Galaxy Entertainment Group Reports Q4 & Annual 2020 Results

Continue Working Closely With Macau Community to Control COVID-19

Q4 2020 Group Adjusted EBITDA Of $1.0 Billion Vs $(0.9) Billion Loss In Q3 2020

Continue Investing In Macau�s Economic Future By Upgrading Existing Properties & Progressing Phases 3 & 4 Remains Financially Healthy

HONG KONG–(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)

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

Contacts

Galaxy Entertainment Group – Investor Relations

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

Tel: +852 3150 1111

Email: ir@galaxyentertainment.com

Read full story here