Hong Kong and Tokyo, 8th February 2018 — Galaxy Entertainment Group (“GEG” or the “Group”), (HKEx stock code: 27), Asia’s largest integrated resorts and gaming company, announced today that it has recently been chosen for inclusion in the Nikkei Asia300 Investable Index – a newly created index of Asia’s biggest and fastest-growing companies, which is designed to be used as an underlying index for financial products such as investment funds.
The Nikkei Asia300 Investable Index comprises 300 Asian listed companies, with constituents picked by Nikkei as companies to watch in Asia. GEG is the index’s only Hong Kong listed gaming company and one of only 34 Hong Kong companies represented. Constituents are selected to reflect the concept of the composite Nikkei Asia300, an index for reporting, which is calculated as a free-float adjusted market value index, upon which GEG is also included.
Participation in the Nikkei Asia300 Investable Index and Nikkei Asia300 Index marks a significant milestone in GEG’s history, as the company embarks upon its bid for an Integrated Resort license in Japan, and follows the company’s recent announcement of its plans to develop a world class eco-friendly resort in the Philippines. It is also a direct reflection of GEG’s exceptionally strong operational and financial performance in recent years, with group revenue for the 12-month period to September 2017 of US$7.5b. These results were driven in part by the exceptional performance of its flagship Integrated Resort Galaxy Macau, which generated US$4.94 billion in gaming revenue alone during the same period – making Galaxy Macau the most successful resort of its kind anywhere in the world, as measured by gross gaming revenue (GGR).
GEG’s financial performance has also been recognized by the financial markets with its stock price rising 90% to around HK$65 since January 2017. GEG now stands as one of the leading gaming and entertainment companies in the world, boasting the strongest and most liquid balance sheet in world gaming, a market cap of over US$35 billion and total cash exceeding US$4.7billion.
“We are very honored to be included in the prestigious Nikkei Asia300 indices alongside many of Asia’s leading blue chip companies,” said Francis Lui, Vice-Chairman of Galaxy Entertainment Group. “GEG has been a constituent stock of the Hang Seng Index since 2013, reflecting our status as one of Hong Kong’s largest and fastest growing companies. However, inclusion in the Nikkei Asia300 indices recognizes our success Internationally and demonstrates not only the strength of our financial performance and the operational ability of our management team, but of Galaxy’s important role at the forefront of the region’s economic growth”, he continued.