Group’s future performance may be impacted by further Covid-19 outbreaks, despite balance sheet showing net cash of HK$20.3 billion.
Galaxy Macau
Officially opened by David Beckham in 2015, fashion superstore’s closure follows shuttering of branch at Galaxy Macau last year.
Chairman Lui Che Woo points to solid balance sheet of HK$24.5 billion in cash, looks forward to Macao’s future recovery.
Increase over January lifts GGR to MOP 7.7 billion, marginally up on February 2021.
Group reports good results with net revenues reaching HK$19.7 billion; hopes to open Phase 3 hotel and convention centre in Cotai by early 2023 latest.
Gaming operator has its sights set firmly on the future, with Raffles hotel opening next year and other developments planned in Greater Bay Area and Hengqin.
One-off insurance payment and gradual return of visitors boost the group’s performance, however Raffles on Cotai may not open until 2022.
UA closes its six venues overnight, dismaying fans, however the show goes on at Macau Galaxy’s 1,000-seat multiplex.
Bomb squad confirms no hazard to public, as IC officials move the antique weapons to a safe storage area.