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Moviemad Website Bollywood Movies illegal Download Hollywood Hindi Dubbed Movies from Movie Mad, Latest News

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Moviemad Website Bollywood Movies illegal Download Hollywood Hindi Dubbed Movies from Movie Mad, Latest News

About Moviemad?

Moviemad is a popular website providing a broad variety of new films with high-quality pictures and audio features. You can download or watch your favorite movie in different resolutions, with decent video quality and subtitles. As this pirated platform provides material in various video formats you can stream videos according to your needs. Unlike other pirated sites, the Moviemad website does not contain any bugs or viruses that could damage your computer. Since this website provides free content and publishes redundant content this is forbidden in India. So you would need a VPN to use this website smoothly for quick access to content.

 

What is the History Of Movie mad.com Site?

Moviemad Linkworks as a torrent page for Films. It has a collection of pirated movies, that are regularly updated. All the videos are available for access at no fee. The current films are repeated copies of original films and are therefore illegal in certain nations. The domain remains commonly restricted by authorities but to combat this Moviemad works via separate domain names. Hollywood, Bollywood, and Tollywood titles, along with the new films of all styles, are accessible on this platform. It is easy to use, so you don’t need to sign in to an account.  It is torrent-based and has also partnered with other content libraries and provides links with access to their content as well.

The best and safest way to watch movies is on Theatre and in OTT platforms. Many illegal movies leak the latest as well as old movies on its website. One of the movie added to the piracy list is given here.

 

The illegal websites often change their domain and leak movies on its website. Because of the illegal websites the whole effort of the film industry goes waste. The piracy websites not only leak movies but also TV shows, web series.

What are the Movies illegally Leaked by Moviemad?

The Moviemad often illegally leaks movies on its website. The Moviemad has a list of movies, web series on its website. The Moviemad website has many genres and illegally leaks releases movies in various languages too. The list of movies illegally leaked by Moviemad is listed below.

  • Khuda haafiz
  • The Lost City of Z
  • The Fate of the Furious

How Does Moviemad guru Site Work?

Moviemad guru has no sign-up provision and can be used freely without a password, rendering it free of subscription. One can access a pirated version of any favorite movie with just a few taps. The site also offers various apps across diverse domains and applications. Films are either downloaded or viewed digitally, which ensures that even with limited capacity the website enables us to see a video. Moviemad now has a mobile app that can share cell phone videos.

Is It Safe To Access Moviemad link Site?

Safety can not be guaranteed but there are more advantages to this place than their issues. The app creates a lot of traffic and is vulnerable to malware targeting the computer which is an annoyance of using this website. Using the Moviemad link site is also easier because it does not need the consumer’s personal details and does not need to sign up for an account. Cookies will sometimes be an annoyance because they slow down the machine but do not do any damage. The anti-piracy laws have no protections for the user in virtually every region and instead concern the distributor.

Is It Legal To Use Moviemad biz Site?

The Moviemad biz Domain is unconstitutional when it comes to the question of legality. The usage of such pages is prohibited under the Anti-Piracy legislation. The domains stay inaccessible as the websites use content without the owner’s permission. Consequently, in nearly all nations, that is unconstitutional. Piracy is a felony and it falls under criminal prosecution if an individual posts material electronically without copyright.

What are the Alternatives to Moviesmad?

A lot of websites offer pirated content. Today, creating a web site and posting material is effortless for everyone, which raises Moviemad ‘s competitiveness. Many of these websites are illegally releasing films to the public well before they’re published. Some of the alternative sites which serve free movies are:

How Many Resolution Formats Are Available to Download from Moviemad South?

Moviemad South has a large collection of films in high quality and varied formats, compared to other websites. You can opt for the quality depend upon the capacity and internet data availability. Users are at the liberty to select the resolution they want.  Here is the list of resolution formats you can download movies:

  • 420p
  • 720p
  • 1080p
  • HDRip
  • Bluray
  • DVDscr
  • DVDrip

How soon does Moviemad release a new movie?

Moviemad the illegal website releases old as well as new movies on its website. When a new movie is released in the theatre, this illegal website do piracy of the movie and uploads it on its website. Users can get the latest movie download links from Moviemad illegal website very quickly once the latest movie is released. Streaming or downloading movies from illegal websites like Moviemad, FMovies, Filmywap is a crime. So we suggest not to watch or download movies from these kinds of illegal websites.

What are the Special Features of Moviemadsite?

If you watch a video digitally, the site drops all the ads to have an unimpeded vision. There are good quality videos without the need to compensate. The new films are accessible in cinema halls even before they’re released. Various genres, such as Action, Thriller, Korean, Tollywood, Bollywood, Hollywood, and other countries, as well as foreign cinema, can be found at the click of a button. You might observe the following features of the website.

  1. This website is a popular and trending name in the search engine of the online platform.
  2. Apart from download options, online streaming is also available on this website. Therefore a user does not need to waste storage of the device to watch their favorite content.
  3. The catalog of contents of this website is different for different countries. Therefore this pirated website is popular outside India as well. This website is available in different languages which makes it more user-friendly.
  4. The large collection of the movie, TV shows, miniseries, etc makes it one of the most popular pirated website. All types of categories like action, horror, comedy, etc are available on this website.

Is it Illegal to watch or download movies, web-series, TV Serials, OTT Movies, OTT web-series  online from Moviemad?

Moviemad is a website publishing pirated movies, TV serials, web-series, OTT original web series, OTT original movies. Since it is pirated content, law prohibits a person from visiting such websites. Each country has its own control mechanism to avoid such websites from loading in their countries. If we visit such websites through illegal means, then it is considered an offence. Each country has its own laws and punishments for people watching copyrighted work on pirated sites. In most of the countries, heavy fine is imposed for users watching copyrighted content from pirated website. Despite the heavy fine, some country has laws that can even arrest a person for watching illegal/prohibited content online. So, please read the cyber law in your region and try to stay safe.

Disclaimer – GetFreshNews does not promote piracy and is strictly against online piracy. We understand and fully comply with the copyright acts/clauses and ensure we take all steps to comply with the Act. Through our pages, We intend to inform our users about piracy and strongly encourage our users to avoid such platforms/websites. As a firm we strongly support copyright act. We advise our users to be very vigilant and avoid visiting such websites.

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Bullets 2021 Hindi Uploaded by 7StarHD 2021

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Bullets 2021 Hindi Uploaded by 7StarHD 2021-2

Bullets 2021 Hindi Uploaded by 7StarHD 2021

Synopsis Bullets 2021:

Bullets 2021 Story: Tina and Lolo are bold, badass, and brave girls who find themselves on a mission to thwart an illegal arms/weapons deal between two countries. On the quest to gather evidence, a mishap occurs and the duo is suddenly up against an influential politician. They soon find themselves being chased not only by his goons but also by the police. Whilst on the run to save themselves from the repercussions of an incident, they are faced with multiple hurdles Will they get arrested, will they get killed or will they be able to complete their mission. Shot in the most stylish and beautiful locales in India and Malaysia, this unpredictable and thrilling chase packed with high octane action will definitely keep you on the edge, craving for more.

Bullets 2021 Hindi Uploaded by 7StarHD 2021

Title: Bullets 2021
Year: 2021
Genres: Action, Crime, Thriller
Director / Producer: Devang Dholakia
Film Stars: Sunny Leone, Karishma Tanna, Amaan Khan
Movie Quality: 720p HDRip
Duration: Web Series, TV Series
Size: 900MB
Language: Hindi
Release Date and Country: 8 January 2021 (India)
Awards:
Budget:

Cast and Crew:

CAST
Actors Characters Description
Sunny Leone Tina
Karishma Tanna Lolo
Vivek Vaswani Hemant Korade
Deepak Tijori Ketu
Farid Amiri Avinash
Amaan Khan Inspector
Sakshi Pradhan
Shawn Arranha Lewis Lobo

Bullets 2021 Movie Uploaded by 7StarHD 2021 is a mainstream site that offers a bunch of Movies Bollywood, Hollywood in the English language, and also in Hindi Dubbed along with Tamil, Karnataka Tamil, and Telugu many other local languages as per the locales.

All Movies are available in HD format starting from 360p 480p 720p 1080p up to 4K and also available in 8K. All films are available for the users at the starting age of release. The 7StarHD 2021 site is known individually around the world for all types of film.

It offers an enormous scope of movies named in Hindi. This is why the website 7StarHD 2021 is very famous for its users to get their required content.

About 7StarHD 2021?

Bullets 2021 Movie Uploaded

7StarHD 2021 is a standard website for old and new release movies also the information on upcoming movies. And sometimes the movie is not released in the theater and it will be available for the users to watch online or download to their computer are Mobile.

There are additionally differently named films on the site that give the guest a sample of various film areas. Just accessible on the site are the Bollywood and Hollywood movies that the maker distributes. 7StarHD 2021 offers one of Indian film’s generally energizing and new film assortments from the Southern District.

These movies are likewise accessible in pilfered named variants that empower watchers from everywhere to appreciate the interesting spine chillers.

Bullets 2021 Movie Uploaded

7StarHD 2021 website gives the HD and UHD of recently released movies to their users as fast as movie release.

7StarHD 2021 has uploaded movies of different genres to their site including Tamil, Hindi, Kannada, Malayalam, and English with the name in Hindi, and it is among the primary Marathi.

How Did 7StarHD 2021 Emerge?

Bullets 2021 Movie Uploaded

The 7StarHD 2021 sites started as a little site that used to transfer Tamil, Telugu, and Malayalam. The site zeroed in essentially on the ongoing top films and got a huge climb in the number of its visitors. Such factors helped the site proceed to extend and have driven it to the popularity it has today.

However, since the webpage is a copyright content site, it has been hindered commonly in the past by the legislature. However the URL has still adjusted, so it has proceeded on itself.

Movies are the best amusement for some individuals. The best movies must be viewed in the theater. In any case, the lenient sites release the films. How about we see which film is added to the theft list from this article.

What are the Movies leaked by 7StarHD 2021?

Bullets 2021 Movie Uploaded

The authors of 7StarHD 2021 regularly upload movies on their site. The 7StarHD 2021 has unlimited movies of all genres and TV shows, which are available on its site.

The 7StarHD 2021 sites have numerous types and illicit breaks discharge films in different dialects as well. Some of the movie’s names are, mentioned below that are uploaded by 7StarHD 2021.

Hollywood Sex Wars (2011) Darr (1993) Hindi
Olympus Has Fallen Hindi (2013) Brave (2007) Hindi
RED (2010) Game of Thrones (2011)
Working Girls 2020 Chennai 2 (Chennai 600028 II) (2021)
Bullets 2021

How Does 7StarHD 2021 Website Make Profit?

Bullets 2021 Movie Uploaded

The author of the website typically uploads a movie after releasing it to the cinema. Also, in some cases, the movie is available online for watching and downloading before it available to the theaters even before it releases.

In this way, the website generates extraordinary traffic with a huge amount through the ads shown on the website. The website is getting extraordinary traffic because the local advertisers publish their advertisements to the site and pay money to the owner of 7StarHD 2021.

This is the way the site has both expanded the number of visitors by uploading the new movies and because of the traffic, they collect the cash they acquire. 7StarHD 2021 is a downpour site, which transfers the entirety of its films as pilfered content.

Various individuals from unidentified spots lead site administration. Clients may look over film gatherings and import their number one motion pictures as effectively as they need. To stream motion pictures from the 7StarHD 2021 site, the client will initially get to the web by entering the particular area name.

Also, after this, the client is allowed to download their #1 motion picture. At the point when the site gets to click on promotions and different connections, Google AdSense furnishes distributors with a way to bring in cash from their online substance.

Is 7StarHD 2021 Safe to Download a Movie?

Bullets 2021 Movie Uploaded

7StarHD 2021 is certainly not a safe download webpage for motion pictures. While a great many individuals utilize the site to download the film since it gives the film for free, the site can uncover you and your information to programmers before the overall organization. So we favor you to download a film on the protected paid site.

Is it legal to use 7StarHD 2021 for Movie Download?

Bullets 2021 Movie Uploaded

The 7StarHD 2021 site advances theft, and any site advancing any online robbery content is illegal. That is the reason 7StarHD 2021 gives free admittance to motion pictures that don’t utilize the application.

If you are utilizing the site, you may confront punishments on the web for illegal conduct. So we’d preferably keep you safe and utilize the correct legitimate site to stream your film.

How soon does 7StarHD 2021 release a new movie?

Bullets 2021 Movie Uploaded

7StarHD 2021 the illegal site discharges old just as new films on its site. At the point when another film is delivered to the theater, this illegal site does robbery the film and transfers it on its site. Clients can get the most recent film download joins from 7StarHD 2021 illicit sites rapidly once the most recent film is delivered.

Streaming or downloading motion pictures from illegal sites like 7StarHD 2021, FMovies, Filmywap is wrongdoing. So we recommend not watching or downloading films from these sorts of illicit sites.

What are the movie file sizes available on the 7StarHD 2021 Illegal Website?

Bullets 2021 Movie Uploaded

Distinctive web pages will permit you to get to different estimations of the motion pictures in case you’re downloading on the versatile web or PC. The accessible document measures that clients can select from the Movies wood Illegal Website are recorded beneath.

300MB dimension videos and movies 600MB dimension videos and movies
2GB dimension videos and movies 4GB dimension videos and movies

What are the Best Alternatives to the 7StarHD 2021 website?

There are a few sites on the web that permit you to watch your #1 recording and shows in the most ideal condition. Indeed, every one of these sites has pilfered duplicates of the shows and movies. These sites offer recordings of good quality and thusly fill in as a powerful option in contrast to this site.

All the substance on those sites is the pilfered form of the movies. Subsequently, the counter theft cells remain on watch. They would thus be able to get impeded whenever. Better believe it, it’s likewise a shrewd plan to consistently ensure nothing defers your amusement, to have substitute sites nearby.

The following are the absolute most recent choices you should seriously mull over for your 7StarHD 2021 sites.

7starhd BigFlix TamilGun MoviesMania Downloadhub
TnMoviez Teluguwap WapKing Kuttymovies KeralMax
CinemaWap Movierulz Khatrimaza Levidia Tamilrockers
Filmywap 9xmovies 9jarocks Filmyzilla Jio Rockers
Tamilyogi Foumovies Worldfree4u 123movies Isaimini
Filmy4wap skymovies Mp4moviez PelisMagnet Movie Counter
Soap2day Cinemavilla Yts xeroxe Bollyshare
Madras Rockers  SkymoviesHD

What Movie Categories Available on the 7StarHD 2021 website?

There is a thorough choice of film types accessible on 7StarHD 2021. Regardless of whether you’re a major devotee of South Indian motion pictures or need to go on science fiction undertakings like Star Wars, this site will have you engaged with its inconceivable assortment of choices.

Numerous who love provincial movies will even value any of the new films and recordings on their foundation without pondering any mystery charges. A portion of the famous classifications you can pick include:

Hollywood Movies Bollywood Movies
Punjabi Movies South Indian Movies
Latest TV Shows

 How 7StarHD 2021 is popular?

Bullets 2021 Movie Uploaded

7StarHD 2021 has a worldwide Alexa Rank of 785,524, as indicated by Alexa.com, a site that gives insights on sites across various classes. This rank depends on Alexa.com’s traffic information accumulated over an enormous number of web clients around the world.

7StarHD 2021’s achievement has filled over the most recent 90 days, as indicated by Alexa.com since its Global Alexa Rank has moved from 980,227 to 785,705.

Moreover, Alexa.com reports that 1 site on this site is perused consistently per client with the normal time spent on the stage being 0.53 minutes (This data was recorded as found at Alexa.com on April 9, 2020, and Fresherslive.com doesn’t express the realness of this data nor does it take any risk for the equivalent).

What Makes 7StarHD 2021 Special?

Bullets 2021 Movie Uploaded

We’ve just talked about how 7StarHD 2021 is unquestionably more famous than any free site downloading contemporary films. Today, some interesting highlights made 7StarHD 2021 such a mainstream site. In this way, here is one kind highlight 7StarHD 2021 makes uncommon.

  • This site is open from any piece of the world. So regardless of where you will be, you can experience the site with a hint of the finger. That has brought the site traffic from the worldwide level and increment the number of clients.
  • The site refreshes its clients when it transfers another film. This gives the client a major benefit as they don’t miss a solitary transfer. What’s more, this is likewise an explanation that the clients will download each new film that goes to the market for nothing.
  • The site gives HD films of various qualities. In any case, there are films of such reduced stockpiling like 300MB which encourages your spare space on your device. Furthermore, the film nature of such a short size will bewilder you

 

Disclaimer:

  1. All My Post are Free Available on INTERNET Posted By Somebody Else, I’m Not VIOLATING Any COPYRIGHTED LAW. If Anything Is Against LAW, Please Notify Me So That It Can Be Removed.
  2. GetFreshNews.com doesn’t promote piracy and is strictly against online piracy. We understand and fully comply with the copyright acts/clauses and ensure we take all steps to comply with the Act.
  3. Through our pages, we intend to inform our users about piracy and strongly encourage our users to avoid such platforms/websites.
  4. As a firm, we strongly support copyright acts. We advise our users to be very vigilant and avoid visiting such websites.

 

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Entertainment

Galaxy Entertainment Group Reports Q4 & Annual 2020 Results

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Chart of GEG Full Year Adjusted EBITDA (Photo: Business Wire)

Galaxy Entertainment Group (“GEG”, “Company” or the “Group”) (HKEx stock code: 27) today reported results for the three month and twelve month periods ended 31 December 2020. (All amounts are expressed in HKD unless otherwise stated)

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210224006247/en/

Chart of GEG Full Year Adjusted EBITDA (Photo: Business Wire)

Chart of GEG Full Year Adjusted EBITDA (Photo: Business Wire)

LETTER FROM THE CHAIRMAN OF GALAXY ENTERTAINMENT GROUP

I wish to take this opportunity to update you on the status of Macau and the performance of GEG in 2020. COVID-19 has continued to impact the community and businesses globally including Macau and GEG. In Q4 2020, Mainland China, Hong Kong and Macau continued to experience travel restrictions and social distancing measures as they continued to effectively contain the pandemic. Given the subdued revenue the Group’s Adjusted EBITDA was $1.0 billion for the fourth quarter. This represents a 207% improvement compared to the Adjusted EBITDA loss of $0.9 billion reported in Q3. This improvement was largely driven by an increase in visitation which translated into increased revenue and continuing cost control. The full year Adjusted EBITDA was $(1.0) billion versus $16.5 billion in 2019.

We again applaud the Macau Government for their proactive leadership during the challenging pandemic crisis. Their focus is not only to ensure the health and safety of the community, but also ensuring that Macau is well positioned to attract visitors, support economic recovery and maintain the social stability of Macau.

We continue to make good progress with our development projects including Cotai Phases 3 & 4. In the meanwhile, we renovate, reconfigure and introduce new products to our resorts. In addition, we remain engaged in our international expansion plans including Japan, which is also being impacted by the pandemic.

Due to our conservative financial management, the Group’s net cash as at year end provides us with valuable flexibility in managing our ongoing operations and allows us to continue with our longer term development plans.

In the Macau Policy Address for 2021, Chief Executive Mr. Ho Iat Seng stated that the Government will promote the stable and healthy development of the gaming industry, and to commence preparatory and preliminary work for the new gaming concessions. We are looking forward to the launching of the public consultation in the 2H 2021.

Upholding the philosophy of “what is taken from the community is to be used for the good of the community”, we have been proactively supporting Macau and the Mainland during this epidemic. GEG has been working with the community to combat the outbreak through an array of practical initiatives, including: offering cash donations, donating hygiene & essential supplies, supporting local SMEs and providing timely assistance to numerous non-profit welfare and social service organizations and schools. In addition, GEG also adopted and supported all protective measures laid out by the Health Bureau of the Macau SAR Government and strengthened the epidemic prevention measures within our resorts.

In the medium to longer term, we have great confidence in the future of Macau. We have seen signs of early recovery post the reinstatement of the IVS in late September 2020 and it may take a few more quarters for business volumes to ramp up. However, we do acknowledge the ongoing difficulties associated with COVID-19 and potential future flare ups of COVID-19 could have a material adverse impact on our financial performance. Given the uncertainty caused by the COVID-19 pandemic, today the Board of Directors has decided not to declare a dividend.

We are pleased to hear that Macau and other locations are proceeding with their COVID-19 vaccination rollout plans. We believe that when Mainland and international tourists make future travel plans, health and safety will be foremost in their minds.

Finally, I would again like to acknowledge and thank the health and emergency personnel who have worked so hard to ensure the safety of Macau. I would also like to thank our staff, management team and Board of Directors who voluntarily contributed to the various cost savings programs and for being so supportive of our Company during this period of time. Thank you!

Dr. Lui Che Woo

GBM, MBE, JP, LLD, DSSc, DBA

Chairman

Q4 & FULL YEAR 2020 RESULTS HIGHLIGHTS

GEG: Well Capitalized to Weather the Storm

  • Full Year Group Net Revenue of $12.9 billion, down 75% year-on-year
  • Full Year Group Adjusted EBITDA of $(1.0) billion versus $16.5 billion in 2019
  • Full Year Group net profit attributable to shareholders (“NPAS”) of $(4.0) billion, down 130% year-on-year including $746 million of non-recurring and other charges
  • Full year Adjusted NPAS of $(3.2) billion, down 123% year-on-year after adjusting for non-recurring and other charges
  • Q4 Group Net Revenue of $5.1 billion, down 61% year-on-year and up 229% quarter-on-quarter
  • Q4 Group Adjusted EBITDA of $1.0 billion, down 75% year-on-year and up 207% quarter-on-quarter
  • Played unlucky in Q4 which decreased Adjusted EBITDA by approximately $59 million, normalized Q4 Adjusted EBITDA of $1.1 billion, down 73% year-on-year and up 214% quarter-on-quarter

Galaxy Macau: Adjusting Operations to the Current Business Environment

  • Full Year Net Revenue of $7.8 billion, down 79% year-on-year
  • Full Year Adjusted EBITDA of $(0.9) billion versus $12.6 billion in 2019
  • Q4 Net Revenue of $3.3 billion, down 64% year-on-year and up 430% quarter-on-quarter
  • Q4 Adjusted EBITDA of $0.7 billion, down 77% year-on-year and up 193% quarter-on-quarter
  • Played unlucky in Q4 which decreased Adjusted EBITDA by approximately $41 million, normalized Q4 Adjusted EBITDA of $0.8 billion, down 74% year-on-year and up 199% quarter-on-quarter
  • Hotel occupancy for Q4 across the five hotels was 49%

StarWorld Macau: Adjusting Operations to the Current Business Environment

  • Full Year Net Revenue of $2.2 billion, down 80% year-on-year
  • Full Year Adjusted EBITDA of $(0.3) billion versus $3.5 billion in 2019
  • Q4 Net Revenue of $1.0 billion, down 64% year-on-year and up 380% quarter-on-quarter
  • Q4 Adjusted EBITDA of $0.2 billion, down 81% year-on-year and up 167% quarter-on-quarter
  • Played unlucky in Q4 which decreased Adjusted EBITDA by approximately $18 million, normalized Q4 Adjusted EBITDA of $0.2 billion, down 79% year-on-year and up 176% quarter-on-quarter
  • Hotel occupancy for Q4 was 57%

Broadway Macau™: A Unique Family Friendly Resort, Strongly Supported by Macau SMEs

  • Full Year Net Revenue of $94 million, down 84% year-on-year
  • Full Year Adjusted EBITDA of $(0.2) billion, versus $39.0 million in 2019
  • Q4 Net Revenue of $16 million, down 90% year-on-year, up 23% quarter-on-quarter
  • Q4 Adjusted EBITDA of $(28) million, versus $(37) million in Q3 2020 and $16 million in Q4 2019
  • There was no luck impact on Q4 Adjusted EBITDA
  • Hotel occupancy for Q4 was 22%

Balance Sheet: Healthy and Liquid Balance Sheet

  • As at 31 December 2020, cash and liquid investments were $46.0 billion and net cash was $36.8 billion
  • As at 31 December 2020, debt was $9.2 billion, including $8.7 billion associated with our treasury yield enhancement program and $0.5 billion of core debt

Development Update: Continuing to Pursue Development Opportunities

  • Continue to make ongoing progressive enhancements to our resorts to ensure that they remain competitive and appealing to our guests
  • Cotai Phases 3 & 4 – Continue with development works for Phases 3 & 4, with a strong focus on non-gaming, primarily targeting MICE, entertainment, family facilities and also including gaming, given COVID-19, timelines may be impacted
  • Hengqin – Encouraged by recent strengthening of the relationship between Hengqin and Macau, continue with planning of our Hengqin project. We are also expanding our focus beyond Hengqin and Macau to potentially include opportunities within the rapidly expanding Greater Bay Area
  • International – Continuously exploring opportunities in overseas markets, including Japan

Macau Market Overview

With the outbreak of COVID-19, the Macau Government acted rapidly and decisively to control the pandemic. Basically for the whole year of 2020 Macau was impacted by COVID-19 and the associated travel restrictions. Based on DICJ reporting, Macau’s Gross Gaming Revenue (“GGR”) for the full year 2020 was $58.7 billion, down 79% year-on-year. GGR in Q4 2020 was $21.2 billion, down 70% year-on-year and up 347% quarter-on-quarter.

Furthermore, border entry restrictions were introduced and combined with the ongoing IVS temporary suspension, customer arrivals were impacted. The IVS was progressively reinstated through the third quarter of 2020. However, the majority of Mainland Chinese visitors were not eligible to apply for travel to Macau until late September.

In 2020, visitor arrivals to Macau were 5.9 million, down 85% year-on-year, in which overnight visitors and same-day visitors both decreased 85% year-on-year. The average length of stay for overnight visitors increased by 0.6 day to 2.8 days. Mainland visitor arrivals to Macau were 4.8 million, down 83% year-on-year. For Q4 2020, visitor arrivals to Macau were 1.9 million, down 80% year-on-year and up 150% quarter-on-quarter. Mainland visitor arrivals to Macau were 1.7 million, down 73% year-on-year and up 155% quarter-on-quarter.

Group Financial Results

Full Year 2020

The Group posted net revenue of $12.9 billion, down 75% year-on-year. Adjusted EBITDA was $(1.0) billion versus $16.5 billion in 2019. Net profit attributable to shareholders was $(4.0) billion, down 130% year-on-year. Galaxy Macau™’s Adjusted EBITDA was $(0.9) billion versus $12.6 billion in 2019. StarWorld Macau’s Adjusted EBITDA was $(0.3) billion versus $3.5 billion in 2019. Broadway Macau™’s Adjusted EBITDA was $(0.2) billion versus $39.0 million in 2019.

GEG played lucky in its gaming operation during 2020, which increased its Adjusted EBITDA by approximately $25 million. Normalized 2020 Adjusted EBITDA was $(1.0) billion versus $15.7 billion in 2019.

The Group’s total GGR on a management basis1 in 2020 was $11.5 billion, down 81% year-on-year. Mass GGR was $6.1 billion, down 79% year-on-year. VIP GGR was $4.9 billion, down 82% year-on-year. Electronic GGR was $477 million, down 81% year-on-year.

Group Key Financial Data

(HK$’m)

2019

2020

Revenues:

Net Gaming

43,582

8,566

Non-gaming

5,486

1,571

Construction Materials

2,834

2,739

Total Net Revenue

51,902

12,876

Adjusted EBITDA

16,479

(1,020)

Gaming Statistics2

(HK$’m)

2019

2020

Rolling Chip Volume3

715,988

130,584

Win Rate %

3.9%

3.8%

Win

27,583

4,910

Mass Table Drop4

121,879

25,662

Win Rate %

24.0%

23.9%

Win

29,260

6,129

Electronic Gaming Volume

67,942

14,131

Win Rate %

3.7%

3.4%

Win

2,513

477

Total GGR Win5

59,356

11,516

Balance Sheet

Due to our conservative financial management, our balance sheet continues to remain strong. At the year end, cash and liquid investments were $46.0 billion. Total debt was $9.2 billion, including $8.7 billion associated with our treasury yield enhancement program and $0.5 billion of core debt. We remained virtually unlevered with net cash of $36.8 billion. This provides us with valuable flexibility in managing our ongoing operations and allows us to continue investing in our longer term development plans. Given the uncertainty caused by the COVID-19 pandemic, today the Board of Directors has decided not to declare a dividend.

Q4 2020

During Q4 2020, the Group’s net revenue decreased 61% year-on-year and increased 229% quarter-on-quarter to $5.1 billion. Adjusted EBITDA decreased 75% year-on-year and increased 207% quarter-on-quarter to $1.0 billion. Galaxy Macau™’s Adjusted EBITDA decreased 77% year-on-year and increased 193% quarter-on-quarter to $0.7 billion. StarWorld Macau’s Adjusted EBITDA decreased 81% year-on-year and increased 167% quarter-on-quarter to $0.2 billion. Broadway Macau™’s Adjusted EBITDA was $(28) million versus $(37) million in Q3 2020 and $16 million in Q4 2019.

During Q4 2020, GEG played unlucky in its gaming operations which decreased its Adjusted EBITDA by approximately $59 million. Normalized Q4 2020 Adjusted EBITDA decreased 73% year-on-year and increased 214% quarter-on-quarter to $1.1 billion.

The Group’s total GGR on a management basis6 in Q4 2020 was $4.6 billion, down 68% year-on-year and up 436% quarter-on-quarter. Mass GGR was $2.8 billion, down 62% year-on-year, up 685% quarter-on-quarter. VIP GGR was $1.6 billion, down 74% year-on-year and up 249% quarter-on-quarter. Electronic GGR was $178 million, down 73% year-on-year and up 394% quarter-on-quarter.

Group Key Financial Data

(HK$’m)

Q4 2019

Q3 2020

Q4 2020

FY2019

FY2020

Revenues:

Net Gaming

10,745

593

3,651

43,582

8,566

Non-gaming

1,426

246

646

5,486

1,571

Construction Materials

802

711

806

2,834

2,739

Total Net Revenue

12,973

1,550

5,103

51,902

12,876

Adjusted EBITDA

4,052

(943)

1,010

16,479

(1,020)

Gaming Statistics7

(HK$’m)

Q4 2019

Q3 2020

Q4 2020

FY2019

FY2020

Rolling Chip Volume8

168,975

11,801

43,910

715,988

130,584

Win Rate %

3.8%

4.0%

3.8%

3.9%

3.8%

Win

6,460

472

1,648

27,583

4,910

Mass Table Drop9

30,601

1,654

12,037

121,879

25,662

Win Rate %

24.0%

21.7%

23.4%

24.0%

23.9%

Win

7,330

359

2,817

29,260

6,129

Electronic Gaming Volume

17,984

1,324

4,322

67,942

14,131

Win Rate %

3.7%

2.7%

4.1%

3.7%

3.4%

Win

659

36

178

2,513

477

Total GGR Win

14,449

867

4,643

59,356

11,516

Galaxy Macau™

Galaxy Macau™ is the primary contributor to Group revenue and earnings. In 2020, net revenue was down 79% year-on-year to $7.8 billion. Adjusted EBITDA was $(0.9) billion versus $12.6 billion in 2019. Galaxy Macau™ played lucky in its gaming operations which increased its Adjusted EBITDA by approximately $43 million. Normalized 2020 Adjusted EBITDA was $(0.9) billion versus $12.0 billion in 2019.

In Q4 2020, Galaxy Macau™’s net revenue was $3.3 billion, down 64% year-on-year and up 430% quarter-on-quarter. Adjusted EBITDA was $0.7 billion, down 77% year-on-year and up 193% quarter-on-quarter. Adjusted EBITDA margin under HKFRS was 22% (Q4 2019: 34%). Galaxy Macau™ played unlucky in its gaming operations which decreased its Adjusted EBITDA by approximately $41 million. Normalized Q4 2020 Adjusted EBITDA decreased 74% year-on-year and up 199% quarter-on-quarter to $0.8 billion.

The combined five hotels occupancy rate was 49% for Q4 2020 and 28% for the full year 2020.

Galaxy Macau™ Key Financial Data

(HK$’m)

Q4 2019

Q3 2020

Q4 2020

FY2019

FY2020

Revenues:

Net Gaming

8,137

407

2,731

32,780

6,398

Hotel / F&B / Others

872

146

290

3,430

809

Mall

327

73

297

1,231

572

Total Net Revenue

9,336

626

3,318

37,441

7,779

Adjusted EBITDA

3,211

(788)

736

12,641

(900)

Adjusted EBITDA Margin

34%

NEG10

22%

34%

NEG11

Gaming Statistics12

(HK$’m)

Q4 2019

Q3 2020

Q4 2020

FY2019

FY2020

Rolling Chip Volume13

114,669

6,785

29,552

485,343

89,219

Win Rate %

4.0%

4.6%

3.9%

4.2%

4.1%

Win

4,612

309

1,156

20,171

3,673

Mass Table Drop14

18,359

860

7,348

72,786

14,994

Win Rate %

28.4%

25.9%

27.3%

28.0%

28.0%

Win

5,221

223

2,009

20,411

4,198

Electronic Gaming Volume

11,872

746

3,064

45,572

8,755

Win Rate %

4.5%

3.2%

5.0%

4.6%

4.2%

Win

539

23

153

2,076

368

Total GGR Win

10,372

555

3,318

42,658

8,239

StarWorld Macau

In 2020, StarWorld Macau’s net revenue was down 80% year-on-year to $2.2 billion. Adjusted EBITDA was $(0.3) billion versus $3.5 billion in 2019. StarWorld Macau played unlucky in its gaming operations which decreased its Adjusted EBITDA by approximately $17 million. Normalized 2020 Adjusted EBITDA was $(0.3) billion versus $3.3 billion in 2019.

In Q4 2020, StarWorld Macau’s net revenue was $1.0 billion, down 64% year-on-year and up 380% quarter-on-quarter. Adjusted EBITDA was $0.2 billion, down 81% year-on-year and up 167% quarter-on-quarter. Adjusted EBITDA margin under HKFRS was 16% (Q4 2019: 29%). StarWorld Macau played unlucky in its gaming operations which decreased its Adjusted EBITDA by approximately $18 million. Normalized Q4 2020 Adjusted EBITDA decreased 79% year-on-year and increased 176% quarter-on-quarter to $0.2 billion.

Hotel occupancy was 57% for Q4 2020 and 28% for the full year 2020.

StarWorld Macau Key Financial Data

(HK$’m)

Q4 2019

Q3 2020

Q4 2020

FY2019

FY2020

Revenues:

Net Gaming

2,515

184

914

10,403

2,119

Hotel / F&B / Others

125

10

35

461

99

Mall

13

5

6

53

19

Total Net Revenue

2,653

199

955

10,917

2,237

Adjusted EBITDA

782

(223)

150

3,502

(275)

Adjusted EBITDA Margin

29%

NEG15

16%

32%

NEG16

Gaming Statistics17

(HK$’m)

Q4 2019

Q3 2020

Q4 2020

FY2019

FY2020

Rolling Chip Volume18

50,539

4,429

13,280

222,014

37,434

Win Rate %

3.5%

3.3%

3.6%

3.2%

3.0%

Win

1,770

148

481

7,118

1,140

Mass Table Drop19

9,217

619

3,957

36,274

8,474

Win Rate %

17.5%

16.9%

16.9%

18.7%

18.1%

Win

1,614

105

668

6,787

1,535

Electronic Gaming Volume

2,421

155

584

8,632

2,099

Win Rate %

2.2%

2.3%

2.1%

2.3%

2.2%

Win

55

4

11

196

45

Total GGR Win

3,439

257

1,160

14,101

2,720

Broadway Macau™

Broadway Macau™ is a unique family friendly, street entertainment and food resort supported by Macau SMEs, it does not have a VIP gaming component. In 2020, Broadway Macau™’s net revenue was $94 million, down 84% year-on-year. Adjusted EBITDA was $(0.2) billion versus $39 million in 2019. Broadway Macau™ played unlucky in its gaming operations which decreased its Adjusted EBITDA by approximately $1 million. Normalized 2020 Adjusted EBITDA was $(0.2) billion versus $34 million in 2019.

In Q4 2020, Broadway Macau™’s net revenue was $16 million, down 90% year-on-year, up 23% quarter-on-quarter. Adjusted EBITDA was $(28) million, versus $16 million in prior year and $(37) million in Q3 2020. There was no luck impact on Broadway Macau™’s Adjusted EBITDA in Q4 2020.

Hotel occupancy was 22% for Q4 2020 and 20% for full year 2020.

Broadway Macau™ Key Financial Data

(HK$’m)

Q4 2019

Q3 2020

Q4 2020

FY2019

FY2020

Revenues:

Net Gaming

65

1

0

282

22

Hotel / F&B / Others

78

6

10

267

49

Mall

11

6

6

44

23

Total Net Revenue

154

13

16

593

94

Adjusted EBITDA

16

(37)

(28)

39

(162)

Adjusted EBITDA Margin

10%

NEG20

NEG21

7%

NEG22

Gaming Statistics23

(HK$’m)

Q4 2019

Q3 2020

Q4 2020

FY2019

FY2020

Mass Table Drop24

320

NIL*

NIL*

1,334

114

Win Rate %

19.1%

NIL*

NIL*

20.0%

17.9%

Win

61

NIL*

NIL*

267

20

Electronic Gaming Volume

471

36

7

1,923

337

Win Rate %

2.3%

2.4%

1.5%

2.4%

2.1%

Win

11

1

0

47

7

Total GGR Win

72

1

0

314

27

* NIL represents tables not opened during the period.

City Clubs

City Clubs contributed $27 million of Adjusted EBITDA in 2020, down 77% year-on-year. Q4 2020 Adjusted EBITDA was $8 million, versus $28 million in prior year and $1 million in Q3 2020.

City Clubs Key Financial Data

(HK$’m)

Q4 2019

Q3 2020

Q4 2020

FY2019

FY2020

Adjusted EBITDA

28

1

8

117

27

Gaming Statistics25

(HK$’m)

Q4 2019

Q3 2020

Q4 2020

FY2019

FY2020

Rolling Chip Volume26

3,767

587

1,078

8,631

3,931

Win Rate %

2.1%

2.4%

1.1%

3.4%

2.5%

Win

78

15

11

294

97

Mass Table Drop27

2,705

175

732

11,485

2,080

Win Rate %

16.1%

17.8%

19.2%

15.6%

18.1%

Win

434

31

140

1,795

376

Electronic Gaming Volume

3,220

387

667

11,815

2,940

Win Rate %

1.7%

2.0%

1.9%

1.6%

1.9%

Win

54

8

14

194

57

Total GGR Win

566

54

165

2,283

530

Construction Materials Division

The Construction Materials Division contributed Adjusted EBITDA of $1.1 billion in 2020, down 4% year-on-year. Q4 2020 Adjusted EBITDA was $326 million, up 18% year-on-year and up 15% quarter-on-quarter.

Development Update

Galaxy Macau™ and StarWorld Macau

We continue to make ongoing progressive enhancements to our resorts to ensure that they remain competitive and appealing to our guests.

Cotai – The Next Chapter

GEG is uniquely positioned for long term growth. We are proceeding with the development of Phases 3 & 4 and continue to review and refine plans to ensure a world-class optimal development. We see the premium market evolving with this segment preferring higher quality and spacious rooms. Phases 3 & 4 combined will have approximately 3,000 high end and family rooms and villas, 400,000 square feet of MICE space, a 500,000 square feet 16,000-seat multi-purpose arena, F&B, retail and casinos, among others. We will try to maintain our development targets, however due to COVID-19, development timelines may be impacted. At this point we cannot quantify the impact but we will endeavor to maintain our schedule.

Hengqin / Greater Bay Area

We continue to make progress with the planning of our project on Hengqin that will complement our high energy resorts in Macau.

We are also expanding our focus beyond Hengqin and Macau to potentially include opportunities within the rapidly expanding Greater Bay Area.

International

Our Japan based team continues with our Japan development efforts even as they deal with the COVID-19 crisis. We view Japan as a long term growth opportunity that will complement our Macau operations and our other international expansion ambitions. GEG, together with Monte-Carlo SBM from the Principality of Monaco and our Japanese partners, remain interested in bringing our brand of World Class IRs to Japan.

Selected Major Awards for 2020

Award

Presenter

GEG

Mr. Francis Lui, Vice Chairman of Galaxy Entertainment Group – Rank No.1

13th Asian Gaming Power 50

Casino Operator of the Year Australia & Asia

Socially Responsible Operator (Asia / Australia)

13th International Gaming Awards

Certificate of Excellence in Investor Relations

HKIRA 6th Investor Relations Awards

Best in Sector – Consumer Discretionary

Certificate of Excellence in Investor Relations

IR Magazine Greater China Awards 2020

The Most Influential Social Responsibility Award

The 2nd Greater China Most Influential Brand & Entrepreneur Awards Ceremony

Employer Recognition for the Hiring “Senior Talents”

2020 Outstanding Elderly Employees Award and Employer Recognition Scheme for the Hiring of “Senior Talents”

Original Convention and Exhibition Award

Macao Convention and Exhibition Commendation Awards 2020

Galaxy Macau

Five-Star Hotel:

– The Ritz-Carlton, Macau

– Banyan Tree Macau

Five-Star Restaurant:

– Lai Heen

– Belon

Five-Star Spa:

– The Ritz-Carlton Spa, Macau

– Banyan Tree Spa Macau

2020 Forbes Travel Guide

Energy Saving Concept Award

Excellence Award

Macau Energy Saving Activity 2020

Best of the Best Awards Top 10 Hotels for Families – China

Travelers’ Choice Winner:

– The Ritz-Carlton, Macau

– Banyan Tree Macau

– Hotel Okura Macau

– JW Marriott Hotel Macau

Tripadvisor 2020 Travelers’ Choice

Best of the Best 2020 – The Best Shopping Experience

Robb Report China

2019 Macau Green Hotel Awards – Gold Award:

– Banyan Tree Macau

– JW Marriott Hotel Macau

– The Ritz-Carlton, Macau

DSPA & MGTO

Annual Gourmet Landmark – Galaxy Macau™

Special Recommended Must Eat Restaurant – Fook Lam Moon

2019-2020 China Feast Restaurant Awards by Restaurant Review

Macau’s Best Resort Spa 2020 – Banyan Tree Spa Macau

World Spa Awards

Most Anticipated Hotel – Andaz Macau

Most Anticipated Convention Center – Galaxy International Convention Center

2020 Golden Five Stars Award by China International Conference & Exhibition

StarWorld Macau

My Favorite Hotel Restaurant in Macau – Feng Wei Ju

U Magazine Favorite Food Awards 2020

I Food Award 2020 – My Favorite Restaurant in Hotel – Feng Wei Ju

I Food Award

Broadway Macau

Agoda Customer Review Award 2020

Agoda.com

Travelers’ Choice Winner

TripAdvisor 2020 Travelers’ Choice

Loved by Guests Award 2020

Hotels.com

Construction Materials Division

Caring Company Scheme – 15 Years Plus Caring Company Logo

The Hong Kong Council of Social Service

Occupational Health Award 2019-20 – Joyful @ Healthy Workplace Best Practices Award (Enterprise / Organisation Category) – Grand Award

Occupational Safety and Health Council

Construction Industry Caring Organization

Construction Industry Sports and Volunteering Programme

Hong Kong Awards for Environmental Excellence – Manufacturing and Industrial Services – Certificate of Merit

Hong Kong Green Organisation Certification

– Wastewi$e – Certificate – Excellence Level

– – Carbon Reduction – Certificate – Achieved 7% Carbon Reduction

Environmental Campaign Committee

Good Employer Charter 2020:

– Signatory of the Good Employer Charter 2020

– Family-friendly Good Employer Logo

Labour Department

BOCHK Corporate Environmental Leadership Awards 2019 – Eco Partner, 3 Years+ Eco Pioneer

Bank of China (Hong Kong); Federation of Hong Kong Industries

Social Capital Builder Awards – Social Capital Leader Logo Award

Labour and Welfare Bureau;

Community Investment and Inclusion Fund

Outlook

We believe that COVID-19 will continue to impact Macau for the immediate future. Mainland China, Hong Kong and Macau continue to experience social distancing measures and travel restrictions which have been progressively easing. We are pleased with the progressive reinstatement of the IVS visas in Mainland through Q3 2020 and we expect visitation to improve as Macau benefits from the ramping up of the IVS program. In the medium to longer term, we have great confidence in the future of Macau. However, we do acknowledge the ongoing difficulties associated with COVID-19 and the potential for COVID-19 to materially adversely impact our future financial results.

The expanded infrastructure will continue to improve the accessibility to Macau. In particular, the new Hengqin immigration port and the extension line of Zhuhai Urban-Airport Intercity Railway which commenced operation in August 2020. In addition, the Macau Government plans to repurpose part of the Taipa Ferry Terminal into the second terminal building of the Macau International Airport and increase the total airport capacity. The Macau Government also plans to build the east section of the Light Rail Transport which will connect the peninsula’s Gongbei Border Gate checkpoint to the Taipa Ferry Terminal.

We are pleased to hear that Macau and other locations are proceeding with their COVID-19 vaccination rollout plans. We believe that when Mainland and international tourists make future travel plans, health and safety will be foremost in their minds.

Specifically, to GEG, the Group is ready to capture future growth with our substantial development pipeline. These include the ongoing development of Cotai Phases 3 & 4 which are specifically designed to capture a larger share of the Mass business, renovate the existing properties, reconfigure and introduce new products to our resorts to ensure they remain highly competitive and appealing to our valuable guests. These projects will support Macau’s economy in the near term.

We remain engaged in our international expansion plans including Japan. We understand that due to the impact of COVID-19, Japan has revised their timeline of Integrated Resorts licenses and we remain interested in introducing our brands to Japan.

In the shorter to medium term, we do acknowledge it is hard to determine the speed of recovery with anticipated progressive-opening of travel restrictions and expected social distancing within our resorts. Further, we are also mindful that consumer sentiment has been impacted by a slower global economy, ongoing trade tensions and currency fluctuation among others. These events have been impacting consumer sentiment and subsequent spending habits. Longer term, we have great confidence in Macau and we will continue with our development program. GEG remains committed to support the Government’s vision to develop Macau into a World Center of Tourism and Leisure.

Through our prudent business management, GEG has a strong and virtually unlevered balance sheet. This allows us to continue to invest into and upgrade our existing resorts and proceed with the planned opening of Cotai Phases 3 & 4. During the period of low revenue, we will continue to focus on effective cost control. However, we are mindful not to cut costs excessively and therefore adversely impact our renowned “World Class, Asian Heart” service standards and customer experiences.

– END –

About Galaxy Entertainment Group (HKEx stock code: 27)

Galaxy Entertainment Group (“GEG” or the “Group”) is one of the world’s leading resorts, hospitality and gaming companies. It primarily develops and operates a large portfolio of integrated resort, retail, dining, hotel and gaming facilities in Macau. The Group is listed on the Hong Kong Stock Exchange and is a constituent stock of the Hang Seng Index.

GEG is one of the three original concessionaires in Macau with a successful track record of delivering innovative, spectacular and award-winning properties, products and services, underpinned by a “World Class, Asian Heart” service philosophy, that has enabled it to consistently outperform the market in Macau.

GEG operates three flagship destinations in Macau: on Cotai, Galaxy Macau™, one of the world’s largest integrated destination resorts, and the adjoining Broadway Macau™, a unique landmark entertainment and food street destination; and on the Peninsula, StarWorld Macau, an award winning premium property.

The Group has the largest undeveloped landbank of any concessionaire in Macau. When The Next Chapter of its Cotai development is completed, GEG’s resorts footprint on Cotai will double to more than 2 million square meters, making the resorts, entertainment and MICE precinct one of the largest and most diverse integrated destinations in the world. GEG is also progressing plans for its Hengqin project and we are also expanding our focus beyond Hengqin and Macau to potentially include opportunities within the rapidly expanding Greater Bay Area. These projects will help GEG develop and support Macau in its vision of becoming a World Centre of Tourism and Leisure.

In July 2015, GEG made a strategic investment in Société Anonyme des Bains de Mer et du Cercle des Etrangers à Monaco (“Monte-Carlo SBM”), a world renowned owner and operator of iconic luxury hotels and resorts in the Principality of Monaco. GEG continues to explore a range of international development opportunities with Monte-Carlo SBM including Japan.

GEG is committed to delivering world class unique experiences to its guests and building a sustainable future for the communities in which it operates.

For more information about the Group, please visit www.galaxyentertainment.com


1 The primary difference between statutory gross revenue and management basis gross revenue is the treatment of City Clubs revenue where fee income is reported on a statutory basis and gross gaming revenue is reported on a management basis. At the group level the gaming statistics include Company owned resorts plus City Clubs.2 Gaming statistics are presented before deducting commission and incentives.

3 Reflects junket rolling chip volume only.

4 Mass table drop includes the amount of table drop plus cash chips purchased at the cage.

5 Total GGR win includes gaming win from City Clubs.

6 The primary difference between statutory gross revenue and management basis gross revenue is the treatment of City Clubs revenue where fee income is reported on a statutory basis and gross gaming revenue is reported on a management basis. At the group level the gaming statistics include Company owned resorts plus City Clubs.

7 Gaming statistics are presented before deducting commission and incentives.

8 Reflects junket rolling chip volume only.

9 Mass table drop includes the amount of table drop plus cash chips purchased at the cage.

10 NEG represents negative margin.

11 NEG represents negative margin.

12 Gaming statistics are presented before deducting commission and incentives.

13 Reflects junket rolling chip volume only.

14 Mass table drop includes the amount of table drop plus cash chips purchased at the cage.

15 NEG represents negative margin.

16 NEG represents negative margin.

17 Gaming statistics are presented before deducting commission and incentives.

18 Reflects junket rolling chip volume only.

19 Mass table drop includes the amount of table drop plus cash chips purchased at the cage.

20 NEG represents negative margin.

21 NEG represents negative margin.

22 NEG represents negative margin.

23 Gaming statistics are presented before deducting commission and incentives.

24 Mass table drop includes the amount of table drop plus cash chips purchased at the cage.

25 Gaming statistics are presented before deducting commission and incentives.

26 Reflects junket rolling chip volume only.

27 Mass table drop includes the amount of table drop plus cash chips purchased at the cage.

Contacts

Galaxy Entertainment Group – Investor Relations

Mr. Peter J. Caveny / Ms. Yoko Ku / Ms. Joyce Fung

Tel: +852 3150 1111

Email: ir@galaxyentertainment.com

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A Week In Auckland, New Zealand On A $54,000 Salary

Welcome to Money Diaries where we are tackling the ever-present taboo that is money. We’re asking real people how they spend their hard-earned money during a seven-day period — and we’re tracking every last dollar.Today: an engineer who makes $54,000 per year and spends some of her money on 0% beer. Editor’s Note: All currency has been converted to USD. Occupation: EngineerIndustry: ITAge: 26Location: Auckland, New ZealandSalary: $54,000Net Worth: $24,000 ($18,000 in retirement, $2,0500 in savings, $1,650 in passive share funds, minus debt. My boyfriend (henceforth C.) and I have a joint account that we use to pay for rent/bills/groceries/shared entertainment, but otherwise have separate finances.)Debt: ~$16,000 student loan, nothing else.Paycheck Amount (1x/month): $2,898Pronouns: She/herMonthly ExpensesRent: $717 (C. and I rent a one-bedroom apartment)Student Loan: $381 (this comes out with tax, not from my take-home pay)Power: ~$35 (my half) in summer, ~$70 in winter Water: ~$14 (my half) Internet with Prime Video: $30.60 (my half) Contents Insurance: $13.35 (my half) Kiwisaver: $223.20 (this is NZ’s retirement savings program, and also comes out with tax) Health/Life Insurance: $0 (work pays)Cell Phone: $11.52 Subscriptions: $36 (Netflix, Living Big In A Tiny House Patreon, two NZ newspapers/magazines, and an online text browser game) Donations: $32 (split between Amnesty International and Auckland City Mission)Spotify Premium: $0 (parents’ family plan) Savings: I dump $792 in my savings account when I get paid (this is a round number in NZD) and will feed in smaller amounts through the month if I’m running under budget. Was there an expectation for you to attend higher education? Did you participate in any form of higher education? If yes, how did you pay for it?It was always expected that I would go to university. Both of my parents went, I did very well in school, and everyone around me treated it as a foregone conclusion. I did go, but I’ve wondered since whether taking a gap year might have been better in the long run, because I dropped out of the course I started after two years and wasted a lot of money. I did graduate two and a half years after that, but with a different degree. I took out student loans for courses and textbooks and was able to live at home almost all the way through, and I worked part-time most years. Growing up, what kind of conversations did you have about money? Did your parent/guardian(s) educate you about finances?I don’t remember many conversations about money directly, but my mum was much more frugal than my dad, and sometimes when we went to the supermarket she would ask us to work out which brand was the cheapest by weight or unit. I do remember as a teenager my parents would try to convince me to be better with my money and not spend it all at once. I was quite bad with money right up until I started working full-time. Most of the conversations we’ve had about money have been since I became an adult. What was your first job and why did you get it?A paper run when I was 11 with my brother for extra pocket money; I think my mum encouraged us to get it. After that, I had a couple of one-off jobs in high school and my first proper part-time job was at a café. Did you worry about money growing up?My parents were poor when I was very young, but in all honesty, they’ve been quite well-off for as long as I can remember. I never really worried about not having money. Do you worry about money now?I don’t worry about food or housing, and our jobs are stable. However, we’re deciding whether to try to buy a house when our lease is up and I worry about what we can afford and how fast house prices are rising. We don’t quite have a 20% deposit between us, which is what we would need to avoid paying for things like valuations and mortgage insurance in the buying process — for context, the median house price in Auckland is about $720,000, ie. $1 million NZD, and the median house price in the country went up 20% last year. At what age did you become financially responsible for yourself and do you have a financial safety net?I moved out of my childhood home in my last semester of university. I borrowed a few hundred dollars from my parents just before I finished a few months later. I paid them back as soon as I got my first full-time paycheck at 22. I did stay with my parents for six weeks during our first lockdown in early 2020, but that was by choice, and I was still working and paying rent and bills for my old apartment. I have enough savings now to cover any emergencies, but if things were really bad, my boyfriend or my parents would probably be able to help. Do you or have you ever received passive or inherited income? If yes, please explain.My parents paid me for part of my university fees (~$6,500) a couple of years ago as part of an agreement we had about paying for university; student loans are interest-free here, so I’ve saved that rather than putting it straight on the loan. They also sent me $1,080 when I last moved because my brother was moving at the same time and was broke and they didn’t want to give him money but not me. Day One 7 a.m. — Monday is my scheduled day at work, so I get up as soon as my alarm goes off. I have a quick shower and am out the door 25 minutes later. I used to have a 90-minute commute to work so I cut down the getting-up-to-leaving-the-house time to as short as possible, and I’ve managed to keep that habit since. We don’t have any community COVID cases in the country at the moment, but we do need to wear face masks on public transport. The fare is $1.44, but I topped up my bus card yesterday. 7:30 a.m. — The first thing I normally do at work is check my emails, but I don’t have any important ones, so I go down to the café in our building for a flat white. I brought a banana from home and I have that and the coffee for breakfast. I’m trying to steer away from also buying breakfast on the days I come into work. Hopefully, my bank account will appreciate me in the long run. $3.24 12 p.m. — Lunchtime! I brought leftovers from last night into work with me, so lunch would be free… except that I buy a Coke Zero and a packet of chips from the vending machine to go with it. Whoops. The vending machine and I have a long-standing relationship. $2.52 4 p.m. — It’s home time, and I get the bus back again. I have a few cans of 0% Heineken left and I open up one of those when I get home. I’ve stopped drinking quite recently, after a few too many incidents under the influence and general overconsumption. I don’t want to go into too much detail, but it seems relevant that I’ve recently quit. I also take my multivitamins while I remember. One’s just a general multivitamin and the other is an iron tablet, which I’ve been taking because the blood service told me my iron levels were too low last time I showed up and banned me from donating for six months. 7 p.m. — Dinnertime. C. is cooking what we have left in the fridge and freezer (which today is lamb steaks with oven fries and frozen mixed vegetables). Someone will need to go to the supermarket tomorrow. After, we watch some Brooklyn Nine-Nine on Netflix. I watch a little YouTube, browse a little Reddit, and am in bed by 10. Daily Total: $5.76 Day Two 7:45 a.m. — Today we’re both working from home. Our apartment’s quite small — C. has his setup in the lounge and mine is in our bedroom. I generally try to start at 7:30 but I’m late this morning, so I log in, check my emails, and try to finish off what I started yesterday before our morning meeting. I have my usual coffee and banana. 12 p.m. — It’s time for my lunch break and I feel like getting some sunshine, so I go to the shops. I get chicken, mince, sausages, broccoli, onions, soy sauce, frozen dumplings, a couple of microwave meals, cereal, sugarfree L&P (this is an NZ thing, sort of an extra lemony lemonade), a bottle of switchel for me to have when I get home, and a six-pack of 0% wheat beer. The total comes to $56.92 and I use the joint account card to pay. When I get back, I realize I don’t actually feel like cooking any of what I bought, and realistically, my lunch break should be over anyway, so I microwave a tin of tomato soup from the pantry for lunch. $28.46 6 p.m. — Neither of us feels like cooking and I need to stay near my computer for work, so C. is the one who goes out to pick up our Pizza Hut. This is $27.69 and goes on the joint card. $13.84 8:30 p.m. — I kill time catching up on my YouTube subscriptions waiting for one last work assignment. After that, I wind down with more YouTube. C. is playing League of Legends with some friends. Everyone’s in bed before 11, but I have trouble getting to sleep so I play some Fallen London for a while (the aforementioned text browser game in my expenses). Daily Total: $42.30 Day Three 7:30 a.m. — We’re both working from home again today. Shower, banana, and a Nespresso, and then another Nespresso about an hour later. We do take all the empty capsules in to be recycled, just to be clear. 9:15 a.m. — I emailed the people at work that deal with our health insurance a few days ago because it looked like they had me on the wrong plan, and I get an email back letting me know that I’m right and they’ll fix it ASAP. 12:30 p.m. — We watch Brooklyn Nine-Nine on our lunch break. I’m not too hungry but I should probably eat at this stage, so I have some cherries (it’s cherry season here; I got a big box last week) and cheese and crackers for lunch. 3:30 p.m. — Work is slow, so I browse through the shopping folder in my bookmarks. When I like the look of something online, I bookmark it and every so often I go through and see what I still want and what I don’t want anymore. There’s a PS4 game I bookmarked a while back that’s in stock now (Planescape: Torment and Icewind Dale Enhanced Edition) and someone is selling a second-hand copy on the website’s marketplace on the cheap, so I buy it. The game plus shipping is $21.60. $21.60 6.30 p.m. — I decide I should probably cook since I haven’t this week, so I make a pasta bake with frozen mixed vegetables, chicken, garlic, onion, and pasta sauce from a jar. (I can cook, and I sometimes like the idea of cooking, and I watch a lot of Binging with Babish on YouTube, but I wouldn’t describe myself as particularly talented or enthusiastic about it.) We watch Brooklyn Nine-Nine again; we’re up to season 4 now. I’m not really on board with Jake’s frosted tips. 8:30 p.m. — I’ve been trying to get back into writing for fun recently and I’m in the middle of that when I realize I haven’t left the house today. Oops. I did this quite a bit when we were in lockdown and everywhere was closed, but the last time this happened was in August and since then I try to go out at least for a bit of a walk once a day. Working from home four days a week makes it quite easy to forget to go out. Daily Total: $21.60 Day Four 7:45 a.m. — I’m late starting work again — shower, banana, Nespresso, second Nespresso, the usual deal. I check my bank accounts and see my Kiwisaver contributions have come in. You can use your Kiwisaver money either when you turn 65 or to buy a house, and barring some kind of lottery win from the lotteries that I don’t enter, I’ll be using what I have in it now for a house, so every deposit is a welcome sight at this stage. Today is C.’s day in the office, and he heads off around 8, but he expects to be back after his morning meeting. 12 p.m. — The weather’s been very bad for summer — rain and clouds and generally overcast — but I resolve to at least leave the apartment when I finish work anyway. I microwave some of the leftover pasta for lunch. C. sends a message that he’s going to spend the rest of the day in the office. 4:30 p.m. — It’s the end of work, so I go out again… all the way to the supermarket. I’ve had all the 0% wheat beer, so I pick up more. Some people obviously don’t like the idea of 0% beer, and I realize that for some people who don’t drink, it reminds them too much of normal beer to be comfortable with it; but personally, I’m coming around to it. It’s cold, tastes… mostly like beer, and doesn’t give you morning-after guilt or crippling hangovers. The total is $5.03 and I put it on my card since C. won’t have any. $5.03 7 p.m. — C. cooks up some sausages with boiled potato and (non-frozen!) broccoli. We watch more Brooklyn Nine-Nine. 9 p.m. — C.’s working on his game (this is a hobby of his); at the moment I think he’s playing around with the mechanics on a battle screen. I try to do some writing, but I don’t find myself very motivated for it. I find it quite difficult sometimes to be productive on workdays other than, you know, actually working. On the plus side, I’m tired today, so I’m in bed and pretty much asleep by 9:30. Daily Total: $5.03 Day Five 7:30 a.m. — I get up on time today, maybe because it’s Friday. I have my shower. I also have my banana and Nespresso and its friend the follow-up Nespresso. 12 p.m. — I ask C. if he wants to go out for lunch, and he’s keen. There are quite a few cafes, takeaways, and restaurants around where we live and we go to our favorite; it’s difficult to get a seat on the weekend, but during the week, we manage fine. He gets a cajun chicken wrap and a coffee. I get a bacon and egg bun and a cola. The total is $19.08 and we put it on the joint card. $9.54 4 p.m. — I’m hungry and a little bored so I go to the supermarket, again. If there’s a downside to the supermarket being a five minutes walk away, this is it. I get a quick-cook container of pasta and sauce, another bottle of L&P, and ice-cream for C. It comes to $14.96 and goes on the joint card. $7.48 6:30 p.m. — We still have leftovers, so C. has the leftover pasta and I have the leftover sausages. We’ll go out for dinner on Fridays sometimes, but we already went out for lunch. We also live a bit too far away from most of our friends to see them in person that often. So we watch some Brooklyn Nine-Nine, and then I watch some YouTube. I follow a lot of channels, but today I watch a few videos about people living in tiny houses. I probably wouldn’t live in one myself, but it’s really cool watching all the stuff they can fit into such a small space and how it opens new opportunities for their lives. We go to bed around 10. Daily Total: $17.02 Day Six 8 a.m. — C. does a weekly organized run on Saturdays and usually has breakfast with a friend afterward, so I have a bit of a sleep-in. Sometimes I’ll go out for breakfast, but today, I’m not feeling it. I cook the pasta from yesterday, which is… a bit weird, I know. It’s good though, and I figure going out would have been more expensive. I have my usual Nespresso. C. comes back around 10 and shows me some pictures of him making faces at the camera that were taken on the run. He also stopped by the Dutch shop on the way back and picked up some cheese and licorice, which was $13.68 and put on the joint card. $6.84 12 p.m. — We need to pick up a few things, so we head out to the local mall in C.’s car. We have McDonald’s for lunch — he gets a double cheeseburger, McNuggets, and a small Sprite, and I get a Big Mac and upgrade his cheeseburger to a combo so I can eat the fries. The total comes to $15.70, which goes on the joint card. $7.85 12:30 p.m. — We stop by one store to pick up something for C. which goes on his personal card. At the second store, we pick up chopsticks, metal straws, a serving spoon, and a little net dome cover to put over the planters on our balcony and keep out the sparrows who see us as a free lunch stop (we had to throw out some lettuce a while back because they were pecking so many holes in it). That comes to $50.98 and again goes on the joint card. $25.49 6:30 p.m. — We get home and microwave a couple of freezer meals — today’s meals are not high on nutritional content. C. has another run tomorrow so he goes to bed early, and I stay up on the PS4 and go to bed around 11. Daily Total: $40.18 Day Seven 8 a.m. — C. is off on his run this morning (he does a few running events a year that cost money to enter, but he gets a finisher’s medal and free gear and so on), so I’m on my own again. I drink two Nespresso coffees and eat the usual banana. He comes back around 10 with his new medal. 11:30 a.m. — We go to do our weekly shop. We got out of the habit of doing this during lockdown as only one of us was allowed to go to the shop at a time and we can comfortably carry about half a week of groceries by hand. Grocery spending is our main splurge category — if we ever needed to budget more, we would do it from there. We get bananas, garlic, red onion, mushrooms, lettuce, hot smoked salmon, a little pot of mussels for C., sausages, steak, rice, a couple of spice packets, ice cream, more 0% beer for me, and some 2% beer of a type I don’t like for C., a couple of quick-cook pasta sachets for lunches, and tea. The total is $116.14 and goes on the joint card. $58.07 3 p.m. — One of the big national papers is reporting a community case of COVID. We haven’t had one in two months, although a lot of people are arriving back in the country and then testing positive in quarantine. Apparently, it was someone who came out of quarantine a few days ago, so hopefully, they haven’t spread it to anyone and the transmission chain will end with them. It sounds like they were logging all the locations they visited in the COVID tracer app, which is great since contacts can be traced more easily. 6 p.m. — Nothing more on the case; we’ll probably hear tomorrow. I cook up some burrito-like wraps, ie. mince with taco seasoning, wraps, cheese, lettuce, and various sauces. It’s another day in the office tomorrow, so I gather up everything I need and wind down with a bit more YouTube. I wouldn’t say I’ve exactly extended myself this week, but I also haven’t had anything to drink, so I’ll take it. We go to bed around 10. Daily Total: $58.07 Money Diaries are meant to reflect an individual’s experience and do not necessarily reflect Refinery29’s point of view. Refinery29 in no way encourages illegal activity or harmful behavior.The first step to getting your financial life in order is tracking what you spend — to try on your own, check out our guide to managing your money every day. For more money diaries, click here.Do you have a Money Diary you’d like to share? Submit it with us here.Have questions about how to submit or our publishing process? Read our Money Diaries FAQ doc here or email us here. Like what you see? 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