Galaxy Entertainment Group Limited (GXYEF)

[ATCrunch]

Could be good. Its either fairly valued or undervalued based on growth and a turn around.

[ATCrunch]

1 billion in profit. little pricey but how can you argue.

[MCArmel1]

Galaxy Entertainment (GXYEF.PK) will be added to the Hang Seng Index on June 17 to join fellow Macau gaming company Sands China (LVS) and give the industry increased exposure. The addition could boost the share price of the companies as Hang-Seng indexed funds adjust to the development.

http://seekingalpha.com/currents/post/1020441?source=email_rt_mc_readmore

[JohnCM]

Maybe there should be. Look at the chart.

[joelipp]

Being moderator here is easy, no posts.

[joelipp]

Dropped thru support like a submarine.

[joelipp]

Galaxy market share up in July from 9% to 19%

Posted: 8/2/2011 3:22:04 PM Excellent! Very Good Good Fair Poor Rating: 0% ( votes)

Preliminary information compiled by Macau Business reveals Galaxy Entertainment Group continues to see its market share expand since opening its Galaxy Macau resort in Cotai.

From an April market share of 9 percentage points, Galaxy reached a market share of almost 19 percent in July and is now second in the gross gaming revenue rankings.

Stanley Ho Hung Sun’s Sociedade de Jogos de Macau (SJM) maintained its lead last month, enjoying a 28 percent market share. SJM’s lead has been narrowing for the past two months.

Melco Crown had a 16 percent market share, followed by Wynn Macau, with a July market share around 15 percent.

Sands China is ranked fifth, with a 14 percent market share. MGM China closed the list with its share hovering around 8 percent.

Following yesterday’s official announcement that casinos in Macau posted a 48.4 percent year-on-year increase in gross gaming in July, recording a figure of MOP24.212 billion (US$3.0 billion), two analysts revised their full year estimates for the industry.

RBS analyst Philip Tulk revised his projection for Macau’s 2011 gross gaming revenue growth to 45 percent.

Union Gaming Research Macau analyst Grant Govertsen raised his estimates to 40 percent.

Total casino gross gaming revenue for the first seven months of the year was up 45.2 percent year-on-year to MOP148.34 billion.

[joelipp]

Galaxy to report earnings August 31.[color=red][/color]

Dear Joe,

Thank you for your interests in Galaxy.

We will release our half year results on 31 August 2011.

Best regards,



Yoko Ku

Assistant Manager|Investor Relations|Corporate Office

T: (852) 3150 1171|F: (852) 3150 1100

Web: www.galaxyentertainment.com | E: [e-mail]

Galaxy Entertainment Group

[joelipp]

Macau July Gambling Revenue Up 48% On Year At MOP24.21 Bln

HONG KONG (Dow Jones)--Gambling revenue in Macau rose 48% in July from a year earlier, government statistics showed Monday, as visitors from mainland China continued to power growth in the world's largest casino gambling market.

Gambling revenue in the Chinese territory rose to MOP24.21 billion (US$3.0 billion) last month, up from MOP16.31 billion a year earlier, according to data from Macau's Gaming Inspection and Coordination Bureau.

July's revenue was second only to the all-time high of MOP24.31 billion hit in May, which was bolstered by the holiday season and the opening of Galaxy Entertainment Group Ltd.'s new casino resort.

In the January-July period, Macau's gambling revenue rose 45% from a year earlier, following a 58% surge last year. Macau is the only place in China where casino gambling is legal.

-By Kate O'Keeffe, Dow Jones Newswires; 852-2802-7002; kathryn.okeeffe@ dowjones.com


(END) Dow Jones Newswires
08-01-11 0312ET
Copyright (c) 2011 Dow Jones & Company, Inc.

[joelipp]

Excerpt from WYNN earnings report PR.

Stanley Ho's SJM Holdings Ltd. (0880.HK), the market's largest operator with about one third of the territory's gambling revenue; Melco Crown Entertainment Ltd. (MPEL), a joint venture co-chaired by Ho's son Lawrence and Australian James Packer; and Galaxy Entertainment Group Ltd. (0027.HK), controlled by the family of Hong Kong tycoon Lui Che Woo, are also forecast to report strong results, which will trickle out through the end of August.

[joelipp]

Macau Casino Revenue May Grow 42% This Month, CLSA Forecasts

By Frank Longid - Jul 15, 2011 1:25 AM ET .

Macau casino gambling revenue may rise 42 percent this month, boosted by the opening of a resort by Galaxy Entertainment Group Ltd. (27), according to CLSA Asia- Pacific Markets.

Revenue from gambling tables at the former Portuguese colony’s six casino operators reached 7.5 billion patacas ($934 million) in the first 10 days of the month, Aaron Fischer, the brokerage’s head of consumer and gaming research, said in a note to clients today. That would imply a full-month figure of 23 billion patacas, including slot machines, 42 percent more than a year ago and 12 percent higher than last month, he said.

Macau casino companies including Billionaire Stanley Ho’s SJM Holdings Ltd. (880) and Sheldon Adelson’s Sands China Ltd. (1928) have benefited from rising tourism. The Chinese city’s casino operators’ total gambling revenue last year grew 58 percent to 188 billion patacas, about four times that of the Las Vegas Strip. It’s up 45 percent to 124 billion patacas in the first six months of the year, according to government data.

Galaxy, part-owned by Permira Advisers LLP, in May opened its HK$15.5 billion ($2 billion) Galaxy Macau, with 450 tables, on the Cotai Strip, where Adelson has said he aimed to replicate the theme resorts of Las Vegas.

[joelipp]

Link to 2010 Annual report:

http://www.galaxyentertainment.com/images/stories/investor_relation/files/financial_reports/2011/en/ltn20110421614%20ar.pdf

[joelipp]

Letter to Galaxy Investor Relations
Dear Mr. Peter Caveny ([e-mail])

I am an American investor in your company stock, GXYEF. I never see any news about Galaxy on any of the news wires (see below) in America. All your competitors such as Melco, Sands, Wynn publish news in Macau and America. Why don't you?? I think it would be beneficial for you and the shareholders to make the USA aware of your company. I am very impressed with your BOD and management team they make the people in charge at your competitors look like amateurs.

Best Regards, Joe.

PR Newswire
Zacks
Money Show
Dow Jones News
Business Wire
GlobeNewswire Inc.
Edgar (US Regulatory)
MarketWire

[joelipp]

Macau Daily Times Casino stocks up on June revenue.

The city’s casinos are benefiting from improvements in rail and air infrastructure and from the lack of casinos in northern China, Teng wrote in the note.
Shares of Melco International Development Ltd. rose 5.6 percent, and Galaxy Entertainment Group Ltd. jumped 5.2 percent. The latter leapfrogged Melco Crown and was the third best operator in terms of market share by gross gaming revenues, according to data compiled by Portuguese-language newspaper Tribuna de Macau.

http://www.macaudailytimes.com.mo/macau/26944-Casino-stocks-June-revenue.html

[joelipp]

Deutsche Bank Opinion

Macau plays may take a near-term breather following Monday's strong rally on robust June Macau gambling revenue figures, which rose 52% on year to HK$20 billion, faster than the year-to-date trend of 45%. Deutsche Bank says this is better than market expectations, and proves that concerns on VIP slowdown are overblown. The house remains bullish on the sector with high conviction Buys on Galaxy Entertainment (0027.HK), SJM Holdings (0880.HK) and Melco Crown. Galaxy is JPM's top sector pick as "we are confident on the success of the newly opened Galaxy Macau. With the new project, Galaxy would be the biggest market share winner for 2011 and would have the highest EBITDA growth among Macau operators during 2011-2012." Galaxy rose 5.2% to HK$17.50 Monday. ([e-mail])

http://www.morningstar.co.uk/uk/markets/...

Comment: Deutsche Bank has been bullish on GEG since it traded at HK$0.27... JP Morgan also lists GEG as its Top Pick for 2011 in the Macau Casino Sector..

[carmine_langone]

im watching this very close


i own alot of mpel might be a great stock to own some and really corner the macow market


mpel and gxyef = jackpot ding ding ding ding ding (lol)

[joelipp]

MGM China impact on other Macau casino stocks
http://www.macaudailytimes.com.mo/macau/25918-MGM-China-gains-Hong-Kong-debut.html

[joelipp]

Galaxy market share increases from 9% to 13% in May with only 15 days of gambeling.

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

[Minddoc7]

Wall Street Journal Article....

From below linked article:

Macau's May revenue was at the high end of a May 26 forecast from Bank of America Merrill Lynch for gambling revenue to hit between 23 billion patacas and 24 billion patacas last month. Analyst Billy Ng said the strong growth was partly due to the May 15 opening of Galaxy Entertainment Group Ltd.'s new casino resort in Macau's Cotai area.

"We see Galaxy Macau driving traffic and injecting new VIP liquidity, with growth in both mass (market) and VIP for the rest of 2011," Mr. Ng wrote.

http://online.wsj.com/article/SB10001424052702303745304576358614169648994.html

[joelipp]

Still no one has contributed. This stock is a sleeper no one knows about it yet.

[joelipp]

Website Link

http://www.galaxyentertainment.com/en/

[joelipp]

SEE THE CNN REPORT ON THE INTEGRATED RESORTS MANY FEATURES AND GREAT PHOTOS IN THE LINK BELOW.

GALAXY CNN REPORT LINK:
http://www.cnngo.com/hong-kong/visit/gal...

[joelipp]

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

http://www.macaubusiness.com/news/galaxy...

[joelipp]

UNION GAMING CASINO ANALYST REPORTS ON THE NEW GALAXY RESORT AND THE COMPANY BEING UNDERVALUED, SEE VIDEO LINK BELOW FROM BLOOMBERG.

BLOOMBERG GALAXY UNION GAMING LINK:
http://www.bloomberg.com/video/69796330/