Record Stock Streak Enriches Casino Tycoon by $12 Billion
- Galaxy Entertainment shares have tripled since June 2016
- Goldman, Macquarie see stock soaring past all-time high
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Macau’s top casino operator is on a record winning streak as the effects of a Chinese anti-graft campaign fade -- and that’s enriching its owner to the tune of $12 billion.
Galaxy Entertainment Group Ltd. has jumped about 200 percent during a seven-quarter winning streak, placing it among the top four performers on Hong Kong’s Hang Seng Index. Analysts are bullish, with 24 saying buy and not a single sell rating, while their consensus target price implies a further 12 percent gain.