Galaxy’s third-quarter profit jumps 24 percent

Galaxy Entertainment Group said third-quarter profit rose 24 percent, with mass market gaming showing slightly faster growth than the VIP sector. Adjusted earnings before interest, taxes, depreciation and amortization increased to HK$3.2 billion ($413 million) for the three months ended September, compared with the HK$3.11 billion expected by analysts on Bloomberg. Group revenue rose 16 percent to HK$16.3 billion. VIP turnover at Galaxy Macau climbed 10 percent to HK$191 billion while mass-gaming revenue jumped 11 percent to HK$7 billion.