Third quarter revenue of HongKong-listed casino operator Galaxy Entertainment Group (GEG) climbed by as much 23 percent despite increased competition both in Macau and other neighboring gambling jurisdictions.

In a regulatory filing, GEG announced that its third quarter revenue was at HK$15.9 billion (US$2.0 billion) compared to last year’s HK$12.9 billion (US$1.65 billion) as the world’s premier gaming hub continues its steady recovery.

Adjusted earnings before interest, tax, depreciation and amortization jumped 31 percent to HK$3.5 billion (US$448.78 million) compared to HK$2.7 billion ($348 million) on the same period a year ago, it said.

The casino operator was able to post a revenue growth for the seventh consecutive quarter as Macau market continues to recover and despite “the extraordinary period that Macau experienced as a result of Typhoons Hato and Pakhar.”