Summary by Moomoo AI
GALAXY ENTERTAINMENT GROUP LIMITED (“BANK ENTERTAINMENT”) ANNOUNCED ITS ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023 WITH NET REVENUE OF HK$357 BILLION, UP 211% YOY; ADJUSTED EBITDA WAS HK$100 BILLION COMPARED TO HK$6 BILLION IN 2022. The Company's balance sheet remained stable, with total cash and liquid investments of HK$250 billion and net cash of HK$235 billion. Bank of England paid a special dividend of HK$0.20 per share on 27 October 2023 and plans to pay a special dividend of HK$0.30 per share on 26 April 2024. In 2023, the Bank completed a number of developments, including the opening of Galaxy Raffles Macau, Tianpeak High Betting Zone, Galaxy International Convention Centre and Galaxy Coliseum. Phase 4 development is underway and is targeted for completion by 2027. Silver Entertainment actively supports Macau's vision of becoming a world tourism and leisure hub and remains confident in the long-term prospects of Macau and the Group.