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Galaxy Entertainment Group Independent Non-Executive Director Michael Victor Mecca Sells 46% Of Holding
GALAXY ENT (00027.HK) has been Shareholding 0.5 million shares by MECCA Michael Victor.
On March 10, according to the latest equity disclosure information from the Stock Exchange, on March 4, 2025, GALAXY ENT (00027.HK) saw MECCA Michael Victor reduce his holdings by 0.5 million shares at an average price of HKD 31.6588 per share, involving approximately HKD 15.8294 million. After the shareholding reduction, MECCA Michael Victor's latest number of shares held is 575,612, with the holding ratio declining from 0.02% to 0.01%.
Hong Kong Stock Concept Tracking | Macao's lucky Gambling gross revenue growth in February, Institutions are Bullish on the Sector being undervalued compared to historical averages (with Concept stocks attached).
On March 1st, according to data from the Macao Gambling Inspection and Coordination Bureau, the gross revenue of lucky gambling in Macao for February was 19.74 billion Macanese patacas, an increase of 6.8% year-on-year.
Macquarie: Upgrades GALAXY ENT (00027) to "Outperform the Market" rating and raises the Target Price to HKD 50.1.
The Galaxy Macau is undergoing renovation, replacing existing gaming tables with live electronic gaming tables, which is expected to boost the average daily revenue per table from the current daily 0.09 million Macanese patacas.
Is Galaxy Entertainment Group Limited (HKG:27) Trading At A 49% Discount?
In February, the gross income from Gambling in Macau was 19.74 billion Macanese Patacas, an increase of 6.8% year-on-year.
From January to February, the gross income from lucky Gambling in Macau was 38 billion Macau patacas, an increase of 0.5% year-on-year.
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