Q3 2024 Q4 2024 FY2023 FY2024
Revenues:
Net Gaming 7,961 8,197 8,853 27,290 33,826
Non-gaming 1,580 1,666 1,670 5,396 6,425
Construction Materials 778 805 771 2,998 3,181
------- ------- ------- ------- -------
Total Net Revenue 10,319 10,668 11,294 35,684 43,432
Adjusted EBITDA 2,807 2,940 3,237 9,955 12,188
Gaming Statistics(6)
(HK$'m) Q4 2023 Q3 2024 Q4 2024 FY2023 FY2024
Rolling Chip Volume(7) 34,599 44,459 51,808 117,660 180,879
Win Rate % 2.6% 2.5% 3.0% 2.9% 2.9%
Win 909 1,100 1,539 3,447 5,329
Mass Table Drop(8) 30,696 31,726 32,256 107,531 127,823
Win Rate % 25.5% 26.4% 27.0% 24.6% 25.9%
Win 7,826 8,386 8,707 26,486 33,112
Electronic Gaming Volume 16,383 26,503 27,464 50,884 95,380
Win Rate % 3.1% 2.5% 2.8% 3.5% 2.8%
Win 508 666 780 1,780 2,704
Total GGR Win(9) 9,243 10,152 11,026 31,713 41,145
--------------------------- ------- ------- ------- ------- -------
_________________________
(6) Gaming statistics are presented before deducting commission and incentives.
(7) Reflects sum of promoter and inhouse premium direct.
(8) Mass table drop includes the amount of table drop plus cash chips purchased at the cage.
(9) Total GGR win includes gaming win from City Clubs.
Galaxy Macau(TM)
Galaxy Macau(TM) is the primary contributor to Group revenue and earnings. In 2024, Net Revenue was $34.5 billion, up 24% year-on-year. Adjusted EBITDA was $10.8 billion, up 18% year-on-year. Galaxy Macau(TM) played unlucky in its gaming operations which decreased its Adjusted EBITDA by approximately $212 million. Normalized 2024 Adjusted EBITDA was $11.0 billion, up 18% year-on- year.
In Q4 2024, Galaxy Macau(TM)'s Net Revenue was $9.1 billion, up 12% year-on-year and up 9% quarter-on-quarter. Adjusted EBITDA was $2.8 billion, up 11% year-on-year and up 11% quarter- on-quarter. Galaxy Macau(TM) played unlucky in its gaming operations which decreased its Adjusted EBITDA by approximately $27 million. Normalized Q4 2024 Adjusted EBITDA was $2.9 billion, up 7% year-on-year and up 5% quarter-on-quarter.
The combined seven hotels occupancy was 98% for Q4 and full year 2024.
Galaxy Macau(TM) Key Financial Data
(HK$'m)
Q4 2023 Q3 2024 Q4 2024 FY2023 FY2024
Revenues:
Net Gaming 6,781 6,934 7,665 22,911 28,833
Hotel / F&B / Others 1,046 1,125 1,127 3,246 4,279
Mall 364 347 348 1,560 1,392
------- ------- ------- ------- -------
Total Net Revenue 8,191 8,406 9,140 27,717 34,504
Adjusted EBITDA 2,569 2,557 2,842 9,149 10,794
Adjusted EBITDA Margin 31% 30% 31% 33% 31%
Gaming Statistics(10)
(HK$'m)
Q4 2023 Q3 2024 Q4 2024 FY2023 FY2024
Rolling Chip Volume(11) 33,874 42,887 50,862 115,566 175,759
Win Rate % 2.6% 2.4% 3.0% 2.9% 2.9%
Win 880 1,027 1,522 3,383 5,079
Mass Table Drop(12) 23,692 24,591 25,443 80,774 99,153
Win Rate % 27.7% 29.0% 29.3% 27.0% 28.3%
Win 6,570 7,123 7,465 21,775 28,041
Electronic Gaming Volume 10,650 16,743 17,792 35,542 62,086 Win Rate % 3.9% 2.9% 3.4% 4.2% 3.4% Win 418 490 611 1,499 2,112 Total GGR Win 7,868 8,640 9,598 26,657 35,232 ------------------------- ------- ------- ------- ------- -------
_________________________
(10) Gaming statistics are presented before deducting commission and incentives.
(11) Reflects sum of promoter and inhouse premium direct.
(12) Mass table drop includes the amount of table drop plus cash chips purchased at the cage.
StarWorld Macau
In 2024, StarWorld Macau's Net Revenue was $5.3 billion, up 15% year-on-year. Adjusted EBITDA was $1.6 billion, up 24% year-on-year. StarWorld Macau played lucky in its gaming operations which increased its Adjusted EBITDA by approximately $55 million. Normalized 2024 Adjusted EBITDA was $1.5 billion, up 20% year-on-year.
In Q4 2024, StarWorld Macau's Net Revenue was $1.3 billion, up 3% year-on-year and down 4% quarter-on-quarter. Adjusted EBITDA was $363 million, up 3% year-on-year and down 8% quarter- on-quarter. StarWorld Macau played unlucky in its gaming operations which decreased its Adjusted EBITDA by approximately $8 million in Q4 2024. Normalized Adjusted EBITDA was $371 million, up 6% year-on-year and down 3% quarter-on-quarter.
Hotel occupancy was 100% for Q4 and full year 2024.
StarWorld Macau Key Financial Data
(HK$'m)
Q4 2023 Q3 2024 Q4 2024 FY2023 FY2024
Revenues:
Net Gaming 1,122 1,205 1,152 4,154 4,782
Hotel / F&B / Others 127 126 131 468 513
Mall 6 6 6 22 23
------- ------- ------- ------ ------
Total Net Revenue 1,255 1,337 1,289 4,644 5,318
Adjusted EBITDA 353 396 363 1,278 1,584
Adjusted EBITDA Margin 28% 30% 28% 28% 30%
Gaming Statistics(13)
(HK$'m) Q4 2023 Q3 2024 Q4 2024 FY2023 FY2024
Rolling Chip Volume(14) 725 1,572 946 2,094 5,120
Win Rate % 4.0% 4.7% 1.8% 3.1% 4.9%
Win 29 73 17 64 250
Mass Table Drop(15) 6,748 6,884 6,620 25,709 27,727
Win Rate % 18.0% 17.8% 18.4% 17.7% 17.8%
Win 1,217 1,226 1,220 4,553 4,936
Electronic Gaming Volume 4,533 8,511 8,660 11,170 28,541
Win Rate % 1.6% 1.8% 1.8% 1.9% 1.8%
Win 72 155 155 214 516
Total GGR Win 1,318 1,454 1,392 4,831 5,702
------------------------- ------- ------- ------- ------ ------
_________________________
(13) Gaming statistics are presented before deducting commission and incentives.
(14) Reflects sum of promoter and inhouse premium direct.
(15) Mass table drop includes the amount of table drop plus cash chips purchased at the cage.
Broadway Macau(TM)
Broadway Macau(TM) is a unique family friendly, street entertainment and food resort supported by Macau SMEs. In 2024, Net Revenue for Broadway Macau(TM) was $220 million, up 114% year-on- year. Adjusted EBITDA was $24 million, versus $(36) million in 2023. In Q4 2024, Net Revenue for Broadway Macau(TM) was $58 million, up 53% year-on-year and down 6% quarter-on-quarter. Adjusted EBITDA was $1 million, versus $(2) million in Q4 2023 and $11 million in Q3 2024.
City Clubs
In 2024, City Clubs' Net Revenue was $209 million, down 6% year-on-year. Adjusted EBITDA was
$14 million, down 7% year-on-year. In Q4 2024, City Clubs' Net Revenue was $36 million, down 37% year-on-year and down 38% quarter-on-quarter. Adjusted EBITDA was $(1) million, versus $3 million in Q4 2023 and $6 million in Q3 2024.
Construction Materials Division ("CMD")
CMD contributed Adjusted EBITDA of $857 million for full year 2024, up 23% year-on-year. In Q4, Adjusted EBITDA was $277 million, up 35% year-on-year and up 29% quarter-on-quarter.
Development Update
Galaxy Macau(TM) and StarWorld Macau
We continue to make ongoing progressive enhancements to our resorts to ensure that they remain competitive and appealing to our guests with a particular focus on adding new and innovative F&B and retail offerings. At StarWorld Macau we are evaluating a range of major upgrades, that includes the main gaming floor, the lobby arrival experience and increasing the F&B options. We have completed the upgrade of Level 3 and StarWorld Macau now hosts one of the largest scale LTG terminals in Macau.
Cotai -- The Next Chapter
The targeted opening of Capella at Galaxy Macau is in mid-2025. The 17-storey property offers approximately 100 ultra-luxury sky villas and suites. Each Sky Villa features a light-filled balcony with a transparent infinity-edge pool, outdoor lounge, sunroom and hidden winter garden, among others. Capella at Galaxy Macau promises to bring a new level of elegance and luxury to Macau.
We are ramping up GICC, Galaxy Arena, Raffles at Galaxy Macau and Andaz Macau. We are now firmly focused on the development of Phase 4, which is already well under way. Phase 4 will include multiple high-end hotel brands new to Macau, together with an up to 5000-seat theater, extensive F&B, retail, non-gaming amenities, landscaping, a water resort deck and a casino. Phase 4 is approximately 600,000 square meters of development and is scheduled to complete in 2027. We remain highly confident about the future of Macau where Phases 3 & 4 will support Macau's vision of becoming a World Centre of Tourism and Leisure.
Selected Major Awards for 2024
AWARD PRESENTER
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GEG
------------------------------------------------------------- ---------------
Casino Operator of the Year Global Gaming
Awards
Asia-Pacific
2024
------------------------------------------------------------- ---------------
Sustainability Award International
Gaming Awards
2024
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GALAXY MACAU(TM)
------------------------------------------------------------------------------
MICHELIN One-Star Restaurant The MICHELIN
Guide Hong
-- 8 1/2 Otto e Mezzo BOMBANA Kong Macau
2024
-- Lai Heen
Selected Restaurants
-- Terrazza Italian Restaurant
-- The Ritz-Carlton Cafe
-- Saffron
------------------------------------------------------------- ---------------
Five Star Hotel 2024 Forbes
Travel Guide
-- Galaxy Hotel(TM)
-- Hotel Okura Macau
-- Banyan Tree Macau
-- The Ritz-Carlton Macau
Five-Star Restaurant
-- 8 1/2 Otto e Mezzo BOMBANA
-- Lai Heen
Five-Star Spa
-- The Ritz-Carlton Spa, Macau
-- Banyan Tree Spa Macau
------------------------------------------------------------- ---------------
Dianping Must Stay List: Mei Tuan
-- Galaxy Hotel(TM)
-- Hotel Okura Macau
-- Banyan Tree Macau
Black Pearl Restaurant Guide 2024 -- One Diamond
-- 8 1/2 Otto e Mezzo BOMBANA
------------------------------------------------------------- ---------------
2024 IAG Academy IR Awards Inside Asian
-- Best Integrated Resort -- Galaxy Macau(TM) Gaming
-- Best Overall F&B Offering by an IR - Galaxy Macau(TM)
-- Best Hotel Attached to an IR - Raffles at Galaxy
Macau
------------------------------------------------------------- ---------------
Macau Energy Saving Activity 2023 -- Energy Saving CEM --
Concept Award -- Galaxy Macau(TM) Companhia de
Electricidade
de Macau
------------------------------------------------------------- ---------------
Macao Green Hotel Awards -- Gold Award -- Galaxy Hotel(TM) Environmental
Protection
Bureau of the
Macau SAR
Government
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Wine Spectator's 2024 Restaurant Best of Award of Wine
Excellence (Two Glasses): Spectator's
-- Terrazza Italian Restaurant Restaurant
Awards
-- Urban Kitchen
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STARWORLD MACAU
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