Galaxy Benefits From Macau Boom - Wall Street Journal

BY KATE O'KEEFFE

HONG KONG—Galaxy Entertainment Group Ltd. on Thursday reiterated the early 2011 opening date for its flagship casino resort in Macau and said its third-quarter earnings before interest, taxes, depreciation and amortization more than doubled from a year earlier.

The Hong Kong-listed casino operator, controlled by the family of

tycoon Lui Che Woo, said Ebitda for the three months ended Sept. 30 rose to 616 million Hong Kong dollars ($79.4 million) from HK$287 million, driven by greater gaming volumes and cost controls at its StarWorld casino and hotel. It was the company's eighth-consecutive quarter of Ebitda growth. Galaxy didn't disclose its ...

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