Galaxy Entertainment May Continue Gaining Market Share -- Market Talk

Dow Jones03-03

0629 GMT - Galaxy Entertainment Group is expected to continue gaining market share in coming quarters, says Chokwai Lee, Morningstar director in a note. This will be driven by factors such as the opening of Capella at Galaxy Macau, Lee writes. The property, which is targeted to open mid-2025, will offer about 100 ultra-luxury sky villas and suites. However, Lee expects industry gross gaming revenue growth will ease to 6% this year from 24% a year ago, amid China's macro economy and consumption headwinds. This could moderate the casino operator's earnings growth, Lee says. Morningstar lowers its fair value estimate for the stock to HK$48 from HK$52. Shares are 1.7% higher at HK$32.45.(amanda.lee@wsj.com)

(END) Dow Jones Newswires

March 03, 2025 01:29 ET (06:29 GMT)

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However, Lee expects industry gross gaming revenue growth will ease to 6% this year from 24% a year ago, amid China's macro economy and consumption headwinds. This could moderate the casino operator's earnings growth, Lee says. Morningstar lowers its fair value estimate for the stock to HK$48 from HK$52. 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Shares are 1.7% higher at HK$32.45.(amanda.lee@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 03, 2025 01:29 ET (06:29 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0607220059.USD","symbol_name":"SCHRODER ISF HONG KONG EQUITY \"A\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2516508411","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2516508411","pubTimestamp":1740983340,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0629 GMT - Galaxy Entertainment Group is expected to continue gaining market share in coming quarters, says Chokwai Lee, Morningstar director in a note. 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