Full Year 2024 Galaxy Entertainment Group Ltd Earnings Call Transcript

Feb 27, 2025

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Feb 27, 2025 / 09:30AM GMT
Operator

Thank you for holding and welcome to the Galaxy Entertainment Group's management update for the fourth quarter and annual results of 2024. Joining us today are Mr. Ted Chan, Chief Financial Officer; and Mr. Peter Caveny, Assistant Senior Vice President of Investor Relations. (Operator Instructions)

I would now like to pass to Mr. Chan for a presentation. Mr. Chan, please go ahead. Thank you.

Ted Chan - Galaxy Entertainment Group Ltd - Chief Financial Officer

Thank you, operator. Hello, everyone. Thank you for joining us for the update call on GEG's Q4 and annual 2024 results. Today I'm joined by Peter Caveny. Copies of our media release, stock exchange announcement, and PowerPoint presentations are available on our website, which also includes our customary disclaimers.

We are pleased with Macau's ongoing recovery during 2024. Visitors arrival reached 34.9 million, up 24% over 2023. The demand for tourism, leisure, and travel remains strong, despite the slowing economy.

The addition of 10 new IVS approved cities combined with the

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