Galaxy Entertainment Group traded at 30.30 this Friday October 2nd, decreasing 1.32 or 4.17 percent since the previous trading session. Looking back, over the last four weeks, Galaxy Entertainment lost 9.39 percent. Over the last 12 months, its price fell by 28.10 percent. Looking ahead, we forecast Galaxy Entertainment Group to be priced at 29.36 by the end of this quarter and at 26.71 in one year, according to Trading Economics global macro models projections and analysts expectations.
Galaxy Entertainment Group Limited (GEG) is a hospitality and gaming company. The Company develops and operates hotels, gaming and integrated resort facilities in Macau. The principal activity of the Company is investment holding. The Company, through its subsidiaries, is engaged in operation in casino games of chance or games of other forms, provision of hospitality and related services in Macau, and the manufacture, sale and distribution of construction materials. Its segments are Gaming and entertainment, Construction materials, and Corporate and treasury management. The Company's Galaxy Macau includes approximately 3,600 rooms, suites and villas across five hotels, including The Ritz-Carlton, Macau; Banyan Tree Macau; JW Marriott Hotel Macau; Hotel Okura Macau, and Galaxy Hotel. The Company's Broadway Hotel features approximately 320 rooms and suites, a porte-cochere, valet parking and decor. GEG operates three City Club casinos: Waldo Casino, President Casino and Rio Casino.