AGP Executive Report
Last update: 2 hours agoGaming: Galaxy Entertainment’s third-quarter adjusted EBITDA rose 10% to HK$3.7 billion, though favourable table results added HK$584 million; normalized EBITDA fell 7%. Melco’s revenue dropped 10.4% to US$1.17 billion, while Macau’s October casino revenue declined 10% year-on-year to MOP21 billion, marking a fifth straight monthly fall. Diversification: More than 360 delegates attended Studio City’s first Greater Bay Area health and longevity summit, promoting medical tourism and the Big Health industry. Macau will host its first international drone racing contest on December 14–18, showcasing the low-altitude economy. Economic Outlook: GDP grew 2.9% in the first nine months, but just 0.1% in the third quarter; exports and imports recorded double-digit growth over the same period. Urban Development: Four reclaimed government plots on Estrada do Canal dos Patos are set to become a temporary public car park.
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