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Galaxy Entertainment Group

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Galaxy Entertainment Group
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.
The Galaxy Macau resort, which will host three UFC fight nights. Photo: Handout

UFC signs 4-year deal with Macau to host 3 fights at Galaxy hotel

UFC president Dana White says agreement with Galaxy Macau hotel could not have ‘come at a better time’.

Hong Kong stocks rise as rate-cut expectations fuel global risk appetite

Hong Kong stocks gain amid surge in mainland fund inflows, Beijing pledge

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Macau

Macau’s closure of satellite casinos to favour licensed resort operators

SJM Holdings, which has nine of the 11 satellite casinos to be shut, was seen as the biggest winner, with its stock jumping 6.3 per cent in Hong Kong.

A street scene in Macau. Photo: Eugene Lee
Macau

Macau’s Galaxy boss: open Hengqin Island to address hotel shortage

Development of the island, which is three times Macau’s size, would boost the economy and its diversification, Francis Lui Yiu-tung says.

K. Wah Group Chairman Dr Lui Che-woo Celebrates 95th Birthday – A Legacy of Career Success, Philanthropy, Family Harmony and Lifelong Friendships

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Hong Kong stock market

In Hong Kong, four firms get US$2.6 billion support to stem stocks rout

WuXi Biologics and Meituan are among four companies getting a US$2.6 billion stock-buying support following a punishing two weeks as the Hang Seng Index slides to a 13-month low.

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A screen in the Hong Kong stock exchange’s Connect Hall showing the Hang Seng Index level on December 6, 2023. Photo: Mia Castagnone
Asia travel

Galaxy Macau unveils Andaz Macau and Raffles at Galaxy Macau

Galaxy Macau has recently added two magnificent luxury hotels, Andaz Macau and Raffles at Galaxy Macau, to its portfolio, both world-class establishments that redefine the concept of luxury.

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Galaxy Entertainment Group
Macau

Video | Macau rethinks its casino hub role in post-Covid era

Macau

Macau’s casino operators reveal plans for new attractions outside gaming

Macau’s six casino operators are expected to pump US$14.7 billion into the local economy with non-gaming projects required for new gambling licenses.

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A general view of Bank of China (left), Grand Lisboa and Casino Lisboa (centre) and Wynn Macau (right) in Macau on December 15, 2019. Photo: AFP
Macau

7 companies vie for Macau’s 6 casino licences in beauty parade

The beauty parade was the culmination of years of work by Macau’s government to reform betting in the world’s gambling capital, as it continues to navigate a fine balance between a fiscal reliance on casino taxes, and Beijing’s push to diversify the city’s economy from betting.

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The Macau government collected about 13.96 billion patacas (US$1.73 billion) from direct gambling taxes in the first seven months of 2022. Photo: Shutterstock
Macau

Macau’s casinos get in regulators’ cross hairs, wiping out stock values

The consultation, released a day after the city’s second Five Year Development Plan, is likely to translate into a new gambling law, most likely coming into effect before Macau’s six casino concessions expire in June 2022.

Macau

Macau extends gambling licenses of SJM, MGM China until 2022

With the extension, the casino concessions of SJM and MGM China would be synchronised with Sands China, Wynn Macau, Galaxy Entertainment and Melco Resorts.

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Galaxy shines from high-stakes play

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.

Galaxy Entertainment's flagship casino resort, Galaxy Macau hotel. The firm is spending HK$16 billion on its next phase of growth. Photo: AFP

Profits dip as The VIPs pull back

The money is on bigger dividends from the operators including Sands, after Wynn in Las Vegas declared a US$8 a share payout. Photo: AFP
The Venetian Macao

Ex-partner claims breach of contract in Venetian deal

Macau's casinos rewrite the record books

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Spending on advertising hits record high

Effective response to emerging trends

Galaxy Macau plasters MTR station with ads

Galaxy Entertainment swings to HK$1b profit after debt buyback

Neptune buys Best Max for HK$4.32b

Galaxy taps junket partner to boost sales

Macau plays down but seen as recession-proof opportunities

Get Nice to expand margin-finance trade

Galaxy pre-tax earnings surge on StarWorld high-stakes strategy

'Jackpot' winner unlikely to receive prize

Casinos come to the party

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