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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement , make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement . 銀 娛 GEG GALAXY ENTERTAINMENT GROUP LIMITED 銀河 娛樂 集團 有限公司 ( incorporated in Hong Kong with limited liability ) ( Stock Code : 27 ) ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2021 LETTER FROM THE CHAIRMAN OF GALAXY ENTERTAINMENT GROUP LIMITED ( " GEG " or the " Company " ) I appreciate the opportunity to update you on GEG's most recent activities and financial results for the second quarter and first half of 2021. Macau continues to gradually recover and effectively navigate through the pandemic . The Macau market experienced its fourth consecutive quarter of gross gaming revenue ( " GGR " ) growth despite sporadic outbreaks of COVID - 19 in Mainland and , most recently , in Macau . We are pleased to report that the primary focus of the Macau Government as well as GEG continues to be the health and safety of the public as well as social and economic stability . In early August 2021 , Macau reported four positive cases of COVID - 19 . We are pleased to report that the Macau Government acted promptly and decisively by testing the Macau community of over 700,000 for COVID - 19 within three days , which is a remarkable achievement . Thankfully , the results of the mass screening were all negative . We would also like to acknowledge the Macau community's cooperation in this important process which ensured swift execution of this monumental task . In addition , we would like to thank the Central Government who arranged for 300 healthcare personnel from the Mainland to assist in this critical effort , among others . Following this testing , the validity period of a negative test has been extended from 12 hours to 48 hours for individuals crossing the Guangdong - Macau border . GEG continues to support the Macau Government's efforts including , among others , providing on - site vaccination facilities and education programs to actively encourage our staff and their family members to support Macau's vaccination efforts to achieve herd immunity as well as on site COVID - 19 testing facilities . Our in - house , on - site vaccination program has encouraged over 12,000 team members and their families to be vaccinated or registered to receive a vaccine . Moving onto our Q2 2021 performance , Group Net Revenue of HK $ 5.6 billion improved relative to HK $ 1.2 billion in Q2 2020 and HK $ 5.1 billion in Q1 2021. Group Adjusted EBITDA of HK $ 1.1 billion also grew versus the HK $ 1.4 billion loss in Q2 2020 and was up 32 % quarter - on - quarter . We are also pleased to report that our non - gaming performance improved in Q2 2021 due to a strong performance in retail which bodes well for the overall recovery prospects for Macau . Further , our performance was also supported by continued effective cost controls measures across the Group . Our balance sheet remains liquid and healthy . As of 30 June 2021 , cash and liquid investments were HK $ 43.0 billion and net cash was HK $ 31.6 billion . Total debt was HK $ 11.4 billion at 30 June 2021 , including HK $ 10.9 billion associated with our treasury yield enhancement program and HK $ 0.5 billion of core debt . This provides us with valuable flexibility in managing operations and supporting our development initiatives . Given the ongoing impact of COVID - 19 , today the Board of Directors has decided not to declare a dividend . 1