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.

Galaxy Entertainment Group (GEG) is well-positioned to 'invest heavily' in growth opportunities in Macau and potentially other jurisdictions, such as Thailand, while still returning capital to shareholders through dividends, says CBRE.

Galaxy Entertainment Group has reported a 52 percent increase in net profit for the first half of 2024, totaling over $564.7 million, on the back of a revenue increase of 37 percent yearly, to $2.76 billion.

Gaming veteran Graeme Croft says that Macau will continue to be the number one gaming market, even as the Philippines rises and Singapore continues to perform well. The introduction of smart tables, with MGM leading the way, adds huge value, due to data processing, while operators continually have to reorganize the gaming floors to fit the changing demographics and desires.

Deutsche Bank has trimmed Wynn Macau’s 2Q24 forecast due to market share loss to rival Galaxy Entertainment.

Due to higher visitation and GGR/visitor assumptions, brokerage firm CLSA has revised its forecast for Macau's 2024 gross gaming revenue upward, projecting it to reach $29.8 billion this year.

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.