Galaxy Entertainment Group has officially opened its new 700-room Andaz Hotel - the largest of the brand worldwide - in Macau on September 15th.

Andaz Hotel, a luxury hotel part of Cotai casino resort Galaxy Macau, is planning its official opening on September 15th, following the launch of Raffles Hotel in the same integrated resorts (IR) in mid-August.

Macau gaming operator Galaxy Entertainment Group has announced a new partnership with operator Capella Hotels and Resorts to launch its first property in Macau.

UBS reports that Macau hotel prices for mainland China’s five-day Labor Day holiday season are 20 percent below this year's Chinese New Year (CNY) rates but bookings are high.

Macau gaming operator Galaxy Entertainment Group (GEG) has bolstered its marketing team amidst intensifying competition in the high-end premium mass segment, says Goldman Sachs.

The management of Galaxy Entertainment Group underlined its strong belief in the "future of mass gaming and entertainment" as the main focus sectors for the gaming operator, while confirming that the development of Galaxy Macau's Phase 4 is 'well underway' and scheduled to be completed in 2027.

Galaxy Entertainment Group (GEG) has announced strong financial results for the fourth quarter and full year 2023, which allowed for the group to advance with dividend distribution.

Given Galaxy Entertainment Group's strong financial position, Jefferies expects the operator to increase its dividend payout ratio for the first half of 2024.

Extreme hotel price hikes during the Chinese New Year (CNY) holiday may no longer be a concern in Macau, given the increasing inventory and rational consumption trends.

Morgan Stanley analysts project continued positive consensus revisions for Macau, fueled by increased confidence in the mass GGR this year.