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Galaxy Entertainment Group Selected Unaudited Q3 2013 Financial Data

     Galaxy Entertainment Group Selected Unaudited Q3 2013 Financial Data

Record Quarterly Group Adjusted EBITDA of $3.2 billion, up 24% year-on-year

Further Strengthening Balance Sheet with 44% Reduction in Borrowings in Early
Q4 2013

Galaxy Macau™ Phase 2 Remains on Schedule and Budget to Complete as Macau's
Next Major Project

PR Newswire

HONG KONG, Nov. 7, 2013

HONG KONG, Nov. 7, 2013 /PRNewswire-FirstCall/ -- Galaxy Entertainment Group
Limited ("GEG" or "the Group") (HKEx stock code: 27) today reported selected
unaudited 2013 third quarter financial data for the three months ended 30
September 2013.

HIGHLIGHTS

GEG: Record Highs in Revenue and Adjusted EBITDA

  oRevenue of $16.3 billion, an increase of 16% year-on-year
  oAdjusted EBITDA of $3.2 billion, up 24% year-on-year
  oLatest twelve months Group Adjusted EBITDA, up 22% year-on-year to $11.5
    billion
  oCompleted the strategic acquisition of the Grand Waldo Complex in July
    2013

Galaxy Macau™: 9^th Consecutive Quarter of Adjusted EBITDA Growth

  oRevenue of $10 billion, up 20% year-on-year
  oAdjusted EBITDA of $2.3 billion, up 31% year-on-year
  oMass win increased by 45% year-on-year to $2.7 billion
  oVIP win of $6.5 billion, up 13% year-on-year
  oConstruction of Phase 2 is on budget and on schedule to complete by
    mid-2015

StarWorld Macau: Best Quarter of Adjusted EBITDA Ever

  oAdjusted EBITDA grew 8% year-on-year to $910 million
  oMass record win of $1.0 billion, an increase of 64% year-on-year
  oVIP volume increased 15% year-on-year to $169 billion

Balance Sheet: Strong Financial Platform for Future Growth

Dr. Lui Che-woo, Chairman of GEG commented:

  oCash on hand at 30 September, 2013 of $14.4 billion and net cash of $7.7
    billion
  oPrepaid $3.5 billion of debt in Q3 2013 which reduced borrowings by
    approximately 35% from $10.3 billion to $6.7 billion at 30 September, 2013
  oSubsequently prepaying $2.9 billion of debt in early Q4 2013, which will
    reduce borrowings by approximately 44% from $6.7 billion to $3.8 billion

"We continue to build our high quality Galaxy brand and strive to be 'Globally
recognized as Asia's leading gaming and entertainment corporation'. Our
service philosophy is to provide our guests with a memorable customer
experience by offering the highest quality resort facilities and by delivering
'World Class, Asian Heart' service. We believe that this is what truly
differentiates Galaxy.

"Our efforts to deliver on our vision have translated into another set of
record quarterly results. The Group's results were driven by the high quality
service performances of our two flagship properties, Galaxy Macau™ and
StarWorld Macau. The exciting plans for Phase 2 of Galaxy Macau™ remain on
schedule, and will further fulfill our promise of providing customers with
quality facilities and service.

"Over the years Galaxy has received numerous industry awards as evidence of
our focus on delivering the very best customer experience including: Best
Managed Company in Hong Kong, Top 10 Resort Hotels of China and Best Service
Hotel, to name a few. These achievements would not be possible without the
dedication and tireless efforts of our 15,000 strong Galaxy team members, and
I would like to personally thank them all for their commitment to achieving
Our Vision.

"Looking ahead, Macau and the region are set to prosper for many years to come
as major infrastructure works come on stream that will greatly improve access
to Macau from Mainland China and transform travel within the region."

Group Financial Results

The Group posted record quarterly revenue and earnings in the third quarter of
2013. Revenue increased by 16% year-on-year to $16.3 billion, while Adjusted
EBITDA improved 24% year-on-year to $3.2 billion. As of 30 September 2013, the
latest twelve months Group Adjusted EBITDA climbed 22% to $11.5 billion.
Galaxy Macau™'s 31% growth in Adjusted EBITDA along with StarWorld Macau
achieving its highest ever quarter of Adjusted EBITDA were the key factors in
the increase in Group earnings.

As of 30 September 2013, cash on hand stood at $14.4 billion, including
restricted cash of $2.2 billion, and were net cash by $7.7 billion. During the
quarter we reduced our borrowings by almost 35% by prepaying $3.5 billion of
bank debt where total debt declined from approximately $10.3 billion to $6.7
billion at 30 September, 2013. Subsequent to the period end, we are prepaying
$2.9 billion of debt in early Q4 2013 which will reduce borrowings by
approximately 44% from $6.7 billion to $3.8 billion.

Galaxy Macau™

Galaxy Macau™ delivered its ninth consecutive quarter of Adjusted EBITDA
growth at $2.3 billion, an increase of 31% year-on-year and 10%
quarter-on-quarter. Revenue of $10 billion, grew 20% year-on-year and 8%
sequentially. During the quarter, mass revenue was up by 45% to $2.7 billion
and VIP revenue also grew 13% to $6.5 billion. Non-gaming revenue in the
quarter remained broadly in line with the same period last year, but grew 12%
quarter-on-quarter to $376 million. Hotel occupancy at Galaxy Macau™ which
encompasses three five star hotels was 99%. Adjusted EBITDA margin for the
period improved to 23% (Q3 2012: 21%) calculated under HK GAAP, or 31% under
US GAAP (Q3 2012: 29%). The property also generated latest twelve months
Return on Investment ("LTM ROI"*) of 48%.

VIP Gaming
HK$'m        Q3 2012 Q2 2013 Q3 2013 YoY% QoQ%
Turnover     173,295 178,196 191,140 10%  7%
Net Win      5,720   5,965   6,473   13%  9%
Win %        3.3%    3.3%    3.4%
Mass Gaming
HK$'m        Q3 2012 Q2 2013 Q3 2013 YoY% QoQ%
Table Drop   6,297   6,845   7,012   11%  2%
Net Win      1,885   2,538   2,730   45%  8%
Hold %       29.9%   37.1%   38.9%
Electronic Gaming
HK$'m        Q3 2012 Q2 2013 Q3 2013 YoY% QoQ%
Slots Handle 5,345   7,781   8,375   57%  8%
Net Win      313     383     402     28%  5%
Hold %       5.8%    4.9%    4.8%

StarWorld Macau

StarWorld Macau achieved its highest ever quarter of Adjusted EBITDA at $910
million, an increase of 8% year-on-year. These results were driven by record
mass win and strong performance in VIP. Mass revenue grew 64% year-on-year and
18% sequentially to a record $1.0 billion. On the VIP side, rolling chip
volume grew a healthy 15% year-on-year to $169 billion while win grew only 2%
to $4.5 billion due to a lower win rate of 2.7% in Q3 2013 compared to 3.0% in
Q3 2012. Hotel occupancy was 99% for the quarter. Adjusted EBITDA margin under
HK GAAP and US GAAP remained consistent with the same period last year at 16%
and 26%, respectively. StarWorld Macau reported LTM ROI* of 94%.

VIP Gaming
HK$'m               Q3 2012      Q2 2013      Q3 2013      YoY%      QoQ%
Turnover            147,064      161,913      169,121      15%       4%
Net Win             4,416        4,807        4,500        2%        -6%
Win %               3.0%         2.9%         2.7%
* LTM ROI calculated based on the total Adjusted EBITDA for the latest twelve
months divided by gross book value through 30 September 2013 including
allocated land cost.
Mass Gaming
HK$'m               Q3 2012      Q2 2013      Q3 2013      YoY%      QoQ%
Table Drop          2,627        2,663        2,829        8%        6%
Net Win             618          856          1,012        64%       18%
Hold %              23.1%        32.2%        35.4%
Electronic Gaming
HK$'m               Q3 2012      Q2 2013      Q3 2013      YoY%      QoQ%
Slots Handle        882          777          744          -16%      -4%
Net Win             59           48           44           -25%      -8%
Hold %              6.7%         6.1%         5.9%

Selected Industry Recognition in 2013

GEG Group

Year Award                                         Organization
     Best Managed Company in Hong Kong

     Best Investor Relations in Hong Kong

     Best Corporate Governance in Hong Kong        FinanceAsia Magazine
2013 2^ndPlace

     Best Corporate Social Responsibility in Hong
     Kong 3^rdPlace
     Casino Operator of the Year Australia / Asia  International Gaming Awards
                                                   (IGA)

Galaxy Macau™

Year Award                           Organization
     Most Charming Resort in Asia    Golden Horse Award of China Hotel
2013 Top 10 Resort Hotels of China   China Hotel Starlight Awards
     Forbes Travel Guide Star Awards Forbes Travel Guide
     Best Resort Hotel Macau         International Hotel Awards

StarWorld Macau

Year Award                                   Organization
     Best Service Hotel of the Year          China Travel and Meeting Industry
                                             Awards
2013 Top 10 Glamorous Hotels of China        China Hotel Starlight Awards
     (2010-13)
     Best Service Hotel (2011-13)            Golden Horse Award of China Hotel
     Macau Elite Service Hotel Award         Ming Pao Weekly

City Clubs and Construction Materials Division

City Clubs' Adjusted EBITDA in the third quarter was $48 million, up 23%
year-on-year.

The  Construction Materials Division delivered a 22% year-on-year uplift in
Adjusted EBITDA to $138 million.

Cotai Development Update

Construction of Phase 2 of Galaxy Macau™ remains on budget and on schedule to
complete as the next major project in Macau by mid-2015. We are well advanced
with our planning of Phases 3 and 4 and we expect to commence construction in
early 2014.

Grand Waldo Complex

In July 2013, GEG completed the $3.25 billion acquisition of the Grand Waldo
Complex. Located across the street from Galaxy Macau™ and the Group's Cotai
landbank, the Grand Waldo Complex is strategically important to GEG's
development pipeline. We continue to work on exciting renovation plans and we
anticipate to be able to share those plans in early 2014.

Outlook

GEG continues to execute operationally resulting in record quarterly revenue
and earnings at a Group level driven by strong operational performance across
the board led by Galaxy Macau™ and StarWorld Macau.

As the Macau gaming market continues to evolve and cater to the mass market, a
broader customer group from the Mainland in particular is visiting Macau. A
key component in the Group's success is its 'World Class, Asian Heart' product
and service philosophy. Understanding the changing tastes and demands of the
customer is extremely important in this dynamic market, and GEG has tailored
its offer at both flagship properties to strengthen their appeal and maximise
returns.

Macau's prospects for the remainder of this year and beyond are very bright,
and GEG looks to its future with confidence. Considerable progress is being
made on the development side including the construction of Phase 2 of Galaxy
Macau™ and our plans for Cotai Phases 3 and 4. Set to complete in parallel
alongside major infrastructure improvements, GEG is confident these
developments will capture the imagination of the next generation of visitors
to Macau, unlock the Group's earnings potential for many years to come, and
support Macau's efforts to diversify its economy and become a world tourism
destination.

Full version of this press release can be accessed at:
http://www.prnasia.com/sa/attachment/2013/11/2013110713472986430.pdf

About Galaxy Entertainment Group Limited (HKEx stock code: 27)

Galaxy Entertainment Group Limited ("GEG") is one of Asia's leading gaming and
entertainment corporations, and is a member of the Hang Seng Index.

GEG develops and operates hotels, gaming and integrated resort facilities in
Macau, the only legal gaming location in China and the largest gaming
entertainment market in the world.

The two flagship properties of GEG include Galaxy Macau™, a world class
integrated destination resort opened in May 2011 at Cotai, and StarWorld Hotel
and Casino, an award-winning property opened in 2006 on the Macau peninsula.

In April 2012, GEG announced the development of Galaxy Macau™ Phase 2 that
will nearly double the size of the existing resort to one million square
metres. Upon its targeted completion by mid-2015, Galaxy Macau™ Phase 2 will
bring to Macau some of the most exciting entertainment, leisure, retail and
MICE facilities. In December 2012, GEG outlined its concept plans for Phases 3
& 4 of its Cotai landbank and expects to commence construction by the end of
2013 / early 2014 with a targeted phased opening between 2016 and 2018.

Additionally, GEG operates City Club Casinos in Macau and a Construction
Materials Division.

For more information, please visit http://www.galaxyentertainment.com.

For Media Enquiries:

Galaxy Entertainment Group

Mr. Peter J. Caveny

Vice President, Investor Relations
                                   
Tel: +852-3150-1111
                                   Ms. Yoko Ku
Email: ir@galaxyentertainment.com
                                   Manager, Investor Relations

                                   Tel: +852-3150-1111
Ms. Kelrah Pang
                                   Email: ir@galaxyentertainment.com
Senior Manager, Investor Relations

Tel: +852-3150-1111

Email: ir@galaxyentertainment.com

SOURCE Galaxy Entertainment Group Limited

Website: http://www.galaxyentertainment.com
Website: http://www.prnasia.com/sa/attachment/2013/11/2013110713472986430.pdf