HONG KONG (dpa-AFX) - Galaxy Entertainment Group Limited (GXYEF.PK) posted third-quarter revenue of $17.3 billion, an increase of 6% from last year. Adjusted EBITDA increased by 1% in the same period to $3.3 billion.
The Group's total gaming revenue for third-quarter 2014 on a management basis grew a market leading 6.5% year-on-year to $17.1 billion driven by solid increases in VIP and Mass.
Galaxy Entertainment Group noted that it continues to be optimistic about its future prospects and those of Macau as a whole. While 2014 has been a more challenging year for the industry, primarily as a result of economic headwinds, the appeal of Macau as a recreational and holiday destination for Mainland Chinese visitors is undiminished.
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