Galaxy Entertainment - Die Macau-Aktie 2011? - 500 Beiträge pro Seite

[Tom_O]

16.Mai 2011

Galaxy Macau gets over 20,000 visitors in its first 90 minutes

At 4:51 pm yesterday Galaxy Macau officially opened its doors, welcoming over 20,000 guests within its first 90 minutes, according to Galaxy Entertainment Group, the owner and manager of the property.

Galaxy Macau is anticipated to receive between 30,000 and 40,000 guests per day.

Analysts interviewed by Bloomberg are so far bullish about the property.

“It will help Galaxy diversify its business,” said Donald Cheng, a Hong Kong-based analyst at Haitong Securities Ltd. “Being the only new casino in the city this year, when revenue is undergoing a strong and healthy period of growth, will also bring more people there.”

Galaxy Macau will be “a strong catalyst for market growth,” helping to boost the mass-market segment, Aaron Fischer and Huei Suen Ng, Hong Kong-based analysts for CLSA Asia-Pacific Markets, said in a note to clients.

Meanwhile, Galaxy Entertainment Group vice-chairman, Francis Lui, said that the gaming operator supports the government bill to increase the minimum age to enter and work in casinos from 18 to 21 years.

“We totally support this initiative,” he said in a press conference. “Only a few of our customers are included in the 18 to 21 age range […] so it will not affect our flow of customers a lot,” he said.

Mr Lui also said he agreed that players aged 21 or above would be “more mature”.

Meanwhile, when asked about the new tobacco law, that require casinos to set up non-smoking areas occupying at least half of the floor area by 2012, Mr Lui played defence.

“We accept this government direction,” he said. “We are confident we will make arrangements to make all parties happy.”

[Tom_O]

Macau says gambling revenue surges 42 pct in May
HONG KONG, June 1 (Reuters) - Gambling revenue in Macau, the world's largest gaming market, jumped 42.4 percent in May to 24.3 billion patacas ($3 billion), the Macau government said on Wednesday, bolstered by unabated demand from mainland tourists eager to gamble in China's only legal casino destination.

Wealthy Chinese visitors, who account for the bulk of tourists to the former Portuguese enclave, have helped sustain record gaming revenue since the start of this year.

An hour from Hong Kong by ferry, glitzy Macau dwarfs neon rival Las Vegas in gaming revenue, with U.S. casino operators Wynn Resorts Ltd and Las Vegas Sands Corp accruing most of their earnings through Hong Kong-listed Wynn Macau Ltd and Sands China Ltd. ($1 = 8.012 Macau patacas)


(Reporting by Farah Master; Editing by Chris Lewis)
(([e-mail]; 852 28431631; 852 9631 8262; Reuters Messaging: [e-mail]))

[Tom_O]

Sehr schön

Good May for Galaxy

Posted: 6/2/2011 4:37:08 PM

Preliminary information compiled by Macau Business shows that the biggest winner last month in terms of gross gaming revenue was Galaxy Entertainment Group, which opened the massive Galaxy Macau in Cotai on May 15.

From an April share of 9 percent, Galaxy now commands a market share of a little over 13 percent.

Wynn Macau went the opposite way, seeing its share fall from 17 percent to less than 13 percent in May.

The data compiled by Macau Business reveals Stanley Ho Hung Sun’s Sociedade de Jogos de Macau (SJM) continues to lead the market, with a share slightly below 34 percent in May.

The company is followed by Sands China, with 15 percent, and Melco Crown ranked third, with 14 percent.

MGM Macau was stable with an 11-percent share.

With gross revenue of MOP24.3 billion (US$3 billion), May’s take by Macau’s casinos eclipsed the record set in April by almost MOP4 billion, according to data from the Gaming Inspection and Coordination Bureau.

In year-on year terms, it was a 42.4-percent increase

http://www.macaubusiness.com/news/good-may-for-galaxy/9473/

[Tom_O]

Sonst niemand investiert?
Wo seht ihr diese Aktie in paar Wochen?

[Tom_O]

MS lifts targets for Macau gaming stocks by 7-35%
[Date:06-13-2011] Source: Infocast News RSS Feed

In a research report, Morgan Stanley has reiterated its positive view on Macau's gaming industry and revised its gaming revenue growth forecasts for 2011 and 2012 from 30% to 38% and from 10% to 13% respectively. The brokerage firm has raised its price targets for the gaming stocks by 7%-53%, and EBITDA forecasts by 10-27%.

Morgan Stanley said that SJM Holdings (HKG:0880) remained its top pick among Macau's gaming stocks. SJM's EBITDA grew 18% on quarter on the back of improving margin at satellite casinos and Oceanus. Considering SJM's net cash of US$1.8 billion, the brokerage firm said SJM's upside surprise could come from either approval to build casino at Cotai or a special dividend. Other preferred stocks are Melco International Development (HKG:0200) and Sands China (HKG:1928), in Morgan Stanely's view.

Meanwhile, Morgan Stanley has upgraded Melco from "Equal-weight" to "Overweight" and believes the scheduled opening of a new casino in the first half of 2012 and the current valuation suggest that the stock will outperform in the next 12 months. As for Galaxy Entertainment (HKG:0027), the brokerage firm now expects US$731 million EBITDA in 2012 after seeing successful opening of new casino. However, the current price factors in much higher profit.

The brokerage firms' price targets and ratings Macau gaming stocks:

Target price
(HK$) Rating
Sands China (HKG:1928) 24.5 Overweight
Melco Int'l (HKG:0200) 9.5 Overweight
SJM (HKG:0880) 21.9 Overweight
Wynn Macau (HKG:1128) 25.0 Equalweight
Galaxy (HKG:0027) 16.5 Equalweight

[Tom_O]

Lui Che-woo sells 700K shares of Galaxy Ent (HKG:0027)
[Date:06-13-2011] Source: Infocast News RSS Feed

Galaxy Entertainment (HKG:0027) chairman Lui Che-woo reduced his long position in the company on June 7 and 8 from 72.48% to 72.46% (or to 2.997 billion shares) by selling a total of 700,000 shares for a total of HK$12.102 million, according to the Stock Exchange's Disclosure of Interests information. The shares were traded on the Stock Exchange. 300,000 shares were sold on June 7 at HK$16.94 per share on average; 400,000 shares were sold on June 8 at HK$17.55 per share on average.

Lui Che-woo's daughter and executive director of Galaxy Entertainment, Paddy Wai-yu Lui, reported to the Stock Exchange for the same shareholding changes in the company.

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Natürlich verschwindend kleine Menge. Aber vielleicht ein weiteres Anzeichen dafür, dass langsam aber sicher die Gewinne ins Trockene gezogen werden?

[Tom_O]

22/06/2011 12:02
Galaxy Ent (00027) achieves full occupancy at "Galaxy Macau"

Galaxy Entertainment (00027) Chairman Lui Che Woo
said after a shareholders' meeting that Galaxy Macau has been under satisfactory
operations since its opening in May with all three hotels achieving full occupancy.
According to statistics, Galaxy's market share has been increased to 17%, just behind
SJM Holdings (00880).
Galaxy will also speed up development of second and third phase of the Cotai project
with the positive performance of Galaxy Macau. (HL)