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Galaxy Entertainment : GEG Welcomes Gaming Law Amendment; Says Changes Will Support Healthy Development of Gaming Industry

01/17/2022 | 05:45am EDT

GEG Welcomes Gaming Law Amendment; Says Changes Will

Support Healthy Development of Gaming Industry

January 16, 2022 - Galaxy Entertainment Group (GEG) welcomes the bill to amend the "Legal Framework for the Operations of Casino Games of Fortune" that the Macau SAR Government announced earlier. GEG will proactively support the related work of the Macau SAR Government, as well as the gaming industry's sustainable and healthy development, in order to contribute to Macau's long-term prosperity.

Dr. Lui Che Woo, Chairman of GEG, said, "We agree and fully support the goals of the SAR Government's proposed legislation, which holds that national and Macau SAR security should be put as top priority when operating casinos and gaming-related activities, whereas Macau's economic diversification and sustainable development should be promoted. We believe that having optimized laws and regulations in place will lay a solid foundation for the city's steady development and propel the synergetic development of the gaming industry, leading to Macau's overall economic resilience and diversity."

Deeply rooted in Macau, GEG upholds the philosophy of "What is taken from the community is to be used for the good of the community" and is fully committed to making positive contributions to Macau. GEG will work together as one mind to fully prepare itself for new opportunities while making every effort to fulfill its corporate social responsibilities.

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Disclaimer

Galaxy Entertainment Group Limited published this content on 16 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 January 2022 10:44:10 UTC.


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Sales 2022 22 048 M 2 809 M 2 809 M
Net income 2022 2 023 M 258 M 258 M
Net cash 2022 21 342 M 2 719 M 2 719 M
P/E ratio 2022 82,1x
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Number of Analysts 20
Last Close Price 38,95 HKD
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Spread / Average Target 36,2%
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Robert Charles Drake Group Chief Financial Officer
Che Woo Lui Chairman
James Houghton Director-Information Systems & Technology
Wai Ling Lui Group Director-Human Resources & Administration
James Ross Ancell Independent Non-Executive Director
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