In today’s selected unaudited report on 2009 fourth quarter financial data, Galaxy Entertainment Group has announced that its Macau SttarWorld operation continues to outperform the market with an all time record quarterly revenue and a sixth consecutive quarter of revenue growth. Hotel occupancy was 96%and VIP turnover also reached record volumes. For the financial year 2009 VIP table games revenue was HK$8.3 billion (US$) and Mass table games was HK$940 million (US$).

Commenting on the performance, Galaxy’s Deputy Chairman Mr Francis Lui said: “StarWorld’s strong performance this quarter and its impressive track record is a continuing endorsement of our credentials as one of the leading operators in Macau. We are exclusively focused on Macau. Our exceptional management team implicitly understands Asian customer demand and local market dynamics, and they carefully tailor properties, services and the consumer experience to meet these. We believe that it is this unique focus and expertise that has enabled StarWorld to achieve one of the highest return on investment of any property in Macau.”

He added, “Prospects for 2010 are excellent, with a comparatively positive economic outlook in China and clear political support from the Government of Macau SAR. Furthermore, Galaxy’s long-term prospects are also excellent with Galaxy Macau, the first truly integrated Asian casino resort in Macau to open in the first quarter of 2011.” The company hopes to make a public statement on a favourable refinancing programme in the near future.

Galaxy Entertainment owns and operates StarWorld Hotel and Casino - a luxury 5-Star property located on the Macau peninsula, and operates four CityClub Casinos in Macau. The Group has under construction “Galaxy Macau”, a fully-integrated resort, entertainment and gaming destination. After an external audit Galaxy’s full year results are scheduled to be reported in April. (E-01.20.10)

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