HONG KONG, Feb 28(Reuters) - Macau casino operator Galaxy Entertainment Group Ltd posted a 29 percent rise in profit for 2018 due to robust demand from gamblers in the world’s biggest casino hub.
Galaxy, one of six listed casino operators in the Chinese territory - the only place in the country where its citizens are legally allowed to gamble - reported HK$13.5 billion ($1.72 billion) in net profit attributable to shareholders for 2018.
As Macau marks 20 years since handover from Portuguese rule, slower mainland economic growth, a weaker yuan and a simmering Sino-U.S. trade war threaten to derail growth.
($1 = 7.8494 Hong Kong dollars)
Reporting by Farah Master; Editing by Christopher Cushing
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