https://www.scmp.com/rss/59005/feed Galaxy Entertainment owns and operates hotels and casinos in Macau, including its flagship Galaxy Macau on the Cotai Strip, as well as Broadway Macau and StarWorld Macau. The company was one of three original concessionaires in Macau when the gaming sector was liberalised in 2002, and most recently its licence was renewed for the 2022-2033 period. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com SCMP Sport SCMP Sport UFC and Galaxy Macau have signed a new four-year deal, with the world’s top MMA organisation committing to hosting three fight nights in the casino city. In a statement on Thursday, UFC said the partnership followed what it called “the resounding success” of last year’s Yan v Figueiredo clash, which was the promotion’s fourth event in Macau since 2012. Dana White, UFC president and CEO, said the agreement with the hotel, which runs from next year through 2029, could not have “come at a better... https://www.scmp.com/sport/martial-arts/mixed-martial-arts/article/3324277/ufc-host-three-macau-fights-year-after-resounding-success-2024-event?utm_source=rss_feed https://www.scmp.com/sport/martial-arts/mixed-martial-arts/article/3324277/ufc-host-three-macau-fights-year-after-resounding-success-2024-event?utm_source=rss_feed Thu, 04 Sep 2025 03:59:50 +0000 Zhang Shidong Zhang Shidong Hong Kong stocks rose on Tuesday, taking cues from US and regional markets following a rebound in risk appetite as investors bought the dip on expectations of interest rate reductions by the Federal Reserve. The Hang Seng Index gained 0.7 per cent to 24,902.53 at the close. The Hang Seng Tech Index also rose 0.7 per cent. On the mainland, the CSI 300 Index climbed 0.8 per cent and the Shanghai Composite Index added 1 per cent. Personal computer maker Lenovo Group rallied 5.1 per cent to HK$11.14... https://www.scmp.com/business/china-business/article/3320748/hong-kong-stocks-steady-rate-cut-expectations-fuel-global-risk-appetite?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3320748/hong-kong-stocks-steady-rate-cut-expectations-fuel-global-risk-appetite?utm_source=rss_feed Tue, 05 Aug 2025 02:18:42 +0000 Yulu Ao Yulu Ao Hong Kong stocks rose from a one-week low as mainland funds ploughed more money into the city’s assets on optimism that Beijing will push for high-quality growth and rein in excessive price competition in some industries. The Hang Seng Index gained 0.6 per cent to 24,221.41 on Wednesday, from the level on Monday. Markets were closed on Tuesday for a holiday. The Hang Seng Tech Index declined 0.6 per cent. On the mainland, the Shanghai Composite Index weakened 0.1 per cent and the CSI 300 Index... https://www.scmp.com/business/china-business/article/3316575/hong-kong-stocks-rise-mainland-fund-purchases-beijing-growth-pledge?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3316575/hong-kong-stocks-rise-mainland-fund-purchases-beijing-growth-pledge?utm_source=rss_feed Wed, 02 Jul 2025 02:53:35 +0000 Peggy Sito Peggy Sito Macau’s licensed integrated resorts will emerge stronger with the closure of 11 satellite casinos in the city, as gambling activities are expected to shift to the casinos’ main properties and bolster their profit margins, according to analysts. The shares of the three casino operators affected by the move advanced after the closures were announced on Tuesday. The move affected 11 casinos licensed by Macau’s concessionaires but operated by third parties, down from as many as 21 in 2022 before the... https://www.scmp.com/business/companies/article/3313817/macau-seeks-economic-diversification-11-satellite-casinos-cease-operations?utm_source=rss_feed https://www.scmp.com/business/companies/article/3313817/macau-seeks-economic-diversification-11-satellite-casinos-cease-operations?utm_source=rss_feed Tue, 10 Jun 2025 06:49:49 +0000 Peggy Sito Peggy Sito A shortage of hotel rooms is hindering Macau’s growth, and further policy breakthroughs to facilitate the development of nearby Hengqin Island – three times the size of Macau – are needed to solve the problem, according to the chairman of Galaxy Entertainment Group. “As Macau shifts towards a more mass-market and event-focused model, the question of hotel rooms must be addressed,” said Francis Lui Yiu-tung in a briefing with Hong Kong reporters on Monday. With visitor arrivals growing, demand... https://www.scmp.com/business/companies/article/3312768/macaus-galaxy-boss-hotel-shortage-must-be-addressed-hengqin-island-policy?utm_source=rss_feed https://www.scmp.com/business/companies/article/3312768/macaus-galaxy-boss-hotel-shortage-must-be-addressed-hengqin-island-policy?utm_source=rss_feed Mon, 02 Jun 2025 11:30:08 +0000 [The content of this article has been produced by our advertising partner.] (Hong Kong – 24 September 2024) Dr Lui Che-woo, Chairman of K. Wah Group, celebrated his 95th birthday with a grand gala dinner in Hong Kong. Hosted by his five children - Mr Francis Lui, Mr Lawrence Lui, Mr Alexander Lui, Ms Paddy Lui and Ms Eileen Lui - the event welcomed luminaries from political, business, education sectors, etc., along with family members, friends and senior K. Wah employees. The dinner theme “zhen”... https://www.scmp.com/presented/business/topics/galaxy-entertainment-group/article/3279856/k-wah-group-chairman-dr-lui-che-woo-celebrates-95th-birthday-legacy-career-success-philanthropy?utm_source=rss_feed https://www.scmp.com/presented/business/topics/galaxy-entertainment-group/article/3279856/k-wah-group-chairman-dr-lui-che-woo-celebrates-95th-birthday-legacy-career-success-philanthropy?utm_source=rss_feed Wed, 25 Sep 2024 16:00:08 +0000 The stock sell-off in Hong Kong has galvanised some of the biggest companies to rush out their buy-back programmes, with WuXi Biologics, Meituan and Swire Pacific aided by US$2.37 billion of support. Casino operator Sands China got US$249 million of backing from its parent. WuXi Biologics set aside US$600 million to repurchase its shares from the market, according to an exchange filing on Wednesday. The biotech firm suffered a 30 per cent rout in the preceding two days, crashing its market value... https://www.scmp.com/business/china-business/article/3244059/wuxi-meituan-swire-and-sands-china-get-us26-billion-stock-buying-support-hong-kong-stem-market-rout?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3244059/wuxi-meituan-swire-and-sands-china-get-us26-billion-stock-buying-support-hong-kong-stem-market-rout?utm_source=rss_feed Wed, 06 Dec 2023 08:30:59 +0000 [Sponsored article] Building upon its reputation for excellence, Galaxy Macau has recently added two magnificent luxury hotels, Andaz Macau and Raffles at Galaxy Macau, to its portfolio. These two world-class establishments are designed to redefine the concept of luxury, offering guests an unparalleled experience of opulence and sophistication. Andaz Macau Boasting over 700 meticulously designed rooms and suites, Andaz Macau stands as the largest hotel under the Andaz name worldwide, and it... https://www.scmp.com/magazines/post-magazine/travel/special-reports/topics/galaxy-entertainment-group/article/3241071/galaxy-macau-unveils-andaz-macau-and-raffles-galaxy-macau-new-era-unparalleled-luxury-begins?utm_source=rss_feed https://www.scmp.com/magazines/post-magazine/travel/special-reports/topics/galaxy-entertainment-group/article/3241071/galaxy-macau-unveils-andaz-macau-and-raffles-galaxy-macau-new-era-unparalleled-luxury-begins?utm_source=rss_feed Sun, 12 Nov 2023 01:45:16 +0000 Mia Castagnone,Salina Li Mia Castagnone,Salina Li Macau’s casino operators will invest a combined 108 billion patacas (US$13.5 billion) to host conferences and sporting events and promote family entertainment over the next 10 years in response to the government’s call to help Asia’s gambling hub diversify its economy away from the industry. Each of the six operators – MGM Grand Paradise, Galaxy Casino, Venetian Macau, Melco Resorts Macau, Wynn Resorts Macau and SJM Resorts – will be spending hundreds of millions of dollars on new facilities and... https://www.scmp.com/business/companies/article/3203691/macaus-casino-operators-reveal-new-theme-parks-theatres-10-year-plan-diversify-citys-economy-away?utm_source=rss_feed https://www.scmp.com/business/companies/article/3203691/macaus-casino-operators-reveal-new-theme-parks-theatres-10-year-plan-diversify-citys-economy-away?utm_source=rss_feed Sat, 17 Dec 2022 09:53:17 +0000 Martin Choi,Peggy Sito,Mia Castagnone Martin Choi,Peggy Sito,Mia Castagnone Seven companies conducted a beauty parade before Macau’s authorities in a closely watched contest for the right to operate half a dozen casino licences in the world’s largest gambling hub. The seven companies comprised all six existing casino operators whose current licenses are due to expire on December 31, plus a wild card bid by GMM Limited, a subsidiary of Malaysian casino operator Genting Malaysia, which is controlled by local tycoon Lim Kok Thay. The bids were presented to the Committee... https://www.scmp.com/business/article/3192707/seven-operators-vie-six-macau-casino-licences-bids-open-worlds-gambling?utm_source=rss_feed https://www.scmp.com/business/article/3192707/seven-operators-vie-six-macau-casino-licences-bids-open-worlds-gambling?utm_source=rss_feed Fri, 16 Sep 2022 06:00:33 +0000 Macau’s authorities will solicit public opinion to overhaul the city’s gambling laws, sending the shares of casino operators plunging in a US$17 billion wipeout, as the proposed revisions portend heightened scrutiny of capital flows and daily operations. The 45-day consultation will ask the public to give their feedback on a raft of rules including additional government oversight, permission for the remittances of dividends, and a proposal to slash the number of gambling tables. JPMorgan Chase... https://www.scmp.com/business/companies/article/3148858/macau-puts-casinos-cross-hairs-stem-capital-flows-and-tighten?utm_source=rss_feed https://www.scmp.com/business/companies/article/3148858/macau-puts-casinos-cross-hairs-stem-capital-flows-and-tighten?utm_source=rss_feed Wed, 15 Sep 2021 12:30:23 +0000 Macau’s government has extended the gambling licenses of SJM Holdings and MGM China Holdings by two years, putting them on equal footing with four other casino concessionaires that operate in the world’s largest gaming hub. The concessions of SJM and MGM China will expire on June 26, 2022, the same as Sands China, Wynn Macau, Galaxy Entertainment Group and Melco Resorts & Entertainment Limited. SJM and MGM China will have to pay 200 million patacas (US$24.7 million) each for the extension. The... https://www.scmp.com/business/companies/article/3001800/macau-extends-gambling-licenses-sjm-and-mgm-china-until-2022?utm_source=rss_feed https://www.scmp.com/business/companies/article/3001800/macau-extends-gambling-licenses-sjm-and-mgm-china-until-2022?utm_source=rss_feed Fri, 15 Mar 2019 04:07:57 +0000 Macau casino operator Galaxy Entertainment posted a 29 per cent increase in first-quarter earnings and said it was seeing signs of improved demand from high-stakes gamblers. Adjusted earnings before interest, taxes, depreciation and amortisation for the quarter to March rose to HK$2.77 billion from HK$2.15 billion a year ago, Galaxy said in a statement. The median estimate of six analysts was HK$2.79 billion. A rise in new attractions, hotel supply and an improved rail connection are drawing... https://www.scmp.com/business/companies/article/1238380/galaxy-shines-high-stakes-play?utm_source=rss_feed https://www.scmp.com/business/companies/article/1238380/galaxy-shines-high-stakes-play?utm_source=rss_feed Wed, 15 May 2013 16:00:00 +0000 Casino operator Wynn Macau yesterday reported a drop in third-quarter profit, deepening the gloomy outlook for Macau's gaming industry. The casino operator's quarterly profit fell 3.1 per cent to US$203.3 million, with the lucrative VIP segment shrinking 12.1 per cent as high rollers pulled back. "Looking into the fourth quarter, we forecast 7 per cent year-on-year gaming revenue growth," said CLSA consumer and gaming research analyst Richard Huang. Revenue for the industry in the third quarter... https://www.scmp.com/business/companies/article/1069916/profits-dip-vips-pull-back?utm_source=rss_feed https://www.scmp.com/business/companies/article/1069916/profits-dip-vips-pull-back?utm_source=rss_feed Thu, 25 Oct 2012 16:00:00 +0000 Las Vegas Sands faces a three billion pataca lawsuit from a former partner in Macau, claiming breach of contract by the American resort company before securing its gaming licence a decade ago. Former Las Vegas Sands business partner Asian American Entertainment claims it helped the company break into the Macau market - even providing the idea for its landmark Venetian-themed casino - only to have it cut ties before winning a gambling concession in February 2002. The Macau-based Asian... https://www.scmp.com/article/995530/ex-partner-claims-breach-contract-venetian-deal?utm_source=rss_feed https://www.scmp.com/article/995530/ex-partner-claims-breach-contract-venetian-deal?utm_source=rss_feed Wed, 14 Mar 2012 16:00:00 +0000 Macau casino revenue again set a record last month, soaring 42.3 per cent from a year earlier to 26.8 billion patacas (HK$25.5 billion). Any signs of a looming economic slowdown failed to dent turnover on the high-stakes baccarat tables, as the city's gambling volumes enjoyed their usual surge over the mainland's National Day 'golden week' holiday. The October haul marked Macau's sixth new monthly record in the past nine months, beating the most recent record set in August by 8.4 per cent. At... https://www.scmp.com/article/983646/macaus-casinos-rewrite-record-books?utm_source=rss_feed https://www.scmp.com/article/983646/macaus-casinos-rewrite-record-books?utm_source=rss_feed Tue, 01 Nov 2011 16:00:00 +0000 Advertising spending in Hong Kong's hotel sector reached a record high in May, boosted by Galaxy Macau's massive campaign to promote its recently opened five-star resort casino. Media-monitoring firm admanGo yesterday reported that Galaxy Macau's advertising blitz amounted to HK$27.86 million, which accounted for 57 per cent of its industry's total spending last month. That helped lift hotel advertising spending in Hong Kong to HK$49.03 million, up 228 per cent from HK$14.94 million in May... https://www.scmp.com/article/971552/spending-advertising-hits-record-high?utm_source=rss_feed https://www.scmp.com/article/971552/spending-advertising-hits-record-high?utm_source=rss_feed Thu, 23 Jun 2011 16:00:00 +0000 Galaxy Entertainment Group (GEG) has been at the heart of Macau's thriving casino and hotel industry. 'GEG owns and operates StarWorld Hotel and Casino, a luxury five-star property on the Macau peninsula,' says Trevor Martin, the group's senior vice-president of human resources and administration. 'It operates four City Club casinos in Macau, as well as owning and operating the newly opened Galaxy Macau in Cotai,' he adds. As GEG is one of Macau's largest employers, Martin is in a good... https://www.scmp.com/article/970880/effective-response-emerging-trends?utm_source=rss_feed https://www.scmp.com/article/970880/effective-response-emerging-trends?utm_source=rss_feed Fri, 17 Jun 2011 16:00:00 +0000 Galaxy Macau, the new five-star casino resort, has bought up all the advertising space in the Tsim Sha Tsui MTR station - nearly 10,000 square metres in all - to promote its opening 12 days from now. 'This is the largest metro station-wide advertising campaign in China, if not the world,' said Amy Chan, the managing director at JCDecaux Transport Hong Kong, the sole agent for advertising in the six Hong Kong MTR train lines. The campaign, whose price Galaxy Macau declined to disclose, began... https://www.scmp.com/article/966889/galaxy-macau-plasters-mtr-station-ads?utm_source=rss_feed https://www.scmp.com/article/966889/galaxy-macau-plasters-mtr-station-ads?utm_source=rss_feed Wed, 04 May 2011 16:00:00 +0000 Casino operator Galaxy Entertainment Group recorded a net profit of HK$1.06 billion in the first half thanks to gains from a debt buyback and cost control, after reporting a loss a year earlier. Earnings before interest, tax, depreciation and amortisation (ebitda) surged 91 per cent to HK$507 million for the six months to June, compared with HK$242 million the previous year. Ebitda at Galaxy's StarWorld casino rose 45 per cent to HK$419 million. Revenue dropped 1 per cent to HK$5.34 billion. ... https://www.scmp.com/article/692938/galaxy-entertainment-swings-hk1b-profit-after-debt-buyback?utm_source=rss_feed https://www.scmp.com/article/692938/galaxy-entertainment-swings-hk1b-profit-after-debt-buyback?utm_source=rss_feed Fri, 18 Sep 2009 16:00:00 +0000 Neptune Group has agreed to pay HK$4.32 billion for Best Max, which is entitled to share profits at a casino of Galaxy Entertainment Group. The acquisition will allow Neptune to take profits from 0.45 per cent of up to HK$20 billion in monthly rolling turnover by Lucky Star, a junket and gaming promoter at Galaxy's StarWorld Casino. Neptune will also provide a loan of up to HK$6 billion to boost Lucky Star's business. https://www.scmp.com/article/644437/neptune-buys-best-max-hk432b?utm_source=rss_feed https://www.scmp.com/article/644437/neptune-buys-best-max-hk432b?utm_source=rss_feed Mon, 07 Jul 2008 16:00:00 +0000 In an aggressive move to claw back lost market share, Galaxy Entertainment Group, the Macau gaming company controlled by the family of Hong Kong property and construction tycoon Lui Che-woo plans to more than double VIP gaming capacity by forging an alliance with a large high-roller junket operator. The management said yesterday that the flagship StarWorld casino hotel was adding up to 100 new gaming tables in a 'jumbo-sized VIP facility', up from its current 69 VIP tables, under a deal to be... https://www.scmp.com/article/634345/galaxy-taps-junket-partner-boost-sales?utm_source=rss_feed https://www.scmp.com/article/634345/galaxy-taps-junket-partner-boost-sales?utm_source=rss_feed Fri, 18 Apr 2008 16:00:00 +0000 The chips are down across the board for Macau plays, but some analysts see buying opportunities and the promise of insulation from the broader market turmoil. 'Share prices of the six gaming licence holders in Macau were hammered during the fourth quarter,' Citigroup analyst Anil Daswani wrote last week in a research report. He calculates that the three Hong Kong-listed companies - Melco International Development, Galaxy Entertainment and Shun Tak Holdings - shed an average 27 per cent of their... https://www.scmp.com/article/624562/macau-plays-down-seen-recession-proof-opportunities?utm_source=rss_feed https://www.scmp.com/article/624562/macau-plays-down-seen-recession-proof-opportunities?utm_source=rss_feed Sun, 27 Jan 2008 16:00:00 +0000 Get Nice Holdings, a securities firm and Macau casino hotel investor, will seek to expand its margin-financing business after profit in the six months to September more than quadrupled to HK$186.4 million on soaring trading on the Hong Kong stock market. The company said the buoyant market and potential influx of funds due to the much-delayed 'through-train' scheme for mainland investors promised to continue driving growth into next year. 'Going forward, the company will focus more on ... https://www.scmp.com/article/620097/get-nice-expand-margin-finance-trade?utm_source=rss_feed https://www.scmp.com/article/620097/get-nice-expand-margin-finance-trade?utm_source=rss_feed Tue, 18 Dec 2007 16:00:00 +0000 Galaxy Entertainment Group, the Macau casino operator controlled by the family of property and construction tycoon Lui Che-woo, said pre-tax earnings rose to HK$1.1 billion in the first nine months, already 150 per cent more than last year's full-year results. Galaxy's flagship StarWorld casino hotel, which opened in October last year, drove the increase. Group sales surged 105 per cent over the whole of last year to HK$9.57 billion in the nine months to September. StarWorld's third-quarter... https://www.scmp.com/article/618444/galaxy-pre-tax-earnings-surge-starworld-high-stakes-strategy?utm_source=rss_feed https://www.scmp.com/article/618444/galaxy-pre-tax-earnings-surge-starworld-high-stakes-strategy?utm_source=rss_feed Wed, 05 Dec 2007 16:00:00 +0000 A Hong Kong woman who apparently hit a jackpot of HK$40 million in Macau is unlikely to cash in the amount due to a 'machine error', the city's deputy gaming inspector said yesterday. 'It seems that the amount will not be paid out,' said Antonio Pedro Silva Correia Paiva, deputy head of the Gaming Inspection and Co-ordination Bureau (DICJ) 'It's a gross mistake [by the machine],' Mr Paiva said. Mr Paiva said it had happened because of a software problem in the machine at the StarWorld... https://www.scmp.com/article/606259/jackpot-winner-unlikely-receive-prize?utm_source=rss_feed https://www.scmp.com/article/606259/jackpot-winner-unlikely-receive-prize?utm_source=rss_feed Fri, 31 Aug 2007 16:00:00 +0000 Plans to turn the city into a sporting hub for the region is fast gaining ground as the private sector starts financing international events The gambling Mecca of Macau has become a sports entertainment hub. Macau organised the East Asian Games in 2005 followed by the Lusofonia Games last year, the Olympics for Portuguese-speaking nations, and will host the Asian Indoor Games in November. Manuel Silverio, chairman of the organising committee for the three events, had said: 'We are cleaning up... https://www.scmp.com/article/603583/casinos-come-party?utm_source=rss_feed https://www.scmp.com/article/603583/casinos-come-party?utm_source=rss_feed Thu, 09 Aug 2007 16:00:00 +0000 Galaxy Entertainment Group's principal activities are the operation of casino games of chance or games of other forms, and the manufacture, sale and distribution of construction materials such as ready-mixed concrete, aggregates, concrete pipes, cement and precast concrete products. Other activities include management service, quarrying, property investment, equipment leasing and investment holding. The company operates five casinos in Macau and expects a double-digit return on investment this... https://www.scmp.com/article/596279/company-profile-galaxy-entertainment-group?utm_source=rss_feed https://www.scmp.com/article/596279/company-profile-galaxy-entertainment-group?utm_source=rss_feed Sun, 10 Jun 2007 16:00:00 +0000 The booming economy in Macau is proving a magnet for expatriates, but for those with children, the availability of suitable school places is a key consideration. As a sleepy Portuguese colonial backwater, the enclave's education system evolved as a patchwork of schools following Chinese, Portuguese and British models. The Macau government has embarked on an ambitious programme to extend universal free education to all kindergarten children and senior secondary students but there are few... https://www.scmp.com/article/594305/challenge-odds-schooling-macau?utm_source=rss_feed https://www.scmp.com/article/594305/challenge-odds-schooling-macau?utm_source=rss_feed Fri, 25 May 2007 16:00:00 +0000 Macau casino operator Galaxy Entertainment Group said it sank into the red with a net loss of HK$1.53 billion, largely due to the depreciation of its gaming licence, pre-opening costs of four casinos and higher interest expenses. In 2005, the company made a profit of HK$2.39 billion, aided by a HK$3.03 billion revaluation gain in net assets acquired. Earnings before interest, tax, depreciation and amortisation for last year was HK$437 million on turnover that rose 261.24 per cent to... https://www.scmp.com/article/589511/galaxy-suffers-hk15b-loss-after-charges?utm_source=rss_feed https://www.scmp.com/article/589511/galaxy-suffers-hk15b-loss-after-charges?utm_source=rss_feed Wed, 18 Apr 2007 16:00:00 +0000 Others may be rushing in, but the 'Angry Man from Chiu Chow' is not interested in becoming the 'Gambling Man of Macau'. For more than a year, colourfully nicknamed Hong Kong legislator Chim Pui-chung was the largest single shareholder in cruise-ship operator Massive Resources International. In the past two months, the company listed on the main board has announced two deals to grab a slice of Macau's booming high-stakes gambling market. Mr Chim does not doubt the enclave's prospects: 'I always... https://www.scmp.com/article/588238/vip-gaming-tables-rule-action-macau?utm_source=rss_feed https://www.scmp.com/article/588238/vip-gaming-tables-rule-action-macau?utm_source=rss_feed Sun, 08 Apr 2007 16:00:00 +0000 Galaxy Entertainment Group, which runs five Macau casinos, said its share of the enclave's booming gaming market reached a record 22 per cent last month, second only to Stanley Ho Hung-sun's Sociedade de Jogos de Macau (SJM). Galaxy's casinos, including the newly opened StarWorld hotel and four franchise-style 'city clubs', won HK$1.29 billion of Macau's HK$5.86 billion gaming revenue for the month, said the company held by the family of property and construction tycoon Lui Che-woo. The... https://www.scmp.com/article/581497/galaxy-claims-22pc-share-macau-gaming-market?utm_source=rss_feed https://www.scmp.com/article/581497/galaxy-claims-22pc-share-macau-gaming-market?utm_source=rss_feed Fri, 09 Feb 2007 16:00:00 +0000 The group's principal activities are the provision of construction services, the manufacture and distribution of building materials, property development and sale of properties. The group also oversees the installation of computer management systems for the building community. Operations are located mainly in China. https://www.scmp.com/article/554264/baoye-grouo?utm_source=rss_feed https://www.scmp.com/article/554264/baoye-grouo?utm_source=rss_feed Sun, 25 Jun 2006 16:00:00 +0000 Macau gaming firm Galaxy Entertainment Group plans to open three casinos by August after a shake-out in the cut-throat high-roller segment resulted in dismal performance last year. Turnover from gaming reached $66 million in the five months to December last year, compared with $123.77 million between July 4 and December 31 in the previous year. The reporting periods differ because Galaxy only completed the acquisition of the casino interests on July 31 last year, paying $18.4 billion for an... https://www.scmp.com/article/544404/galaxy-bets-casino-openings-after-slump?utm_source=rss_feed https://www.scmp.com/article/544404/galaxy-bets-casino-openings-after-slump?utm_source=rss_feed Tue, 11 Apr 2006 16:00:00 +0000 The acquisition of Macau-based Galaxy Entertainment Group from its chairman, Lui Che-woo, for $18.4 billion was completed in July, making K Wah Construction the only Hong Kong-listed gaming operator. K Wah Construction will change its name to Galaxy Entertainment Group later this year to reflect its new status. Galaxy Entertainment's results will be included in those of K Wah Construction in the second half of this year. 'We have done well over the last six months with a market share of 10... https://www.scmp.com/article/519435/turning-tables?utm_source=rss_feed https://www.scmp.com/article/519435/turning-tables?utm_source=rss_feed Thu, 06 Oct 2005 16:00:00 +0000 Property developer K Wah International has cut its stake in its Macau gaming subsidiary, K Wah Construction Materials, to below 20 per cent, by distributing shares in the subsidiary as part of its interim dividend declared yesterday. K Wah International will distribute the K Wah Construction shares as a special interim dividend, on top of its normal interim dividend of one cent per share, on the basis of one K Wah Construction share for every 10 K Wah International shares. After the... https://www.scmp.com/article/516296/dividends-dilute-k-wah-interest-macau-unit?utm_source=rss_feed https://www.scmp.com/article/516296/dividends-dilute-k-wah-interest-macau-unit?utm_source=rss_feed Wed, 14 Sep 2005 16:00:00 +0000