Macau's Galaxy Entertainment posts 31 pct jump in Q1 EBITDA

HONG KONG, May 4 (Reuters) - Macau casino operator Galaxy

Entertainment Group posted a 31 percent rise in

adjusted EBITDA in the first quarter as wealthy Chinese gamblers

flocked back into the world's biggest gambling hub.

Galaxy, one of six listed casino operators in the Chinese

territory of Macau, said adjusted EBITDA for the first three

months of the year was HK$3.2 billion ($411.24 million) compared

with HK$2.4 billion a year earlier.

The former Portuguese colony, now a special administrative

region belonging to China, is the only place in the country

where citizens are legally allowed to gamble.

Business had dried up in the special administrative region

after Chinese President Xi Jinping's campaign against shows of

wealth by public officials in 2014 but the opening of new

resorts in the second half of last year has helped revive demand

from high rollers as well as casual gamblers.

($1 = 7.7813 Hong Kong dollars)

(Reporting by Farah Master; Editing by Muralikumar

Anantharaman)